Warranty Deeds definition
Examples of Warranty Deeds in a sentence
Seller and Buyer shall agree in good faith prior to the Closing on an allocation of the Purchase Price between the real property and personal property components of each of the Properties solely for the purpose of calculating applicable transfer taxes imposed by Governmental Authorities on the recordation of the Special Warranty Deeds.
None of the provisions of this Agreement shall be merged by the Statutory Warranty Deeds or dedication of the Property.
No representation or warranty contained in this Agreement shall survive the delivery of the Limited Warranty Deeds and the Closing.
The date on which the Closing occurs is herein referred to as the “Closing Date.” At the Closing, each of the parties shall deliver such bills of sale, assignments, Special Warranty Deeds, landlord consents, estoppels, assumptions of liabilities, opinions and other instruments and documents as are described in this Agreement or as may be otherwise reasonably requested by the parties and their respective counsel.
Special Warranty Deeds in the form of Exhibit E-1 and Exhibit E-2 (the “Special Warranty Deeds”) will be used to convey to Buyer Seller’s fee surface estate interests among the Garfield Properties.
The Escrow Agent shall deliver to Seller a copy of the recorded Limited Warranty Deeds and each Right of First Offer and its escrow statement in duplicate showing all the charges and credits affecting the account of Seller.
The Escrow Agent shall deliver to Buyer the recorded Limited Warranty Deeds and each Right of First Offer; copies of any recorded mortgage deposited by Buyer; Buyer’s Policies; the balance, if any, of the funds deposited by Buyer remaining after disbursement in accordance with these directions; and its escrow statement in duplicate showing all charges and credits affecting the account of Buyer.
The foregoing warranties, representations and indemnities shall survive the delivery and recording of the Limited Warranty Deeds for record and shall not be merged into said Limited Warranty Deeds.
Notwithstanding the foregoing, without Seller’s consent Buyer may, by written notice delivered to Seller no later than three (3) business days prior to the Closing Date, designate individuals or entities other than Buyer to take title to the Property pursuant to the Limited Warranty Deeds.
The Special and General Warranty Deeds attached hereto as Exhibit 2.2.3 set forth a complete legal description of each parcel of real property owned by Seller and used in the Operations.