Common use of Partial Conveyance Resulting from Partition Clause in Contracts

Partial Conveyance Resulting from Partition. Upon any conveyance under Section 2.4 hereof to the County, the Corporation and the Trustee shall execute and deliver to the County all necessary documents assigning, transferring and conveying all interest in the County Facilities by an instrument terminating the Base Lease and this Facilities Agreement with respect to the County Facilities and quit claim or special warranty deed, as the case may be, in the form as mutually agreed to by the Trustee, the Corporation and the County, subject to the following: (i) Permitted Encumbrances, other than this Facilities Agreement and the Trust Agreement; (ii) all liens, encumbrances and restrictions created or suffered to exist by the County, the Corporation and the Trustee as required or permitted by this Facilities Agreement or the Trust Agreement or arising as a result of any action taken or permitted to be taken by the County, the Corporation or the Trustee as required or permitted by this Facilities Agreement or the Trust Agreement; and (iii) any lien or encumbrance created by action of the County. Neither the Trustee nor the Corporation shall be responsible for the recordation of any deed or other instrument for such purposes, and the County shall be responsible for the recordation of any such deed or other instrument for such purposes. Upon any conveyance under Section 2.4 hereof to the Corporation, the County shall execute and deliver to the Corporation and the Trustee all necessary documents assigning, transferring and conveying all interest in the Corporation Facilities by an instrument terminating this Facilities Agreement with respect to the Corporation Facilities and quit claim or special warranty deed, as the case may be, in the form as mutually agreed to by the Trustee, the Corporation and the County, subject to the following: (i) Permitted Encumbrances, other than this Facilities Agreement and the Trust Agreement; (ii) all liens, encumbrances and restrictions created or suffered to exist by the County, the Corporation and the Trustee as required or permitted by this Facilities Agreement or the Trust Agreement or arising as a result of any action taken or permitted to be taken by the County, Corporation or the Trustee as required or permitted by this Facilities Agreement or the Trust Agreement; (iii) any lien or encumbrance created by action of the County; and (iv) the Base Lease. The County shall not be responsible for the recordation of any deed or other instrument to the Trustee or the Corporation for such purposes and the Corporation shall be responsible for the recordation of any such deed or other instrument for such purposes.

Partial Conveyance Resulting from Partition. Upon any conveyance under Section 2.4 hereof to the County, the Corporation and the Trustee shall execute and deliver to the County all necessary documents assigning, transferring and conveying all interest in the County Facilities by an instrument terminating the Sub-Base Lease and this Facilities Agreement with respect to the County Facilities and quit claim or special warranty deed, as the case may be, in the form as mutually agreed to by the Trustee, the Corporation and the County, subject to the following: (i) Permitted Encumbrances, other than this Facilities Agreement and the Trust Agreement; (ii) all liens, encumbrances and restrictions created or suffered to exist by the County, the Corporation and the Trustee as required or permitted by this Facilities Agreement or the Trust Agreement or arising as a result of any action taken or permitted to be taken by the County, the Corporation or the Trustee as required or permitted by this Facilities Agreement or the Trust Agreement; and (iii) any lien or encumbrance created by action of the County. Neither the Trustee nor the Corporation shall be responsible for the recordation of any deed or other instrument for such purposes, and the County shall be responsible for the recordation of any such deed or other instrument for such purposes. Upon any conveyance under Section 2.4 hereof to the Corporation, the County shall execute and deliver to the Corporation and the Trustee all necessary documents assigning, transferring and conveying all interest in the Corporation Facilities by an instrument terminating this Facilities Agreement with respect to the Corporation Facilities and quit claim or special warranty deed, as the case may be, in the form as mutually agreed to by the Trustee, the Corporation and the County, subject to the following: (i) Permitted Encumbrances, other than this Facilities Agreement and the Trust Agreement; (ii) all liens, encumbrances and restrictions created or suffered to exist by the County, the Corporation and the Trustee as required or permitted by this Facilities Agreement or the Trust Agreement or arising as a result of any action taken or permitted to be taken by the County, Corporation or the Trustee as required or permitted by this Facilities Agreement or the Trust Agreement; (iii) any lien or encumbrance created by action of the County; and (iv) the Sub-Base Lease. The County shall not be responsible for the recordation of any deed or other instrument to the Trustee or the Corporation for such purposes and the Corporation shall be responsible for the recordation of any such deed or other instrument for such purposes.

Partial Conveyance Resulting from Partition. Upon any conveyance under Section 2.4 hereof to the CountyCity, the Corporation and the Trustee Purchaser shall execute and deliver to the County City all necessary documents assigning, transferring and conveying all interest in the County City Facilities by an instrument terminating the Base Lease and this Facilities Agreement with respect to the County City Facilities and quit claim or special warranty deed, as the case may be, in the form as mutually agreed to by the TrusteePurchaser, the Corporation and the CountyCity, subject to the following: (i) Permitted Encumbrances, other than this Facilities Agreement and the Trust AgreementIndenture; (ii) all liens, encumbrances and restrictions created or suffered to exist by the CountyCity, the Corporation and the Trustee Purchaser as required or permitted by this Facilities Agreement or the Trust Agreement Indenture or arising as a result of any action taken or permitted to be taken by the CountyCity, the Corporation or the Trustee Purchaser as required or permitted by this Facilities Agreement or the Trust AgreementIndenture; and (iii) any lien or encumbrance created by action of the CountyCity. Neither the Trustee Purchaser nor the Corporation shall be responsible for the recordation of any deed or other instrument for such purposes, and the County City shall be responsible for the recordation of any such deed or other instrument for such purposes. Upon any conveyance under Section 2.4 hereof to the Corporation, the County City shall execute and deliver to the Corporation and the Trustee Purchaser all necessary documents assigning, transferring and conveying all interest in the Corporation Facilities by an instrument terminating this Facilities Agreement with respect to the Corporation Facilities and quit claim or special warranty deed, as the case may be, in the form as mutually agreed to by the TrusteePurchaser, the Corporation and the CountyCity, subject to the following: (i) Permitted EncumbrancesEncumbrance, other than this Facilities Agreement and the Trust AgreementIndenture; (ii) all liens, encumbrances and restrictions created or suffered to exist by the CountyCity, the Corporation and the Trustee Purchaser as required or permitted by this Facilities Agreement or the Trust Agreement Indenture or arising as a result of any action taken or permitted to be taken by the CountyCity, Corporation or the Trustee Purchaser as required or permitted by this Facilities Agreement or the Trust AgreementIndenture; (iii) any lien or encumbrance created by action of the CountyCity; and (iv) the Base Lease. The County shall not be responsible for the recordation of any deed or other instrument to the Trustee or the Corporation for such purposes and the Corporation shall be responsible for the recordation of any such deed or other instrument for such purposes.