Property Conveyance. The Property is to be conveyed with title insurance by standard title policies (as applicable), subject to current taxes, rights-of-way, assessments, easements and other conditions of record, and any exceptions written in the Preliminary Title Report or Commitment and other standard title exclusions found in the PIP.
Property Conveyance. The City shall convey marketable title to the property for and in consideration of Habitat’s completion of new construction on the property, payment of sums set out in Section II.A(1) and agreement to sell the property on or before May 31, 2026, to a qualified homebuyer, as set forth hereafter.
Property Conveyance. As consideration for GCIH1's performance of its obligations under this Agreement, the City shall convey the Property “as is” and “with all faults” to GCIH1 by a special warranty deed within thirty (30) days after receipt of the cashier’s check required from GCIH1 pursuant to Section 4.02.a. Such special warranty deed shall include the following disclaimers: THE CITY EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY NATURE, KIND OR CHARACTER WHATSOEVER, EXPRESS OR IMPLIED, REGARDING THE PHYSICAL AND ENVIRONMENTAL CONDITION OF THE PREMISES, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF HABITABILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AND GCIH1 ACCEPTS SUCH PREMISES IN AN “AS IS” CONDITION, WITH ALL FAULTS. GCIH1, BY ITS EXECUTION OF THIS AGREEMENT EXPRESSLY WAIVES ANY RIGHT OR CLAIM AGAINST THE CITY FOR DAMAGES, RESCISSION OR OTHER REMEDY AT LAW OR IN EQUITY WITH RESPECT TO OR RESULTING FROM THE PHYSICAL CONDITION OF THE PROPERTY AND THE IMPROVEMENTS, IF ANY THEREON, INCLUDING, WITHOUT LIMITATION, THE ENVIRONMENTAL CONDITION OF THE PROPERTY AND THE FACT THAT PORTIONS OF THE PROPERTY MAY BE LOCATED WITHIN THE 100 YEAR FLOOD PLAIN. THE WAIVER AND EXCULPATION PROVIDED ABOVE SHALL BE BINDING ON ALL SUCCESSORS AND ASSIGNS OF GCIH1 AND ALL SUBTENANTS OF AND INVITEES ON THE PROPERTY.
Property Conveyance. Upon successful achievement of the Closing Contingencies as provided in this Agreement, Xxxxxx agrees to sell to Xxxxx and Xxxxx agrees to purchase from Seller the School Site. The School Site shall be conveyed from Seller to the Buyer by quitclaim deed in substantially the form attached hereto and incorporated herein by this reference as Exhibit “C”. The parties understand that the number of acres, configuration and/or final legal description of the School Site may change by mutual agreement prior to Closing. The Xxxxxx Property surrounding the School Site is sometimes referred to herein as the “Surrounding Xxxxxx Property.”
Property Conveyance. Subject to the terms, covenants and conditions of this Agreement, Herndon shall convey the Property to Xxxxxxxx, in fee simple subject to only those title exceptions approved or deemed approved by Xxxxxxxx, on the date which is thirty days (or sooner, as the parties may agree) after all Conditions to Closing have been fully satisfied hereunder or waived by Xxxxxxxx and Herndon, as applicable (“Closing Date”). Closing on the Property conveyance (“Closing”) shall be conducted in accordance with the requirements of Section 3.2.
Property Conveyance. Consistent with Article 5, the City will convey title to the Property to the PPMPDA.
Property Conveyance. When the conditions described in Section 5.1.2 have been satisfied, the Parties shall promptly schedule a date for the City to convey the Property to the PPMPDA on the terms set forth below.
Property Conveyance. Upon successful achievement of all of the contingencies as provided in this Agreement, City and Owner agree to the exchange of their respective properties and additional consideration and contributions as provided in this Agreement. The Agreement shall not proceed with the sale of just one of the properties as partial performance and is conditioned upon exchange of both the City Property and the Xxxxxxx Property and the consideration and contributions as provided herein, which is an exception to the terms of severability in Paragraph 19 below.
Property Conveyance. Upon successful achievement of all of the contingencies as provided in this Agreement, City agrees to sell to Buyer and Buyer agrees to purchase from City the Property, in consideration of payment by Buyer to City of Sixty-Five Thousand and no/100 Dollars ($65,000.00). City shall sell and convey fee simple title by quitclaim deed of the Property to Buyer, subject to retention of permanent utility easements and easements of record, permitted exceptions as described herein, and the terms and conditions of this Agreement.
Property Conveyance. For each Wholly Owned Property, being conveyed to Purchaser or a Purchaser Designee at that Closing:
