Common use of Conveyances-Easements Clause in Contracts

Conveyances-Easements. (1) At the time of the registration of the Plan the Developer shall provide the Corporation with such registered easements as it may require for the Expansion Facilities and Connection Assets. The rights and easements granted above shall be for nominal consideration (i.e. $1.00), in a form satisfactory to the Corporation and title to land over which the rights and easements are granted shall be good and free from liens and encumbrance and, if required by the Corporation, the consent of the Committee of Adjustment to such rights and easements shall be obtained by the Developer. The Developer agrees to obtain postponements or discharges of any prior mortgage or mortgages on the easement given to the Corporation.

Conveyances-Easements. (1) At the time of the registration approval of the Site Plan the Developer shall provide the Corporation with such registered easements as it may require for the Expansion Facilities and Connection Assets. The rights and easements granted above shall be for nominal consideration (i.e. $1.00), in a form satisfactory to the Corporation and title to land over which the rights and easements are granted shall be good and free from liens and encumbrance and, if required by the Corporation, the consent of the Committee of Adjustment to such rights and easements shall be obtained by the Developer. The Developer agrees to obtain postponements or discharges of any prior mortgage or mortgages on the easement given to the Corporation.