Common use of Delivery of Title and Possession Clause in Contracts

Delivery of Title and Possession. Seller shall furnish at Seller’s expense, and shall execute and deliver at Closing, a deed conveying the Property to Buyer, subject to the Permitted Exceptions and excluding all Minerals. The Property shall be conveyed by Trustee’s Special Warranty Deed limited to the xxxx Xxxxxx was in title and limited to the lesser of the net proceeds received by Seller for the Property or the assets in the trust at the time the claim is conclusively determined. Delivery of possession of the Property to Buyer shall be effective as of the completion of the Closing.

Appears in 3 contracts

Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement

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Delivery of Title and Possession. Seller shall furnish at Seller’s expense, and shall execute and deliver at Closing, a deed conveying the Property to Buyer, subject to the Permitted Exceptions and excluding all Minerals. The Property shall be conveyed by Trustee’s Special Warranty Deed limited to the xxxx Xxxxxx was in title and limited to the lesser of the net proceeds received by Seller for the Property or the assets in the trust at the time the claim is conclusively determined. Delivery of possession of the Property to Buyer shall be effective as of the completion of the Closing.Closing except as otherwise provided in Addendum A.

Appears in 1 contract

Samples: Purchase Agreement

Delivery of Title and Possession. Seller shall furnish at Seller’s expense, and shall execute and deliver at Closing, a deed Special Warranty Deed conveying the Property to BuyerBuyer (subject to the Permitted Exceptions, and LESS AND EXCEPT the Minerals); provided, however, if the Seller Financing Option applies, the deed shall be delivered in accordance with terms of the Contract for Deed executed at Closing. Possession of the Property shall be delivered to Buyer effective upon completion of the Closing, subject to the Permitted Exceptions and excluding all Minerals. The Property shall be conveyed by Trustee’s Special Warranty Deed limited to the xxxx Xxxxxx was in title other terms and limited to the lesser conditions of the net proceeds received by Seller for the Property or the assets in the trust at the time the claim is conclusively determined. Delivery of possession of the Property to Buyer shall be effective as of the completion of the Closingthis Agreement.

Appears in 1 contract

Samples: Agreement to Purchase

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Delivery of Title and Possession. Seller shall furnish at Seller’s expense, and shall execute and deliver at Closing, a deed Warranty Deed (with customary trustee provisions) conveying the Property to Buyer, subject to the Permitted Exceptions and excluding all Minerals. The Property shall be conveyed by Trustee’s Special Warranty Deed limited to the xxxx Xxxxxx was in title and limited to the lesser of the net proceeds received by Seller for the Property or the assets in the trust at the time the claim is conclusively determined. Delivery of possession of the Property to Buyer shall be effective as of the completion of the ClosingClosing or January 1, 2021, whichever is later.

Appears in 1 contract

Samples: Purchase Agreement

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