Common use of Conveyance of Properties Clause in Contracts

Conveyance of Properties. On the terms and subject to the conditions set forth in this Agreement, at Closing, as hereinafter defined, Seller shall sell, convey and assign to Buyer, and Buyer shall buy and accept from Seller, subject to the Permitted Encumbrances, as hereinafter defined, the nineteen (19) properties (individually a "Property" and collectively the "Properties") more particularly described on Schedule 1, attached hereto, including: (a) good and indefeasible title in fee simple to the land ("Land") on which each Property is located, together with all rights and interests appurtenant thereto, including Seller's right, title, and interest in and to all (i) adjacent streets, alleys, rights-of-way and any adjacent strips or gores of real estate; (ii) buildings, structures and other improvements located on the Land ("Improvements"); (iii) the equipment and other tangible property owned by Seller and located in and used in connection with the ownership, maintenance and operation of the Properties other than items bearing the trade names or trade dress of Seller ("Personal Property"); and (b) All (i) plans, drawings, specifications, surveys, and other technical descriptions ("Plans and Specifications"), (ii) warranties ("Warranties"), and (iii) assignable licenses or permits including certificates of occupancy ("Licenses").

Conveyance of Properties. On the terms and subject to the conditions set forth in this Agreement, at Closing, as hereinafter defined, each Seller shall sell, convey and assign to Buyer, and Buyer shall buy and accept from each Seller, subject to the Permitted Encumbrances, as hereinafter defined, the nineteen seventeen (1917) properties (individually individually, a "Property" and collectively collectively, the "Properties") more particularly described set forth opposite such Seller's name on Schedule 1, attached heretohereto including, includingwith respect to each Property: (a) good and indefeasible title in fee simple to the parcel of land on which a restaurant is located (the "Land") on which each Property is located), together with all rights and interests appurtenant thereto, including the Seller's (i) right, title, and interest interest, if any, in and to all (i) adjacent streets, alleys, rights-of-way and any adjacent strips or gores of real estate; and (ii) seller's right, title and interest in and to all buildings, structures and other improvements located on the Land ("Improvements"); (iii) the equipment and other tangible property owned by Seller and located in and used in connection with the ownership, maintenance and operation of the Properties other than items bearing the trade names or trade dress of Seller ("Personal Property"); and; (b) All all (i) available and existing plans, drawings, specifications, surveys, and other technical descriptions ("Plans and Specifications"), (ii) assignable warranties ("Warranties"), and (iii) assignable licenses or permits including certificates of occupancy ("Licenses"); and (c) all of Seller's interest as lessor in the lease demising space in each Property, (including all amendments, if any) ("Lease"), and the security deposit ("Deposit"), if any, made by tenant ("Tenant") holding under the Lease.