Common use of Use of Purchase Price to Clear Title Clause in Contracts

Use of Purchase Price to Clear Title. To enable Lessor to make conveyance as provided in this Section, Lessor may, at the Time of Closing, use the Purchase Price or any portion thereof to clear the title of any Lien, provided that all instruments so procured are recorded contemporaneously with the Closing or reasonable arrangements are made for a recording subsequent to the Time of Closing in accordance with customary conveyancing practices.

Appears in 4 contracts

Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Balanced Care Corp), Facility Lease Agreement (Emeritus Corp\wa\)

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Use of Purchase Price to Clear Title. To enable the Lessor to make conveyance as provided in this Section, the Lessor may, at the Time of Closing, use the Purchase Price or any portion thereof to clear the title of any Lien, provided that all instruments so procured are recorded contemporaneously with the Closing or reasonable arrangements are made for a recording subsequent to the Time of Closing in accordance with customary conveyancing practices.

Appears in 3 contracts

Samples: Facility Lease Agreement (Carematrix Corp), Facility Lease Agreement (Carematrix Corp), Facility Lease Agreement (Carematrix Corp)

Use of Purchase Price to Clear Title. To enable Lessor to make conveyance as provided in this Section, Lessor may, at the Time of ClosingClosing Date, use the Purchase Price or any portion thereof to clear the title of any Lien, provided that all instruments so procured are recorded contemporaneously with on the Closing Date or reasonable arrangements are made for a recording subsequent to the Time of Closing Date in accordance with customary conveyancing practices.. 110

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

Use of Purchase Price to Clear Title. To enable Lessor to make conveyance as provided in this Section, Lessor may, at the Time of Closing, use the Purchase Price or any portion thereof to clear the title of any Lien, provided that all instruments so procured are recorded contemporaneously with the Closing or reasonable arrangements are made for a recording subsequent to the Time of Closing in accordance with customary conveyancing practices. 18.

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

Use of Purchase Price to Clear Title. To enable the Lessor to make conveyance as provided in this Section, the Lessor may, at the Time of Closing, use the Purchase Price or any portion thereof to clear the title of any Lien, provided that all instruments so procured are recorded contemporaneously with the Closing or reasonable arrangements are made for a 106 107 recording subsequent to the Time of Closing in accordance with customary conveyancing practices.

Appears in 1 contract

Samples: Facility Lease Agreement (Alterra Healthcare Corp)

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Use of Purchase Price to Clear Title. To enable Lessor to make conveyance as provided in this Section, Lessor may, at the Time of ClosingClosing Date, use the Purchase Price or any portion thereof to clear the title of any Lien, provided that all instruments so procured are recorded contemporaneously with on the Closing Date or reasonable arrangements are made for a recording subsequent to the Time of Closing Date in accordance with customary conveyancing practices.

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

Use of Purchase Price to Clear Title. To enable Lessor to make conveyance as provided in this Section, Lessor may, at the Time of Closing, use the Purchase Price or any portion thereof to clear the title of any Lien, provided that all instruments so procured are recorded contemporaneously with the Closing or reasonable arrangements are made for a recording subsequent to the Time of Closing in accordance with customary conveyancing practices.. 113

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

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