Purchase and Sale Clause Example with 8 Variations from Business Contracts
This page contains Purchase and Sale clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of the following described property (herein collectively called the "Property"): (a) Land. That certain tract of land located at 1500 E. Baseline Road, Phoenix, Arizona 85042, being more particularly described on Exhibit "A" attached hereto and made a part hereof (herein, the "Land"). (b) Easements. All easements, if any, benefiting... the Land or the Improvements (as defined in Section 1.1(d) of this Agreement). (c) Rights and Appurtenances. All rights and appurtenances pertaining to the Land, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way. (d) Improvements. All improvements and related amenities to be hereafter constructed on the Land by Seller in accordance with the plans and specifications set forth on Schedule "B" attached hereto and incorporated herein (the "Plans and Specifications"), to contain approximately 80,775 net rentable square feet of storage space and approximately 829 rental units (herein, the "Improvements"). (e) Leases. Seller's interest under (i) all written leases, occupancy agreements and rental agreements for rental units in the Property hereafter entered into by or on behalf of Seller in accordance with the terms of this Agreement (collectively, the "Leases"), including all tenant leasing files, together with all tenant security deposits held by Seller on the Closing Date (as defined in Section 6.1 of this Agreement), (ii) all cellular tower leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Tower Leases"), and (iii) all billboard leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Billboard Leases"). (f) Tangible Personal Property. All appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other items of personal property, if any, owned by Seller and located on or about the Land and the Improvements (the "Tangible Personal Property"), including any and all items of Personal Property set forth in the Plans and Specifications. (g) Contracts. Seller's interest under the "Contracts" (as defined below), if any. 1 (h) Intangible Property. All intangible property (the "Intangible Property") owned by Seller and pertaining to the Land, the Improvements, or the Tangible Personal Property, including, without limitation, (i) all "yellow page" advertisements, (ii) all transferable utility contracts, (iii) all transferable telephone and telecopy numbers, (iv) the Plans and Specifications, (v) all licenses, permits, engineering plans and landscape plans, (vi) all assignable warranties and guarantees relating to the Property or any part thereof, and (vii) all internet websites and other internet related property rights owned by Seller and/or any affiliate thereof and relating to the Property, including the website information, paid search campaigns and local listing information listed on Exhibit "D" attached hereto.View More
Variations of a "Purchase and Sale" Clause from Business Contracts
Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of the following described property (herein collectively called the "Property"): (a) "Property"):(a) Land. That certain tract of land (the "Land") located at 1500 E. Baseline Road, Phoenix, Arizona 85042, in the City of Hampton, Virginia, being more particularly described on Exhibit "A" attached hereto and made a part hereof (herein..., the "Land"). (b) hereof.(b) Easements. All easements, if any, benefiting the Land or the Improvements (as defined in Section 1.1(d) of this Agreement). (c) Rights and Appurtenances. All rights and appurtenances pertaining to the Land, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way. (d) rights-of‐way.(d) Improvements. All improvements known as the Trail Creek Apartments (the "Improvements") in and related amenities to be hereafter constructed on the Land by Seller in accordance with the plans and specifications Land, consisting of a total of 300 rental apartment units.(e) Leases. Seller's interest as landlord under all leases set forth on Schedule "B" attached hereto Exhibit "L" and incorporated herein (the "Plans and Specifications"), other leases permitted pursuant to contain approximately 80,775 net rentable square feet of storage space and approximately 829 rental units (herein, the "Improvements"). (e) Leases. Seller's interest under (i) all written leases, occupancy agreements and rental agreements for rental units in the Property hereafter entered into by or on behalf of Seller in accordance with the terms of this Agreement (collectively, the "Leases"), including "Space Leases") of space in the Property to which Seller is a party (if any), and all tenant leasing files, together with all refundable tenant security deposits or pet deposits (collectively, the "Deposits"), if any, held by Seller on the Closing Date (as defined in Section 6.1 of this Agreement), (ii) all cellular tower leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Tower Leases"), and (iii) all billboard leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Billboard Leases"). Agreement). (f) Tangible Personal Property. All appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other items of personal property, if any, owned by Seller and located on or about the Land and the Improvements (the "Tangible Personal Property"), including any and all including, without limitation, those items of Personal Property personal property set forth in the Plans and Specifications. (g) on Exhibit "J" attached hereto.