SELLER’S OBLIGATIONS AT EACH CLOSING Sample Clauses

SELLER’S OBLIGATIONS AT EACH CLOSING. At each Closing, Seller will: (a) Execute and deliver to Purchaser a special warranty deed in the form attached hereto as Exhibit B and incorporated herein (the “Deed”), duly executed and acknowledged, conveying to Purchaser good and indefeasible fee simple title to all of the Lots purchased at such Closing, free and clear of all liens, claims, and encumbrances except the Permitted Exceptions in accordance with Section 2.02; (b) Deliver tax certificates evidencing that all ad valorem or other taxes for the applicable Lots have been paid for the years prior to the year of the Closing, and pay or escrow with the Title Company Seller’s prorated share of all taxes for such Lots for the current year up to the date of Closing; (c) Deliver possession of the Lots purchased at the applicable Closing to Purchaser; (d) Pay Seller’s closing costs as hereinafter specified; (e) Cause to be secured from Seller’s lender, or other holder of any note or lien on said Lots, a properly-executed and recordable release or partial release of lien for execution and delivery simultaneously with the Deed for such Lots to Purchaser, or as soon thereafter as is reasonably possible; (f) At Purchaser’s option and provided that Purchaser pays the title premiums, cause the Title Company to issue an owner’s policy of title insurance (the “Title Policy”) in the amount of the Purchase Price for the Lots purchased at the Closing, insuring fee simple, good and indefeasible title to such Lots and right of access thereto in Purchaser, containing no exceptions other than the Permitted Exceptions, and without exception for rights of parties in possession, visible and apparent easements and portions of the Property lying within public or private roads; and (g) Execute and deliver such other instruments and affidavits as Purchaser and the Title Company may reasonably require; and

SELLER’S OBLIGATIONS AT EACH CLOSING. Except as noted below in (c) and (d), on or before three (3) Business Days prior to the relevant closing date, the Seller shall deliver to Escrow all documents required by Escrow Agent to be delivered, including: (a) two (2) executed originals of the Bill of Sale in substantially that form attached as Exhibit A duly setting forth the number of Credits to be acquired executed by the Seller; (b) Xxxxxx’s executed Closing Statement; (c) for the first closing, a corporate resolution from Seller approving this Agreement and the sale of up to 38 Credits pursuant to this Agreement in one or more closings; and (d) on or before the relevant closing date, one (1) executed original “Notice of Exercise and Assignment of Residential Workforce Housing Credits”, on the County of Maui’s official form, executed by both Seller and the County of Maui Department of Housing and Human Concerns, evidencing the assignment of the subject Credits by Seller as “Transferor” to Buyer as “Transferee” (the “Official Assignment”). In the event that the fully executed Official Assignment cannot be delivered to Escrow Agent by the relevant closing date due to a delay in processing by the County of Maui that is not the fault of Seller, the closing date shall be extended until the date that the Official Assignment is delivered to Escrow Agent.