Conveyance of the Project Sample Clauses

Conveyance of the Project. At the closing of the purchase of the entire or all remaining portions of the Project pursuant to this Article, the City will upon receipt of the purchase price deliver to the Company the following: (a) A release from the Trustee of the Project from the lien and/or security interest of the Indenture and this Lease and appropriate termination of financing statements as required under the Uniform Commercial Code; and (b) Documents, including without limitation a special warranty deed as to the Project Site, conveying to the Company legal title to the Project, as it then exists, in recordable form, subject to the following: (i) those liens and encumbrances, if any, to which title to the Project was subject when conveyed to the City; (ii) those liens and encumbrances created by the Company or to the creation or suffering of which the Company consented; (iii) those liens and encumbrances resulting from the failure of the Company to perform or observe any of the agreements on its part contained in this Lease; (iv) Permitted Encumbrances other than the Indenture, this Lease and the Performance Agreement; and (v) if the Project or any part thereof is being condemned, the rights and title of any condemning authority.

Conveyance of the Project. At the closing of the purchase of the Project pursuant to this Article, the City will upon receipt of the purchase price deliver to the Developer the following: (a) a release from the Trustee of the Project from the lien and/or security interest of the Indenture and this Lease and appropriate termination of financing statements as required under the Uniform Commercial Code; and (b) such other documents as reasonably necessary to effectuate the conveyance of the Project, including without limitation a termination of the Base Lease and this Lease.

Conveyance of the Project. At the closing of the purchase of the Project pursuant to this Article, the Issuer will upon receipt of the purchase price deliver to the Company the following: (a) If the Indenture shall not at the time have been satisfied in full, a release from the Trustee of the Project from the lien and/or security interest of the Indenture. (b) Documents terminating the Base Lease Agreement and Lease Agreement. The Authorized Issuer Representative is authorized to execute any and all documents necessary under this Section without any further action from the governing body of the Issuer.

Conveyance of the Project. At the closing of the purchase of the Project pursuant to this Article, the City will upon receipt of the purchase price deliver to the Corporation the following: (a) If the Indenture shall not at the time have been satisfied in full, a release from the Trustee of the Project from the lien and/or security interest of the Indenture. (b) Documents conveying to the Corporation legal title to the Project, as it then exists, subject to the following: (1) those liens and encumbrances, if any, to which title to the Project was subject when conveyed to the City; (2) those liens and encumbrances created by the Corporation or to the creation or suffering of which the Corporation consented; (3) those liens and encumbrances resulting from the failure of the Corporation to perform or observe any of the agreement on its part contained in this Lease; (4) Permitted Encumbrances other than the Indenture and this Lease; and (5) if the Project or any part thereof is being condemned, the rights and title of any condemning authority.

Conveyance of the Project. The Authority’s right and interest in and to the Project shall be transferred, conveyed and assigned by the Authority to the Town: (a) Upon payment by the Town of the then applicable Purchase Option Price and upon giving not less than thirty (30) days prior written notice to the Authority; or (b) Upon payment by the Town of all Base Rentals and Additional Rentals required to be paid under this Lease during the Original Term and each of the Renewal Terms; or (c) Upon the discharge of the lien of the Master Resolution under Article X thereof. The Authority agrees to execute such documents and instruments as shall be necessary to effect a release of the security interest granted by said Master Resolution or the Security Documents upon the payment in full of the Bonds.

Conveyance of the Project. At the closing of the purchase of the Project pursuant to this Article, the Issuer will deliver to the Tenant upon receipt of the purchase price the following: (a) If the Indenture shall not at the time have been satisfied in full, a release from the Trustee of the Project. (b) A xxxx of sale and assignment assigning and transferring to the Tenant title to the Project, as it then exists, and warranting title to be free of all liens and encumbrances, subject to the following: (i) those liens and encumbrances, if any, to which title to the Project was subject when conveyed to the Issuer; (ii) those liens and encumbrances created by the Tenant or to the creation or suffering of which the Tenant has consented to in writing (other than the Lease and Indenture); (iii) those liens and encumbrances resulting from the failure of the Tenant to perform or observe any of the agreements on their part contained in this Lease; (iv) taxes and assessments, if any, and (v) if the Project is being condemned, the rights and title of any condemning authority.

Conveyance of the Project. Section 12.1 Conveyance of the Project......................................... Section 12.2 Conveyance on Purchase of Project........................... Section 12.3 Relative Position of Option and Master Resolution..

Conveyance of the Project. At the closing of the purchase of the Project pursuant to this Article, the City will deliver to the Company upon receipt of the purchase price a special warranty deed conveying to the Company legal title to the Project, as it then exists, subject to the following: (i) those liens and encumbrances, if any, to which title to the Project was subject when conveyed to the City; (ii) those liens and encumbrances created by the Company or to the creation or suffering of which the Company has consented to in writing; (iii) those liens and encumbrances resulting from the failure of the Company to perform or observe any of the agreements on their part contained in this Lease; and (iv) if the Project is being condemned, the rights and title of any condemning authority.

Conveyance of the Project. Section 12.1. Conveyance of the Project 26 Section 12.2. Conveyance on Purchase of Project 26 Section 12.3. Relative Position of Option and Master Resolution 27

Conveyance of the Project. The Authority shall transfer all of its rights, title and interest in the Project to the County when such transfer is permitted under the Terms and Conditions, Market Waiver Agreement, and the laws of the State of Texas as may be amended from time to time. On the date of conveyance, 1) the Authority shall assign to the County its right to all warranties and guarantees which may have been made by any seller, contractor, subcontractor, materialman, supplier, engineer or architect as to the Project, and 2) the County shall assume all obligations of the Authority, including, but not limited to, the obligation to pay the Series 2012 Bonds and any other outstanding indebtedness, payable from Revenues (as defined in the Indenture).