(g) Contracts. Seller's interest (to the extent the same is assignable) under the "Contracts" Contracts (as defined below), in Section 4.1.2 of this Agreement) to which Seller is a party, if any. 1 any, other than the Rejected Contracts (as defined hereinafter). (h) Intangible Property. All intangible property (the "Intangible Property") Property"), if any, owned by Seller and pertaining to the Land, the Improvements, or the Tangible Personal Property, including, without limitation, (i) any telephone exchanges, trade names, all "yellow page" advertisements, (ii) plans, drawings, specifications, surveys, engineering reports and other technical information with respect to the Improvements, all transferable warranties from third parties in connection with the Improvements or Tangible Personal Property, and all licensee and permits held by Seller in connection with the Land, Improvements and Tangible Personal Property.1.2 Excluded Property. The following items shall be and hereby are excluded from the property to be conveyed and/or transferred hereunder:(a) Insurance Policies and Proceeds. Seller's interest under any and all insurance policies held by or on behalf of Seller, and proceeds payable thereunder, except as may be expressly set forth in Section 7.2 below. (b) Management Software. Seller's management software program. (c) Utility Deposits. All utility contracts, (iii) all transferable telephone and telecopy numbers, (iv) the Plans and Specifications, (v) all licenses, permits, engineering plans and landscape plans, (vi) all assignable warranties and guarantees other similar deposits of Seller relating to the Property Property, but not including the Deposits. (d) Bonus Payments. All upfront bonus payments paid or payable under the Contracts.(e) Rebates. All rebates, credits, refunds and/or reimbursements that at any part thereof, time on or prior to the Closing Date are paid or payable in respect of the ownership and/or operation of the Property.(f) Website. Any internet website and (vii) all internet websites and other internet related property rights owned associated domain names maintained by Seller and/or any affiliate thereof and relating of Seller, whether with respect to the Property, including the website information, paid search campaigns and local listing information listed on Exhibit "D" attached hereto. Property or otherwise. View More
Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of the following described property (herein collectively called the "Property"): (a) Land. That Those certain tract tracts of land located at 1500 E. Baseline Road, Phoenix, Arizona 85042, the addresses identified in Exhibit "A" attached hereto, being more particularly described on in corresponding Exhibit "A" "A-1" through Exhibit ..."A-32" attached hereto and made a part hereof (herein, (being defined on Exhibit "A" as "Parcel One" through "Parcel Thirty Two", respectively, collectively herein called the "Land"). "Land", and sometimes individually referred to as a "Parcel"). (b) Easements. All easements, if any, benefiting the Land or the Improvements (as defined in Section 1.1(d) of this Agreement). (c) Rights and Appurtenances. All rights and appurtenances pertaining to the Land, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way. (d) Improvements. All improvements and related amenities to be hereafter constructed in and on Parcel One through Parcel Thirty Two, comprised of the Land by Seller in accordance with the plans and specifications set forth on Schedule "B" attached hereto and incorporated herein (the "Plans and Specifications"), to contain approximately 80,775 approximate amount of net rentable square feet of storage space and approximately 829 rental number of units (herein, identified in Exhibit "A" attached hereto, each being commonly known as "Mini U Storage" (herein referred to as the "Parcel One Improvements" through the "Parcel Thirty Two Improvements", respectively, and herein collectively called the "Improvements"). (e) Leases. Seller's interest under (i) all written leases, occupancy agreements and rental agreements (collectively, the "Leases") for rental units in the Property hereafter entered into by or on behalf of Seller in accordance with the terms of this Agreement (collectively, the "Leases"), Property, including all tenant leasing files, together with all tenant security deposits held by Seller on the Closing Date (as defined in Section 6.1 of this Agreement), 6.1), and (ii) all cellular tower leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Tower Leases"), and (iii) all billboard leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement as more particularly described on Schedule "B" attached hereto and incorporated herein (the "Billboard "Additional Leases"). (f) Tangible Personal Property. All appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other items of personal property, if any, property owned by Seller and located on or about the Land and the Improvements (the "Tangible Personal Property"), including any and all including, without limitation, those items of Personal Property personal property set forth in on Exhibit "D" attached hereto, and further including all on-site moving trucks, if any, listed on Exhibit "D" hereto (herein collectively, the Plans and Specifications. "Motor Vehicles"). (g) Contracts. Seller's interest (to the extent the same is assignable) under the "Contracts" Contracts [as defined in Section 4.4(a)(vi)], other than the Rejected Contracts (as defined below), if any. 1 in Section 4.4.4). (h) Intangible Property. All intangible property (the "Intangible Property") owned solely and exclusively by Seller and pertaining to the Land, the Improvements, or the Tangible Personal Property, including, without limitation, (i) all "yellow page" advertisements, (ii) all transferable utility contracts, (iii) all transferable the telephone and telecopy numbers, numbers set forth in Schedule "E" attached hereto, (iv) the Plans all plans and Specifications, specifications, (v) all licenses, permits, engineering plans and landscape plans, (vi) all assignable warranties and guarantees relating to the Property or any part thereof, and (vii) all internet websites and other internet related property rights owned by Seller and/or any affiliate thereof and relating to the Property, including Property and the website information, paid search campaigns campaign and local listing information listed on Exhibit "D" "G" attached hereto, and (viii) all of Seller's right, title and interest in and to any trade name listed on Exhibit "G" attached hereto. View More
Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of the following described property (herein collectively called the "Property"): (a) Land. (i) That certain tract of land located at 1500 E. Baseline 1723 Woodbourne Road, Phoenix, Arizona 85042, Levittown, PA 19057, containing approximately 5.381 acres, and being more particularly described on Exhibit "A" "A-1" attached hereto and ...made a part hereof (herein, "Parcel One"), and (ii) that other certain tract of land located at 401 Bellevue Road, Newark, DE 19713, containing approximately 2.3192 acres, and being more particularly described on Exhibit "A-2" attached hereto and made a part hereof (herein "Parcel Two", and together with Parcel One, herein collectively called the "Land"). (b) Easements. All easements, if any, benefiting the Land or the Improvements "Improvements" (as defined in Section 1.1(d) of this Agreement). (c) Rights and Appurtenances. All rights and appurtenances pertaining to the Land, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way. rights-of‐way. (d) Improvements. (i) All improvements and related amenities to be hereafter constructed in and on the Land by Seller in accordance with the plans and specifications set forth on Schedule "B" attached hereto and incorporated herein (the "Plans and Specifications"), to contain Parcel One, comprising approximately 80,775 78,090 net rentable square feet of storage space and 813 rental units, and being commonly known as "SAFStor Woodbourne" (herein, "Parcel One Improvements"), and (ii) all improvements and related amenities in and on Parcel Two, comprising approximately 829 80,687 net rentable square feet of storage space and 834 rental units (herein, units, and being commonly known as "SAFStor Bellevue" (herein "Parcel Two Improvements", and together with the Parcel One Improvements, herein collectively called the "Improvements"). (e) Leases. Seller's interest under (i) all written leases, occupancy agreements and rental agreements (collectively, the "Leases") for rental units in the Property hereafter entered into by or on behalf of Seller in accordance with the terms of this Agreement (collectively, the "Leases"), Property, including all tenant leasing files, together with all tenant security deposits deposits, if any, held by Seller on the Closing Date "Closing Date" (as defined in Section 6.1 of this Agreement), (ii) all cellular tower leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement as more particularly described on Schedule "B" attached hereto and incorporated herein (the "Tower Leases"), and (iii) all billboard leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement as more particularly described on Schedule "C" attached hereto and incorporated herein (the "Billboard Leases"). (f) Tangible Personal Property. All appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other items of personal property, if any, property owned by