Conditions of Conveyance Sample Clauses

Conditions of Conveyance a) The City hereby agrees to convey to the Buyer by special warranty deed (the "Deed") all of its right, title and interest in the Property. The delivery of the Deed and the closing on this conveyance ("Closing") shall occur as set forth in Paragraph 3(a) herein. b) The Buyer hereby agrees to purchase the Property from City for the sum of One Hundred and no/100ths dollars ($100.00) to be paid in accordance with Paragraph 3(a) herein, in U.S. dollars ("Purchase Price"). All payments required to be made shall be made in funds which comply with all applicable Colorado laws (“Good Funds”). c) The Buyer will obtain and pay for a current commitment for an ALTA Owner's Policy of Title Insurance for the Property from Xxxxxxx Title (“Title Company”) and copies of all documents referred to therein as exceptions ("Title Commitment"). The Title Commitment is in the amount of the Purchase Price and commits to insure fee simple title to the Property in the Buyer and to delete or insure over the standard exceptions which relate to (1) parties in possession, (2) unrecorded easements, (3) survey matters, (4) any unrecorded mechanics’ liens, (5) gap period (effective date of commitment to date Deed is recorded), and (6) unpaid taxes, assessments and unredeemed tax sales prior to the year of Closing. The Buyer agrees to take title to the Property subject to all exceptions to title disclosed by the Title Commitment (the “Permitted Exceptions”), but no other exceptions. d) Buyer agrees that the Property will be deemed to be part of the “Developer Parcel” as defined in the DRA and that the Property shall be subject to all the terms and conditions concerning the “Developer Parcel” as set forth in the final executed DRA. e) Buyer agrees to pay the entire cost of the Title Policy (as hereinafter defined) and all closing costs incurred in connection with the conveyance of the Property.
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Conditions of Conveyance. 8 SECTION 3.1 Conditions Precedent to the Conveyance ........... 8 SECTION 3.2 Conditions Precedent to all Conveyances .......... 9
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Conditions of Conveyance a. The conveyance of the Property will be effective as long as both of the following conditions are satisfied: i. The City constructs a city park, including restroom facilities and a drinking fountain, on the Property and opens it to public use within five years after the date the County executes the deed; and ii. The City, or another public entity, continues to use and maintain the Property as a public park during the 20-year period after the park is opened to public use. b. If either of the two conditions in paragraph 9.a. is violated, then the ownership of the Property will automatically revert to the County, with no requirement of re-entry by the County. i. If ownership reverts to the County, then the City shall execute and deliver a mutually acceptable document confirming the termination of the City’s ownership interest in the Property, and shall consent to that document being recorded. ii. If the City fails to deliver the document described in paragraph 9.b.i., then the County may, on its own, record a document confirming the termination of the City’s interest in the Property. c. If both of the conditions in paragraph 9.a. are satisfied, then the County’s reversionary interest will automatically terminate 20 years after the date the park is opened to public use. i. If the County’s ownership interest terminates, then the County shall execute and deliver a mutually acceptable document confirming the termination of the County’s ownership interest in the Property, and shall consent to that document being recorded. ii. If the County fails to deliver the document described in paragraph 9.c.i., then the City may, on its own, record a document confirming the termination of the County’s interest in the Property.
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Conditions of Conveyance. (a) Upon the release of any Nuclear Fuel from this Fuel Lease or upon the conveyance by Lessor of any Nuclear Fuel pursuant to the provisions of this Fuel Lease, (i) Lessor need not transfer any better title thereto or better ownership interest therein than it obtained pursuant to this Fuel Lease, (ii) all such transfers shall be without any representation or warranty of any kind, express or implied, except that Lessor shall warrant that it has not permitted any Lien, exception or restriction to attach to such Nuclear Fuel other than as contemplated by this Fuel Lease and the Basic Documents or as caused by Lessee and except that Lessor shall obtain and deliver a release of all security interests under the Collateral Agreements as to the affected Nuclear Fuel, and (iii) Lessee (or any other Person to whom title is transferred as provided herein) shall accept the same subject to all Liens, exceptions and restrictions attaching thereto, whether before or after such Nuclear Fuel became subject to this Fuel Lease (except as provided in clause (ii) above or for any resulting from any acts of Lessor, the Owner Trustee, or any Assignee, other than such acts taken pursuant to and in accordance with this Fuel Lease and the Basic Documents), and subject to all applicable laws, regulations and ordinances. (b) Whenever Lessee has the right or