Property Sold and Conveyed Sample Clauses

Property Sold and Conveyed. “AS IS.” Developer specifically acknowledges that the City is selling and Developer is purchasing the Subject Property on an “AS IS”, “WHERE IS” and “WITH ALL FAULTS” basis and that Developer is not relying on any representations or warranties of any kind whatsoever, express or implied, from City, its employees, board members, agents, or brokers as to any matters concerning the Subject Property. The City makes no representations or warranties as to any matters concerning the Subject Property, including without limitation: (i) the quality, nature, adequacy and physical condition of the Subject Property or the improvements (if any) located thereon, including, but not limited to, the structural elements, foundation, roof, appurtenances, access, landscaping, parking facilities, and the electrical, mechanical, HVAC, plumbing, sewage, and utility systems, facilities and appliances, (ii) the quality, nature, adequacy, and physical condition of soils, geology and any groundwater, (iii) the existence, quality, nature, adequacy and physical condition of utilities serving the Subject Property, (iv) the development potential of the Subject Property, and the use, habitability, merchantability, or fitness, suitability, value or adequacy of the Subject Property for any particular purpose, (v) the zoning or other legal status of the Subject Property or any other public or private restrictions on use of the Subject Property, (vi) the compliance of the Subject Property or its operation with any Environmental Laws, covenants, conditions and restrictions of any governmental or quasi-governmental entity or of any other person or entity, (vii) the presence or removal of Hazardous Material, substances or wastes on, under or about the Subject Property or the adjoining or neighboring property; (viii) the quality of any labor and materials used in any improvements on the Subject Property, (ix) the condition of title to the Subject Property, (x) the leases, service contracts, or other agreements (if any) affecting the Subject Property, or (xi) the economics of the operation of the Subject Property.
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Related to Property Sold and Conveyed

  • Title to Purchased Assets Seller has good and valid title to, or a valid leasehold interest in, all of the Purchased Assets. All such Purchased Assets (including leasehold interests) are free and clear of Encumbrances except for the following (collectively referred to as “Permitted Encumbrances”):

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  • Purchased Assets Subject to the terms and conditions of this Agreement, at the Closing, each Seller shall sell, convey, assign, transfer and deliver to the Buyer, and the Buyer shall purchase, free and clear of all Encumbrances, all right, title and interest of such Seller in and to the following Assets (collectively, the “Purchased Assets”):

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