Seller and DOCVARIABLE BABC_DocID located on or about the Land and the Improvements (the "Tangible Personal Property"), including any and all including, without limitation, those items of Personal Property personal property set forth in the Plans on Exhibit "D" attached hereto, and Specifications. further including all on-site moving trucks, if any, listed on Exhibit "D" attached hereto. (g) Contracts. Seller's interest (to the extent the same is assignable) under the "Contracts" (as defined below), if any. 1 other than the "Rejected Contracts" (as defined below). (h) Intangible Property. All To the extent the same is assignable, all intangible property (the "Intangible Property") owned by Seller and pertaining to the Land, the Improvements, or the Tangible Personal Property, including, without limitation, (i) all any "yellow page" advertisements, (ii) all transferable utility contracts, (iii) all transferable telephone exchange numbers (with a list of telephone numbers relating to the Property set forth on Exhibit "G" attached hereto), (iv) all plans and telecopy numbers, (iv) the Plans and Specifications, specifications, (v) all licenses, permits, engineering plans and landscape plans, (vi) all assignable warranties and guarantees relating to the Property or any part thereof, and (vii) all any internet websites and other internet related property rights and digital assets owned by Seller and/or any affiliate thereof and relating to the Property, including Property (with Seller agreeing to also cause to be provided to Purchaser instructions for transferring the website information, paid search campaigns and local property manager's Google My Business listing information listed on Exhibit "D" attached hereto. relating to the Property). Notwithstanding anything to the contrary implied in this Agreement, in no event shall the Property include any rights to the SAFStor name, logo or trademark. View More
Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of the following described property (herein collectively called the "Property"): (a) Land. That certain tract of land located at 1500 E. Baseline Road, Phoenix, Arizona 85042, 12321 Western Ave., Garden Grove, CA 92841, and being more particularly described on Exhibit "A" attached hereto and made a part hereof (herein, the "Land"). ...(b) Easements. All easements, if any, benefiting the Land or the Improvements (as defined in Section 1.1(d) of this Agreement). (c) Rights and Appurtenances. All rights and appurtenances pertaining to the Land, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way. (d) Improvements. All improvements and related amenities to be hereafter constructed consisting of a 129,010 square foot building, including 897 storage units totaling 94,450 square feet of rentable area and 59 RV/ Boat Storage spaces on the Land by Seller in accordance with the plans and specifications set forth on Schedule "B" attached hereto and incorporated herein (the "Plans and Specifications"), to contain approximately 80,775 net rentable square feet of storage space and approximately 829 rental units (herein, the "Improvements"). (e) Leases. Seller's interest under (i) all written leases, occupancy agreements and rental agreements for rental units in the Property hereafter entered into by or on behalf of Seller in accordance with the terms of this Agreement (collectively, the "Leases"), including all tenant leasing files, together with all tenant security deposits held by Seller on the Closing Date (as defined in Section 6.1 of this Agreement), (ii) all cellular tower leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Tower Leases"), and (iii) all billboard leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Billboard Leases"). Intentionally Omitted. (f) Tangible Personal Property. All appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other items of personal property, if any, now or hereafter owned by Seller and located on or about the Land and the Improvements (the "Tangible Personal Property"), including any and all items of Personal Property set forth in the Plans on Schedule "B" attached hereto and Specifications. made a part hereof. (g) Contracts. Seller's interest under the "Contracts" (as defined below), if any. 1 (h) Intangible Property. All intangible property (the "Intangible Property") owned by Seller and pertaining to the Land, the Improvements, or the Tangible Personal Property, including, without limitation, (i) all "yellow page" advertisements, (ii) all transferable utility contracts, (iii) (ii) all transferable telephone and telecopy numbers, numbers which pertain exclusively to the Property (not numbers which Seller or its affiliates may also use for other properties), (iii) all plans and specifications, (iv) the Plans and Specifications, (v) all licenses, permits, engineering plans and landscape plans, (vi) and (v) all assignable warranties and guarantees relating to the Property Property, as identified in Exhibits "F", "G", "H" and "I" hereto or any part thereof, and (vii) all internet websites and other internet related property rights owned by Seller and/or any affiliate thereof and relating to the Property, including the website information, paid search campaigns and local listing information listed on Exhibit "D" attached hereto. thereof. View More
Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of the following described property (herein collectively called the "Property"): (a) Land. That certain tract of land located at 1500 E. Baseline Road, Phoenix, Arizona 85042, 4836 SE Powell Blvd, Portland, OR 97206, containing approximately 1.48 acres, and being more particularly described on Exhibit "A" attached hereto and made a ...part hereof (herein, the "Land"). (b) Easements. All easements, if any, benefiting the Land or the Improvements "Improvements" (as defined in Section 1.1(d) of this Agreement). (c) Rights and Appurtenances. All rights and appurtenances pertaining to the Land, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way. rights-of‐way. (d) Improvements. All improvements and related amenities to be hereafter constructed in and on the Land by Seller in accordance with the plans and specifications set forth on Schedule "B" attached hereto and incorporated herein (the "Plans and Specifications"), to contain Land, comprising approximately 80,775 56,474 net rentable square feet of storage space space, 524 rental units, and approximately 829 rental units being commonly known as "Northwest Self Storage – Powell Blvd" (herein, the "Improvements"). (e) Leases. Seller's interest under (i) all written leases, occupancy agreements and rental agreements (collectively, the "Leases") for rental units in the Property hereafter entered into by or on behalf of Seller in accordance with the terms of this Agreement (collectively, the "Leases"), Property, including all tenant leasing files, together with all tenant security deposits held by Seller on the Closing Date "Closing Date" (as defined in Section 6.1 of this Agreement), (ii) all cellular tower leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement as more particularly described on Schedule "B" attached hereto and incorporated herein (the "Tower Leases"), and (iii) all billboard leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement as more particularly described on Schedule "C" attached hereto and incorporated herein (the "Billboard Leases"). (f) Tangible Personal Property. All appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other items of personal property, if any, property owned by Seller and located on or about the Land and the Improvements (the "Tangible Personal Property"), including any and all including, without limitation, those items of Personal Property personal property set forth in on Exhibit "D" attached hereto, and further including all on-site moving trucks, if any, listed on Exhibit "D" attached hereto (herein collectively, the Plans and Specifications. "Motor Vehicles"). (g) Contracts. Seller's interest (to the extent the same is assignable) under the "Contracts" (as defined below), if any. 1 other than the "Rejected Contracts" (as defined below). (h) Intangible Property. All intangible property (the "Intangible Property") owned by Seller and pertaining to the Land, the Improvements, or the Tangible Personal Property, including, without limitation, (i) all "yellow page" advertisements, (ii) all transferable utility contracts, (iii) all transferable telephone exchange numbers, including the telephone number 503-470-7741 and the telecopy numbers, number ______________, (iv) the Plans all plans and Specifications, specifications, (v) all licenses, permits, engineering plans and landscape plans, (vi) all assignable warranties and guarantees relating to the Property or any part thereof, and (vii) all internet websites and other internet related property rights owned by Seller and/or any affiliate thereof and relating to the Property, including and the website information, information (excluding the current domain name), paid search campaigns and local listing information listed on Exhibit "D" "G" attached hereto. View More
Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of the following described property (herein collectively called the "Property"): (a) Land. That certain tract of land located at 1500 E. Baseline 12220 East Riggs Road, Phoenix, Arizona 85042, Chandler, AZ 85249, containing approximately 8.4 acres, and being more particularly described on Exhibit "A" attached hereto and made a part ...hereof (herein, the "Land"). (b) Easements. All easements, if any, benefiting the Land or the Improvements "Improvements" (as defined in Section 1.1(d) of this Agreement). (c) Rights and Appurtenances. All rights and appurtenances pertaining to the Land, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way. rights-of‐way. (d) Improvements. All improvements and related amenities to be hereafter constructed in and on the Land by Seller in accordance with the plans and specifications set forth on Schedule "B" attached