obligation to obtain the release of any Nuclear Fuel from this Fuel Lease pursuant to any provision hereof or whenever any Nuclear Fuel is to be conveyed to Lessee pursuant to the provisions hereof, Lessee may cause such Nuclear Fuel to be released to any other Person lawfully entitled to receive the same specified by Lessee in a notice to Lessor given at least 15 days prior to the date of such release; provided, however, that nothing specified in this subsection 18(b) shall in any way impair or affect the obligations of Lessee under this Fuel Lease; and provided further that at the time of any such release Lessee shall deliver to Lessor, the Owner Trustee, and each Assignee the undertaking of Lessee, satisfactory in form and substance to each of them, indemnifying and holding Lessor, the Owner Trustee, and each Assignee harmless from and against any loss or liability incurred by any of them by reason of such release. (c) Upon any release of any Nuclear Fuel pursuant to any right or obligation of Lessee to obtain the release of Nuclear Fuel from this Fuel Lease under any provision hereof or upon the conveyance by Lessor of any Nu...
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Conditions of Conveyance. Purchaser has been identified as a , therefore subject to the terms, conditions and clauses of this Agreement, excluding clause(s)
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Conditions of Conveyance. Within ninety-six (96) months following Close of Escrow for the Property, 11 GRANTEE shall have commenced construction on the Property for a Laguna Niguel Civic Center Complex which shall include a new City Hall and may include other City- 13 related uses. In the event GRANTEE is in breach of this condition, the fee simple title of the Property shall revert to GRANTOR without demand or further action by GRANTOR, 15 GRANTOR shall pay GRANTEE the sum of TWO MILLION FIVE-HUNDRED THOUSAND DOLLARS ($2,500,000) without interest during the period GRANTEE 17 held title to the Property, and GRANTEE shall forfeit all rights thereto. GRANTEE shall execute a quitclaim deed to XXXXXXX xxxx xxxxxx xx XXXXXXX.
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Conditions of Conveyance. The Property will be conveyed by the County to the City on the following terms and conditions: (a) In the event that (1) the Property is no longer used as a park; or (2) the City elects to abandon or fails to continue to operate a park on the Property for six (6) consecutive months, except for force majeure, then in either such event the County shall have the right to cause the Property, in whole or in part (in the County’s discretion), to revert back to the County, who thereupon may immediately re-enter and take possession of the Property free and clear of all claims, liens, or encumbrances, including any of the City. The provisions of this Paragraph shall survive the closing of the transaction contemplated by this Contract and shall be incorporated into the County Deed. (b) The fields and the parking lot located at the Property shall be included in the conveyance of the property by deed to the City. (c) The City shall not be obligated to comply with any agreements pertaining to the Property between Bay County, or any other entity, and any organizations or other groups for usage of the Property or any facility(ies) located on the Property which were made prior to the Closing Date herein. (d) The City shall be permitted to contract out services within the Property for usage and/or purposes as the City sees fit. (e) The City will continue to maintain signage acknowledging the contribution of the parking lot consistent with the requirements contained in the deed recorded at Official Records Book 1677, Page 905, Public Records of Bay County, Florida. (f) Any entitlement to federal disaster recovery funds associated with debris removal, emergency protective measures, and the repair, restoration and replacement of damaged facilities located at the Property shall be the sole property of Bay County. Any such funds shall be remitted by the City to Bay County on or before the Closing Date. After the Closing Date, the City shall be entitled to any federal disaster recovery funds associated with debris removal, emergency protective measures, and the repair, restoration and replacement of damaged facilities located at the Property, including and insurance funds, and such funds shall be the sole property of the City. (g) The City accepts the Property in its current, “as-is” condition. Any repairs to the Property shall be at the City’s expense.
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Conditions of Conveyance. The City will convey the Property, together with all improvements on the site, to the PPMPDA pursuant to a quit claim deed substantially in the form attached as Exhibit F in “AS-IS” condition, without warranties or representations of any kind. In accordance with RCW 35.21.747, the conveyance will be subject to covenants, restrictions and easements as set forth in the attached deed and easements, Exhibits G through I, to ensure the continued use of the Property for public purposes, including purposes such as low- income housing, public open space and short-term public parking.
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Conditions of Conveyance 
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Related to Conditions of Conveyance

