Common use of Conveyance of Other Property Clause in Contracts

Conveyance of Other Property. Assignor hereby conveys, sells, transfers, assigns and delivers to and vests in Assignee, its successors and assigns all of Assignor's right, title and interest in and to the following (collectively the "Personal Property"): (a) all furnishings, furniture, equipment, supplies and other personal property owned by Assignor, used or usable in connection with the Project and located on or in the Project; (b) all licenses, permits, consents, authorizations, approvals and certificates of any regulatory, administrative or other governmental agency or body, if any, issued to or held by Assignor and related to the ownership of the Project, to the extent transferable; (c) all deposits and escrowed amounts with holder of any indebtedness of Assignor which encumbers the Project, prepaid rentals under the Tenant Leases, cash, accounts and notes receivable, and all other miscellaneous deposits, receivables and prepaid expenses (including, without limitation, prepaid insurance premiums) related to the ownership or operation of the Project; (d) all transferable guaranties, warranties and other intangible rights pertaining to the Project, or any part thereof including, without limitation, all transferable guaranties, and warranties relating to the construction of the Project including all rights under architects and construction contracts; (e) all books of accounts, customer lists, files, papers and records relating to the Project or Assignor's business with respect thereto; and (f) the right to use the name "_____________________." Assignor warrants to Assignee that it has good title to the Personal Property (other than the right to use the name "__________________") free and clear of all mortgages, pledges, liens, security interests, encumbrances and restrictions.

Appears in 9 contracts

Samples: Purchase Agreement (Associated Estates Realty Corp), Purchase Agreement (Associated Estates Realty Corp), Purchase Agreement (Associated Estates Realty Corp)

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