Conveyance and Possession Clause Samples
The Conveyance and Possession clause defines when and how legal ownership and physical control of a property are transferred from the seller to the buyer. Typically, this clause specifies the exact date and conditions under which the buyer will receive the deed and take physical possession, such as upon closing or after certain requirements are met. Its core function is to ensure both parties clearly understand when rights and responsibilities shift, thereby preventing disputes over access, liability, or use of the property.
POPULAR SAMPLE Copied 1 times
Conveyance and Possession. Upon each Closing, Seller shall convey to Buyer fee simple title to the Lots being conveyed at such Closing, subject to all title exceptions then affecting such Lots (except for title exceptions created by, or resulting from the acts or omissions of, Seller), and Seller shall deliver to Buyer exclusive possession of such Lots subject to existing leases.
Conveyance and Possession. Upon Closing, Seller shall convey title to the Property to Buyer, subject only to the Permitted Exceptions, and Seller shall deliver to Buyer exclusive possession of the Property.
Conveyance and Possession. 14.1 Conveyance of Assets On completion of the Closing, this Agreement ---------------------- shall, without further act or formality, operate as a transfer to the Purchaser of all Assets to be sold and purchased hereunder as the same shall be at the close of business on the Closing Date. The Vendor shall nevertheless, at the Closing and from time to time after the Closing, execute and deliver to the Purchaser all such conveyances, transfers, assignments and other instruments in writing and further assurances as the Purchaser shall reasonably require from the Vendor, and the Purchaser shall execute and deliver to the Vendor all such agreements of assumptions and other instruments in writing and further assurances as the Vendor shall reasonably require in order to give effect to the provisions of this Agreement.
Conveyance and Possession. At the Closing, Seller shall convey to Buyer a good and marketable fee simple title to the Property by executing and delivering to Buyer a transferable and recordable general warranty deed (“Deed”), subject only to Permitted Exceptions and to taxes and the installments of Approved Assessments not yet due and payable.
Conveyance and Possession. On the Closing, Seller shall convey title to the Parcel C to Buyer, subject only to the Permitted Exceptions, and Seller shall deliver to Buyer possession of the Parcel C, free of any leases, tenancies and occupancies.
Conveyance and Possession. Upon the Closing, Sellers shall convey title to the Real Properties to Buyer, subject only to the Permitted Exceptions and the Master Lease Agreements, and Seller Parties shall deliver to Buyer copies of any and all keys, access codes and information in Seller Parties’ possession or control necessary to access the Real Properties (including without limitation all Improvements).
Conveyance and Possession. At Closing, SELLER shall execute (and acknowledge, if appropriate) and deliver the following:
(a) a Statutory Warranty Deed conveying the Property to BUYER free and clear of all liens, easements, restrictions, encumbrances, and exceptions to or defects in title, except only for the Permitted Exceptions (as defined below);
(b) a Warranty ▇▇▇▇ of Sale conveying the Personal Property, if any, to BUYER;
(c) an Assignment Agreement conveying to BUYER the Owner's Interest and all related rights, with respect to the Intangible Assets, including all permits, architect and engineering agreements, construction contracts and any other agreements related to the Improvements;
(d) such documents as may be necessary to make BUYER the successor declarant on recorded restrictions which are determined to be Permitted Exceptions, including the successor declarant on any Reciprocal Easement Agreement or similar operating agreement, if any;
(e) such non-foreign person tax affidavits as may be requested by BUYER; and (f) restrictions imposed by DOE regarding the Consent Decree described in section 7.4.
Conveyance and Possession. ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ shall convey title to the Option Property to RVJ, subject only to DISTRICT’s obligations hereunder and the Permitted Exceptions, and DISTRICT shall deliver to RVJ exclusive possession of the Option Property.