  • CONDITIONS OF CONTRACT The contractor shall at all times observe and comply with federal and State laws, local laws, ordinances, orders, and regulations existing at the time of or enacted subsequent to the execution of this contract which in any manner affect the completion of the work. The contractor shall indemnify and save harmless the agency and all its officers, representatives, agents, and employees against any claim or liability arising from or based upon the violation of any such law, ordinance, regulation, order or decree by an employee, representative, or subcontractor of the contractor.

  • CONDITIONS OF SALE The sale is made by UNITED OVERSEAS BANK (MALAYSIA) BHD (hereinafter called “the Assignee/Bank”) in the exercise of the rights and powers conferred upon the Assignee/Bank in pursuance of the Loan Agreement Cum Assignment And Power of Attorney both dated the 28th day of April, 2011 executed by the Assignor/Borrower in favour of the Assignee/Bank and is made subject to all conditions and category of land use, expressed or implied or imposed upon or relating to or affecting the Property and subject to the terms and conditions contained herein.

  • Conditions of Parties Obligations 7.1 Conditions of Investor's Obligations at the Closing. The --------------------------------------------------- obligation of Investor to purchase and pay for the Investor Stock is subject to the fulfillment prior to or on the Closing Date of the following conditions, any of which may be waived in whole or in part by Investor:

  • Conditions of Closing The Closing shall be held at the offices of the Investor or its counsel. The obligations of the Placement Agent hereunder shall be subject to the continuing accuracy of the representations and warranties of the Company and the Investor herein as of the date hereof and as of the Date of Closing (the "Closing Date") with respect to the Company or the Investor, as the case may be, as if it had been made on and as of such Closing Date; the accuracy on and as of the Closing Date of the statements of the officers of the Company made pursuant to the provisions hereof; and the performance by the Company and the Investor on and as of the Closing Date of its covenants and obligations hereunder and to the following further conditions: A. Upon the effectiveness of a registration statement covering the Standby Equity Distribution Agreement, the Investor and the Placement Agent shall receive the opinion of Counsel to the Company, dated as of the date thereof, which opinion shall be in form and substance reasonably satisfactory to the Investor, their counsel and the Placement Agent. B. At or prior to the Closing, the Investor and the Placement Agent shall have been furnished such documents, certificates and opinions as it may reasonably require for the purpose of enabling them to review or pass upon the matters referred to in this Agreement and the Offering Materials, or in order to evidence the accuracy, completeness or satisfaction of any of the representations, warranties or conditions herein contained. C. At and prior to the Closing, (i) there shall have been no material adverse change nor development involving a prospective change in the condition or prospects or the business activities, financial or otherwise, of the Company from the latest dates as of which such condition is set forth in the Offering Materials; (ii) there shall have been no transaction, not in the ordinary course of business except the transactions pursuant to the Securities Purchase Agreement entered into by the Company on the date hereof which has not been disclosed in the Offering Materials or to the Placement Agent in writing; (iii) except as set forth in the Offering Materials, the Company shall not be in default under any provision of any instrument relating to any outstanding indebtedness for which a waiver or extension has not been otherwise received; (iv) except as set forth in the Offering Materials, the Company shall not have issued any securities (other than those to be issued as provided in the Offering Materials) or declared or paid any dividend or made any distribution of its capital stock of any class and there shall not have been any change in the indebtedness (long or short term) or liabilities or obligations of the Company (contingent or otherwise) and trade payable debt; (v) no material amount of the assets of the Company shall have been pledged or mortgaged, except as indicated in the Offering Materials; and (v) no action, suit or proceeding, at law or in equity, against the Company or affecting any of its properties or businesses shall be pending or threatened before or by any court or federal or state commission, board or other administrative agency, domestic or foreign, wherein an unfavorable decision, ruling or finding could materially adversely affect the businesses, prospects or financial condition or income of the Company, except as set forth in the Offering Materials. D. If requested at Closing the Investor and the Placement Agent shall receive a certificate of the Company signed by an executive officer and chief financial officer, dated as of the applicable Closing, to the effect that the conditions set forth in subparagraph (C) above have been satisfied and that, as of the applicable closing, the representations and warranties of the Company set forth herein are true and correct. E. The Placement Agent shall have no obligation to insure that (x) any check, note, draft or other means of payment for the Common Stock will be honored, paid or enforceable against the Investor in accordance with its terms, or (y) subject to the performance of the Placement Agent's obligations and the accuracy of the Placement Agent's representations and warranties hereunder, (1) the Offering is exempt from the registration requirements of the 1933 Act or any applicable state "Blue Sky" law or (2) the Investor is an Accredited Investor.

  • Conditions to Obligations of Company The obligation of Company to effect the Merger is also subject to the satisfaction or waiver by Company at or prior to the Effective Time of the following conditions:

  • Conditions to Obligations of Parent The obligation of Parent to effect the Merger is also subject to the satisfaction, or waiver by Parent, at or prior to the Effective Time, of the following conditions:

  • Conditions to Obligations of Seller The obligations of Seller to consummate the transactions contemplated by this Agreement shall be subject to fulfillment at or prior to the Closing of the following conditions (any one or more of which may be waived in whole or in part by Seller):

  • Conditions to Obligations of Buyer and Seller The obligations of Buyer and Seller to complete the transactions contemplated by this Agreement are subject to the satisfaction at or prior to the Closing of the following conditions:

  • Conditions to Obligations of the Purchaser The obligations of the Purchaser to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or written waiver, at or prior to the Closing, of each of the following conditions:

  • SPECIAL CONDITIONS OF CONTRACT The following Special Conditions of Contract (SCC) shall supplement and/or amend the General Conditions of Contract (GCC).Whenever there is a conflict, the provisions herein shall prevail over those in the GCC.

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