hereto and incorporated herein (the "Plans and Specifications"), to contain Land, comprising approximately 80,775 84,455 net rentable square feet of storage space with 123 RV/boat spaces and approximately 829 rental units 592 storage units, and being commonly known as "Vault Storage & RV" (herein, the "Improvements"). (e) Leases. Seller's interest under (i) all written leases, occupancy agreements and rental agreements (collectively, the "Leases") for rental units and retail spaces in the Property hereafter entered into by or on behalf of Seller in accordance with the terms of this Agreement (collectively, the "Leases"), Property, including all tenant leasing files, together with all tenant security deposits held by Seller on the Closing Date "Closing Date" (as defined in Section 6.1 of this Agreement), (ii) all cellular tower leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement as more particularly described on Schedule "B" attached hereto and incorporated herein (the "Tower Leases"), and (iii) all billboard leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement as more particularly described on Schedule "C" attached hereto and incorporated herein (the "Billboard Leases"). (f) Tangible Personal Property. All appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other items of personal property, if any, property owned by Seller and Seller, located on or about the Land and the Improvements Improvements, and used for operation or maintenance of the Property (the "Tangible Personal Property"), including any and all including, without limitation, those items of Personal Property personal property set forth in on Exhibit "D" attached hereto, and further including all on-site moving trucks, if any, listed on Exhibit "D" attached hereto (herein collectively, the Plans and Specifications. "Motor Vehicles"). (g) Contracts. Seller's interest (to the extent the same is assignable) under the "Contracts" (as defined below), if any. 1 other than the "Rejected Contracts" (as defined below). (h) Intangible Property. All intangible property (the "Intangible Property") owned by Seller and pertaining to the Land, the Improvements, or the Tangible Personal Property, including, without limitation, (i) all "yellow page" advertisements, (ii) all transferable utility contracts, (iii) all transferable telephone exchange numbers, including the telephone number (480) 895-0955 and the telecopy numbers, number (480) 895-3878, (iv) the Plans all plans and Specifications, specifications, (v) all licenses, permits, engineering plans and landscape plans, (vi) all assignable warranties and guarantees relating to the Property or any part thereof, and (vii) all internet websites and other internet related property rights owned by Seller and/or any affiliate thereof and relating to the Property, including the website information, paid search campaigns and local listing information listed on Exhibit "D" "G" attached hereto. hereto (with Seller agreeing to take the actions relating thereto as set forth in Exhibit "G"). For the avoidance of doubt, the name "Vault Storage and RV" and all internet related property referencing "Vault Storage and RV" in general, are not being sold or assigned by this Agreement. View More
Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of the following described property (herein collectively called the "Property"): (a) Land. That certain tract of land located at 1500 E. Baseline Road, Phoenix, Arizona 85042, being more particularly described on Exhibit "A" attached hereto and made a part hereof (herein, the "Land"). The Land. (b) Easements. All easements, if any, ...benefiting the Land or the Improvements (as defined in Section 1.1(d) of this Agreement). (c) Rights and Appurtenances. All rights and appurtenances pertaining to the Land, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way. (d) Improvements. All improvements and related amenities to be hereafter constructed on the Land by Seller in accordance with the plans and specifications set forth on Schedule "B" attached hereto to be hereafter prepared by Seller and incorporated herein provided to Purchaser for Purchaser's review and approval (the "Plans and Specifications"), as further described in Section 4.1(C) below, with such improvements to contain approximately 80,775 84,750 net rentable square feet of storage space and approximately 829 879 rental units (herein, the "Improvements"). 