Common use of Delivery by Seller to Purchaser Clause in Contracts

Delivery by Seller to Purchaser. At the Closing, Seller will properly execute and deliver to Purchaser the following: (a) A limited warranty deed, naming as Grantee therein the BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA, and conveying to Purchaser good, marketable and insurable fee simple title to the Property, free and clear of all Title Defects, except the Permitted Title Exceptions and any Title Defects which Purchaser has waived by written notice to Seller. Marketability will be determined in accordance with Georgia law and the State Bar of Georgia Title Standards. (b) An owner's affidavit executed by Seller or the appropriate representative of Seller in a form satisfactory to Purchaser and sufficient to enable Purchaser to have deleted from its policy of title insurance any exception for unfiled mechanics' and materialmens' liens and to permit the issuance at the Closing of the title insurance policy referred to in the provision numbered 9.1 hereof. (c) Such resolutions or other documents as Purchaser will reasonably request to evidence and to confirm Xxxxxx's power and authority to execute and deliver this Agreement and all of the agreements, instruments and documents contemplated herein to be executed and delivered by Xxxxxx. (d) State of Georgia Real Estate Transfer Tax Declarations in the form required by Georgia law. (e) Cancelled originals of all notes or other evidence of indebtedness for which the Property were pledged or deeded as security and quitclaim deeds executed by and releasing all the interest in and claims to the Property of any lenders or mortgagees. (f) All other quitclaims, releases, agreements, affidavits and other documents, all appropriately executed, necessary to enable Purchaser to comply with all commitment requirements and to have deleted from its policy of title insurance all exceptions for Title Defects, except the Permitted Title Exceptions and any Title Defects which Purchaser has waived by written notice to Seller. (g) Any applicable IRS forms such as Forms 1099 and 8283.

Appears in 3 contracts

Samples: Option for the Purchase of Improved Real Property, Option Agreement, Option for the Purchase of Improved Real Property

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Delivery by Seller to Purchaser. At the Closing, Seller will properly execute and deliver to Purchaser the following: (a) A limited general warranty deed, naming as Grantee therein the BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA, and conveying to Purchaser good, marketable and insurable fee simple title to the Property, free and clear of all Title Defects, except the Permitted Title Exceptions and any Title Defects which Purchaser has waived by written notice to Seller. Marketability will be determined in accordance with Georgia law and the State Bar of Georgia Title Standards. (b) An owner's affidavit executed by Seller or the appropriate representative of Seller in a form satisfactory to Purchaser and sufficient to enable Purchaser to have deleted from its policy of title insurance any exception for unfiled mechanics' and materialmens' liens and to permit the issuance at the Closing of the title insurance policy referred to in the provision numbered 9.1 hereof. (c) Such resolutions or other documents as Purchaser will reasonably request to evidence and to confirm Xxxxxx's power and authority to execute and deliver this Agreement and all of the agreements, instruments and documents contemplated herein to be executed and delivered by Xxxxxx. (d) State of Georgia Real Estate Transfer Tax Declarations in the form required by Georgia law. (e) Cancelled originals of all notes or other evidence of indebtedness for which the Property were pledged or deeded as security and quitclaim deeds executed by and releasing all the interest in and claims to the Property of any lenders or mortgagees. (f) All other quitclaims, releases, agreements, affidavits and other documents, all appropriately executed, necessary to enable Purchaser to comply with all commitment requirements and to have deleted from its policy of title insurance all exceptions for Title Defects, except the Permitted Title Exceptions and any Title Defects which Purchaser has waived by written notice to Seller. (g) Any applicable IRS forms such as Forms 1099 and 8283.

Appears in 2 contracts

Samples: Option for the Purchase of Improved Real Property, Option for the Purchase of Improved Real Property

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Delivery by Seller to Purchaser. At the Closing, Seller will properly execute and deliver to Purchaser the following: (a) i. A limited warranty deed, dated as of the Closing Date, naming as Grantee therein the BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIAgrantee Xxxx County, Georgia, and conveying to Purchaser good, marketable and insurable fee simple title Marketable Title to the PropertyBargain and Sale Tract, free as provided in Sections 1.0 and clear of all Title Defects, except the Permitted Title Exceptions and any Title Defects which Purchaser has waived by written notice to Seller. Marketability will be determined in accordance with Georgia law and the State Bar of Georgia Title Standards6.0 above. (b) ii. An Option Agreement, as provided in Section 3.0 b of this Agreement; iii. An access easement to the Bargain and Sale Tract, as provided in Section 27.0 of this Agreement. iv. An owner's affidavit and such other documents executed by Seller or the appropriate representative of Seller in a form satisfactory to Purchaser and sufficient to enable Purchaser to have deleted from its policy of title insurance any exception for unfiled mechanics' and materialmensmaterialman’s' liens and to permit the issuance at the Closing of the title insurance policy referred to in the provision numbered 9.1 Section 6.0 hereof. (c) v. Such resolutions or other documents as Purchaser will may reasonably request to evidence and to confirm XxxxxxSeller's power and authority to execute and deliver this Agreement and all of the agreements, instruments and documents contemplated herein to be executed and delivered by XxxxxxSeller. (d) State of Georgia Real Estate Transfer Tax Declarations in the form required by Georgia law. (e) Cancelled originals of all notes or other evidence of indebtedness for which the Property were pledged or deeded as security and quitclaim deeds executed by and releasing all the interest in and claims to the Property of any lenders or mortgagees. (f) vi. All other quitclaimsquitclaim deeds, releases, agreements, affidavits and other documents, all appropriately executed, reasonably necessary to enable Purchaser to comply with all commitment requirements and to have deleted from its policy of title insurance all exceptions for Title Defects, except the Permitted Title Exceptions and any Title Defects which Purchaser has waived by written notice to Sellerwaived, as provided herein. (g) vii. Any applicable IRS forms such as Forms 1099 and 8283. viii. A lien waiver executed by Seller’s broker confirming that such broker waives, releases, and fully discharges any and all liens, claims of lien, or any rights, power or interest that broker has with respect to the Property pursuant to O.C.G.A. Sections 00-00-000, et seq. or otherwise.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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