Common use of By Contributor Clause in Contracts

By Contributor. Contributor shall deliver possession of the Property to the Escrow Agent on behalf of the Partnership on the Pre-Closing Date, subject only to the Permitted Exceptions. Additionally, as of the Pre-Closing Date, Contributor shall have delivered in escrow to the Escrow Agent the following (collectively, the "Contributor Deliverables"): (i) a special warranty deed in form provided for under the law of the state where the Property is located, or otherwise in conformity with the custom in such jurisdiction and mutually satisfactory to the parties, executed and acknowledged by Contributor, which deed shall convey to the Partnership good, indefeasible and marketable fee simple title to the Property, subject only to the Permitted Exceptions, and subject to, and containing a description of, the Right of First Refusal (as defined in Section 11(a)) that burdens the Property; (ii) such assignments and other documents and certificates as the Partnership may reasonably require in order to fully and completely transfer and assign to the Partnership all of Contributor's right, title, and interest, in and to development approvals relating to the development of the Property from applicable governmental authorities, and any other permits, rights under utility agreements and similar rights applicable to the Property; (iii) a detailed summary of service contracts relating the Property to which Contributor is a party; (iv) such disclosures and reports as are required by applicable state and local law in connection with the conveyance of real property; and (v) any additional deliveries and documents that the Partnership, the Escrow Agent or the Title Company may reasonably require for the proper consummation of the transaction contemplated by this Agreement.

Appears in 2 contracts

Sources: Unit Purchase Agreement (Blue Rhino Corp), Unit Purchase Agreement (Ferrellgas Finance Corp)