Conveyance and Transfer Clause Samples
The "Conveyance and Transfer" clause defines the process by which ownership or interest in property is formally transferred from one party to another. Typically, this clause outlines the necessary documents, such as deeds or assignments, that must be executed and delivered to effectuate the transfer, and may specify the timing and conditions under which the transfer occurs. Its core function is to ensure that the legal title or rights to the property are properly and unambiguously passed to the recipient, thereby preventing disputes over ownership and clarifying the parties' obligations in the transaction.
Conveyance and Transfer. 2.1 In consideration of the payment mentioned in Schedule F, the Owner and the Promoter:
(A) hereby sell convey and/or transfer, absolutely and forever, to the Purchaser the Said Apartment Unit no. [ ] having carpet area of [ ] square feet and having [ ] square feet of super built-up area, type [ ], on [ ] floor in the Building (“Unit”) along with [ ] number of garage/covered car parking space bearing nos. [ ]in the [ ]together with undivided proportionate share in the Common Areas and together with undivided proportionate share in the land comprised in the Said Premises(morefully described in Schedule “C” herein and hereinafter referred to as the said Apartment);and
(B) hereby grant a perpetual and non-exclusive right to use and enjoy the Common Areas in common with all the other Unit Owners; free from all encumbrances, trusts, liens, lispendens, mortgages, charges and attachments whatsoever with freehold title and all benefits and rights hereby granted to the Purchaser, subject further to the observance and performance by the Purchaser of all the terms and conditions of the management, administration and maintenance of the Common Areas and subject further to the Purchaser paying and discharging all rates, taxes, impositions, outgoings relating to the period from the date of its possession and/or the deemed date of possession, as the case may be, wholly with respect to the said Apartment and proportionately with respect to the Common Areas.
2.2 The term ‘the said Apartment’ wherever used in this Deed shall include all the properties and rights mentioned in Clause 2.1 hereinabove which are being hereby sold and/or granted, unless contrary to the context and it is expressly made clear that the same constitute one residential unit.
2.3 AND IT IS HEREBY EXPRESSLY AGREED AND MADE CLEAR that the payments paid by the Purchaser includes the cost of prorata share in the common areas as defined under the West Bengal Industry Regulation Act 2017 (ACT) and as such upon formation of the Association the prorata share of the Purchaser into or upon the common areas hereby sold and transferred in favour of the Purchaser shall stand transferred and/or vested in the Association upon formation without any further act deed or thing as provided under the provisions of Section 17 of the West Bengal Industry Regulation Act 2017 and until then the Purchaser shall hold the same in trust for such Association.
2.4 The right of the Purchaser shall be restricted to the Said Apartment ...
Conveyance and Transfer. ET agrees to convey and transfer the Property to Genesis and Genesis agrees to acquire and accept the Property from ET in accordance with the terms hereof.
Conveyance and Transfer. On the Sale Date, subject to, and upon the terms and conditions of this Agreement, Seller shall sell, transfer, assign and deliver to Purchaser, and Purchaser shall purchase, all right, title and interest in and to the Mortgage Loans as well as all remittances and other payments (other than Monthly Payments due on or before the Cut-Off Date) received by Servicer in connection with such Mortgage Loans after the Cut-Off Date.
Conveyance and Transfer. Seller may convey real property to Buyer by Special/General Warranty Deed (indicate which) subject to (1) taxes for the year of closing and subsequent years; (2) zoning and/or restrictions and prohibitions imposed by governmental authority; (3) restrictions and other matters appearing on the plat and/or common to the subdivision;
Conveyance and Transfer. The Member Towns shall provide a 99-year lease for $1 to convey certain real property, personal property, equipment and other assets to the Partnership (including property and assets to establish the Common Partnership System) by or on the Effective Date and in accordance with an agreement entitled, “Agreement to Convey Real Property and Transfer Assets”, or any other arrangements, both attached hereto as Exhibit H.
Conveyance and Transfer. The parties hereto agree that the purchase and sale of the Interests shall be effected by bills of sale, stock powers, endorsements, deeds, assignments and other instruments of transfer, all in such form as may be reasonably requested to vest in the Buyer ownership of the Interests.
Conveyance and Transfer. Seller agrees to sell the real estate and the property, if any, described above at the price and terms set forth herein, and to convey or cause to be conveyed to Buyer or nominee title thereto by a recordable corporate deed, subject only to:
▇. ▇▇▇▇▇▇▇▇▇, conditions and restrictions of record;
B. Private, public and utility easements and roads and highways, if any;
C. Special taxes or assessments for improvements not yet completed;
D. Any unconfirmed special tax or assessment;
E. Installments not due at the date hereof of any special tax or assessment for improvements heretofore completed; and
F. General taxes for the years 2022 and subsequent years. At the closing, the Buyer shall do the following:
A. Pay the portion of the purchase price due at the closing. DRAFT: Non-Executable
B. Deliver to the Seller either at the closing or from time to time after the closing such documents, instruments, or confirmations as are reasonably required to carry out the provisions of this agreement.
Conveyance and Transfer. Each of the Member Towns shall enter into a ground lease with the Partnership for a term of no more than ninety-nine (99) years for nominal consideration of One Dollar ($1.00) to lease certain real property, personal property, equipment and other assets to the Partnership (including property and assets to establish the Common Partnership System) for the wastewater treatment plant site and effluent recharge sites, and to grant non-exclusive perpetual easements for sewer purposes to the Partnership by or on the Effective Date and in accordance with an agreement entitled, “Agreement to Convey Real Property and Transfer Assets”, or any other arrangements, both attached hereto as Appendix E on their respective properties as follows: Town of ▇▇▇▇▇▇
▇. 120 ▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Road, shown on Assessor’s Map 165 as Lot 1-for wastewater treatment plant site and effluent recharge;
Conveyance and Transfer. On each Sale Date, subject to the terms and conditions of this Agreement, the applicable Seller or Sellers shall sell, transfer, assign and deliver to Purchaser, without recourse and Purchaser shall purchase, all right, title and interest in and to the Mortgage Loans, exclusive of the related servicing rights. As of each Sale Date, the Purchaser shall own and be entitled to receive with respect to each Mortgage Loan purchased on such Sale Date all Monthly Payments and all other recoveries of principal and interest due after the applicable Cut-Off Date, subject to the rights of the Servicer in accordance with the terms of the Servicing Agreement to the Servicing Fees and reimbursement for certain costs, expenses, and advances incurred or made pursuant thereto. All such amounts that are collected after the applicable Cut-Off Date through and including the related Sale Date, shall be held and remitted by the Servicer, in accordance with the terms of the Servicing Agreement.
Conveyance and Transfer. 3 SECTION 2.07