1 (e) Leases. Seller's interest under (i) all written leases, occupancy agreements and rental agreements for rental units in the Property hereafter entered into by or on behalf of Seller in accordance with the terms of this Agreement (collectively, the "Leases"), including all tenant leasing files, together with all tenant security deposits held by Seller on the Closing Date (as defined in Section 6.1 of this Agreement), (ii) all cellular tower leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Tower Leases"), and (iii) all billboard leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Billboard Leases"). Intentionally Deleted. (f) Tangible Personal Property. All appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other items of personal property, if any, now or hereafter owned by Seller and located on or about the Land and the Improvements (the "Tangible Personal Property"), including any and all items of Personal Property set forth in the Plans and Specifications. (g) Contracts. Seller's interest under the "Contracts" (as defined below), if any. 1 (h) Intangible Property. All intangible property (the "Intangible Property") owned by Seller and pertaining to the Land, the Improvements, or the Tangible Personal Property, including, without limitation, (i) all "yellow page" advertisements, (ii) all transferable utility contracts, (iii) all transferable telephone and telecopy numbers, (iv) the Plans and Specifications, (v) to the extent assignable, all licenses, permits, engineering plans and landscape plans, and (vi) all assignable warranties and guarantees relating to the Property or any part thereof, and (vii) all internet websites and other internet related property rights owned by Seller and/or any affiliate thereof and relating to the Property, including the website information, paid search campaigns and local listing information listed on Exhibit "D" attached hereto. thereof. View More
Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of the following described property (herein collectively called the "Property"): (a) Land. That certain tract of land located at 1500 E. Baseline Road, Phoenix, Arizona 85042, 10384 Riverside Drive, Palm Beach Gardens, Florida 33410, containing approximately 1.61 acres of land, and being more particularly described on Exhibit "A" at...tached hereto and made a part hereof (herein, the "Land"). (b) Easements. All easements, if any, benefiting the Land or the Improvements (as defined in Section 1.1(d) of this Agreement). (c) Rights and Appurtenances. All rights and appurtenances pertaining to the Land, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way. (d) Improvements. All improvements and related amenities to be hereafter constructed on the Land by Seller in accordance with the plans and specifications set forth on Schedule "B" attached hereto and incorporated herein (the "Plans and Specifications"), to contain approximately 80,775 77,275 net rentable square feet of storage space and approximately 829 767 rental units (herein, the "Improvements"). "Improvements"), +/- 1.5%, without change in the Purchase Price. Notwithstanding the foregoing in the event the net rentable square footage of the Improvements increases or decreases by more than 1.5% and up to 5%, the Purchase Price shall be increased or decreased, as applicable, by $245.00 per square foot for the corresponding increase or decrease of net rentable square feet from 77,275. Any increase or decrease to the square footage of the Improvements from that set forth in the Plans and Specifications shall be subject to Purchaser's prior written consent, which may be granted or withheld in Purchaser's sole discretion. (e) Leases. Seller's interest under (i) all written leases, occupancy agreements and rental agreements for rental units in the Property hereafter entered into by or on behalf of Seller in accordance with the terms of this Agreement (collectively, the "Leases"), including all tenant leasing files, together with all tenant security deposits held by Seller on the Closing Date (as defined in Section 6.1 of this Agreement), (ii) all cellular tower leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Tower Leases"), and (iii) all billboard leases relating to the Property, if any, hereafter entered into by Seller in accordance with the terms of this Agreement (the "Billboard Leases"). (f) Tangible Personal Property. All appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other items of personal property, if any, now or hereafter owned by Seller and located on or about the Land and the Improvements (the "Tangible Personal Property"), including any and all items of Personal Property set forth in the Plans and Specifications. (g) Contracts. Seller's interest under the "Contracts" (as defined below), if any. 1 (h) Intangible Property. All intangible property (the "Intangible Property") owned by Seller and pertaining to the Land, the Improvements, or the Tangible Personal Property, including, without limitation, (i) all "yellow page" advertisements, (ii) all transferable utility contracts, (iii) all transferable telephone and telecopy numbers, (iv) the Plans and Specifications, (v) all licenses, permits, engineering plans and landscape plans, (vi) all assignable warranties and guarantees relating to the Property or any part thereof, and (vii) all internet websites and other internet related property rights owned by Seller and/or any affiliate thereof and relating to the Property, including the website information, paid search campaigns and local listing information listed on Exhibit "D" "J" attached hereto. View More
