Local Conveyance Documents definition
Examples of Local Conveyance Documents in a sentence
The Seller and the Purchaser shall effect on the Closing Date the transfer, assignment or contribution of the Transferred Assets and the assumption and assignment or contribution of the Assumed Liabilities from the Seller or any of its Subsidiaries, as applicable, to the SPV (or, in the case of the Purchaser-Owned IP, the Purchaser) pursuant to the Local Conveyance Documents and the Intellectual Property Assignment Agreement.
On the Closing Date, the Title Insurer shall file or record, or cause to be filed or recorded, the applicable Local Conveyance Documents (and all other necessary documents) in order that the legal and equitable title to the Owned Real Property shall be duly vested in the Purchaser (or its designee) free and clear of all Encumbrances other than Permitted Encumbrances.