Common use of Purchase and Sale of Property Clause in Contracts

Purchase and Sale of Property. 1. After the Conveyance Properties are determined, Seller will exercise commercially reasonable efforts to obtain quitclaim deeds from the Ultimate Sellers conveying to Seller all of the Ultimate Seller’s interest in each of the Conveyance Properties (each such deed hereinafter referred to as an “Ultimate Deed”). Buyer shall be responsible for recording fees for recording each of the Ultimate Deeds, for any and all taxes (including but not limited to current and past due property taxes, and transfer taxes on the deed), municipal, owner’s association or private liens or encumbrances, and other costs associated with each of the Conveyance Properties or the recording of each of the Ultimate Deeds.