Common use of Quitclaim of Interest upon Termination Clause in Contracts

Quitclaim of Interest upon Termination. Upon execution of this Lease, Tenant shall execute, acknowledge, and deliver to County, within thirty (30) days a good and sufficient deed, in a form as approved by the Chief Real Estate Officer, whereby all right, title, and interest of Tenant in the Premises is quitclaimed to County (“Quitclaim Deed”). The Quitclaim Deed shall be retained by the Chief Real Estate Officer for the Term and shall be recorded in the event of the termination of this Lease for any reason to remove any cloud on title created by this Lease.

Appears in 4 contracts

Samples: Ground Lease, Ground Lease, Option Agreement

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Quitclaim of Interest upon Termination. Upon execution of this Lease, Tenant shall execute, acknowledge, and deliver to County, within thirty (30) days a good and sufficient deed, in a form as approved by the Chief Real Estate Officer, whereby all right, title, and interest of Tenant in the Premises is quitclaimed to County ("Quitclaim Deed"). The Quitclaim Deed shall be retained by the Chief Real Estate Officer for the Term and shall be recorded in the event of the termination of this Lease for any reason to remove any cloud on title created by this Lease.

Appears in 2 contracts

Samples: Ground Lease, Ground Lease

Quitclaim of Interest upon Termination. Upon execution of this Lease, Tenant Xxxxxx shall execute, acknowledge, and deliver to County, within thirty (30) days a good and sufficient deed, in a form as approved by the Chief Real Estate Officer, whereby all right, title, and interest of Tenant Xxxxxx in the Premises is quitclaimed to County (“Quitclaim Deed”). The Quitclaim Deed shall be retained by the Chief Real Estate Officer for the Term and shall be recorded in the event of the termination of this Lease for any reason to remove any cloud on title created by this Lease.

Appears in 1 contract

Samples: Option Agreement

Quitclaim of Interest upon Termination. Upon execution of this Lease, Tenant shall execute, acknowledge, and deliver to CountyDistrict, within thirty (30) days a good and sufficient deed, in a form as approved by the Chief Real Estate Officer, whereby all right, title, and interest of Tenant in the Premises is quitclaimed to County District (“Quitclaim Deed”). The Quitclaim Deed shall be retained by the Chief Real Estate Officer for the Term and shall be recorded in the event of the termination of this Lease for any reason to remove any cloud on title created by this Lease.

Appears in 1 contract

Samples: Ground Lease

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Quitclaim of Interest upon Termination. Upon execution of this Lease, Tenant shall execute, acknowledge, and deliver to CountyDistrict, within thirty (30) days a good and sufficient deed, in a form as approved by the Chief Real Estate Officer, whereby all right, title, and interest of Tenant in the Premises is quitclaimed to County District (“Quitclaim Deed”). The Quitclaim Deed shall be retained by the Chief Real Estate Officer for the Term and shall only be recorded in the event of the termination of this Lease as permitted hereunder for any reason to remove any cloud on title created by this Lease.

Appears in 1 contract

Samples: Ground Lease

Quitclaim of Interest upon Termination. Upon execution of this Lease, Tenant Xxxxxx shall execute, acknowledge, and deliver to CountyDistrict, within thirty (30) days a good and sufficient deed, in a form as approved by the Chief Real Estate Officer, whereby all right, title, and interest of Tenant Xxxxxx in the Premises is quitclaimed to County District (“Quitclaim Deed”). The Quitclaim Deed shall be retained by the Chief Real Estate Officer for the Term and shall be recorded in the event of the termination of this Lease for any reason to remove any cloud on title created by this Lease.

Appears in 1 contract

Samples: Ground Lease

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