Common use of Closing of Purchase Clause in Contracts

Closing of Purchase. If the Issuer has title to such vacant real property free and clear of all liens and encumbrances except as stated above or has such other title to the such real property as may be acceptable to the Tenant, then on the specified date, the Issuer shall deliver to the Tenant its special warranty deed, properly executed and conveying such real property to the Tenant free and clear of all liens and encumbrances except as stated above, and the Tenant shall pay the purchase price for such real property, said purchase price to be paid to the Trustee for the account of the Issuer and deposited by the Trustee in the Debt Service Fund and shall be used to redeem Bonds on any date the Bonds are subject to optional redemption as provided in the Indenture. Nothing herein shall require the Issuer to deliver its special warranty deed to the Tenant until after all duties and obligations of the Tenant under this Lease to the date of such delivery have been fully performed and satisfied.

Closing of Purchase. If the Issuer has title to such vacant the real property free and clear of all liens and encumbrances whatsoever except as stated above or has such other title to the such real property as may be acceptable to the TenantCorporation, then on the specified date, the Issuer shall deliver to the Tenant Corporation its special warranty deed, properly executed and conveying such the real property to the Tenant Corporation free and clear of all liens and encumbrances whatsoever except as stated above, and the Tenant then and there Corporation shall pay the aforesaid purchase price price, for such the real property, said purchase price to be paid to the Trustee for the account of the Issuer and deposited by the Trustee in the Debt Service Fund Principal and Interest Payment Account and shall be used to pay or redeem Bonds on any the date the Bonds are first subject to optional redemption as provided in the Indenture. Nothing ; provided, however, nothing herein shall require the Issuer to deliver its said special warranty deed to the Tenant Corporation until after all duties and obligations of the Tenant Corporation under this Lease to the date of such delivery have been fully performed and satisfied.

Closing of Purchase. If the Issuer has title to such vacant the real property free and clear of all liens and encumbrances whatsoever except as stated above or has such other title to the such real property as may be acceptable to the Tenant, then on the specified date, the Issuer shall deliver to the Tenant its special warranty deed, properly executed and conveying such the real property to the of Tenant free and clear of all liens and encumbrances whatsoever except as stated above, and the then and there Tenant shall pay the aforesaid purchase price price, for such the real property, said purchase price to be paid to the Trustee for the account of the Issuer and deposited by the Trustee in the Debt Service Fund Principal and Interest Account and shall be used to pay or redeem Bonds on any the date the Bonds are first subject to optional redemption as provided in the Indenture. Nothing ; provided, however, nothing herein shall require the Issuer to deliver its said special warranty deed to the Tenant until after all duties and obligations of the Tenant under this Lease to the date of such delivery have been fully performed and satisfied.

Closing of Purchase. If the Issuer has title to such vacant real property free and clear of all liens and encumbrances except as stated above or has such other title to the such real property as may be acceptable to the Tenant, then on the specified date, the Issuer shall deliver to the Tenant its special warranty deed, properly executed and conveying such real property to the Tenant free and clear of all liens and encumbrances except as stated above, and the Tenant shall pay the purchase price for such real property, said purchase price to be paid to the Trustee for the account of the Issuer and deposited by the Trustee in the Debt Service Bond Fund and shall be used to redeem Bonds on any date the Bonds are subject to optional redemption as provided in the Indenture. Nothing herein shall require the Issuer to deliver its special warranty deed to the Tenant until after all duties and obligations of the Tenant under this Lease to the date of such delivery have been fully performed and satisfied.

Closing of Purchase. If the Issuer has title to such vacant the real property free and clear of all liens and encumbrances whatsoever except as stated above or has such other title to the such real property as may be acceptable to the Tenant, then on the specified date, the Issuer shall deliver to the Tenant its special warranty deed, properly executed and conveying such the real property to the Tenant of tenant free and clear of all liens and encumbrances whatsoever except as stated above, and the then and there Tenant shall pay the aforesaid purchase price price, for such the real property, said purchase price to be paid to the Trustee for the account of the Issuer and deposited by the Trustee in the Debt Service Fund Principal and Interest Account and shall be used to pay or redeem Bonds on any the date the Bonds are first subject to optional redemption as provided in the Indenture. Nothing ; provided, however, nothing herein shall require the Issuer to deliver its said special warranty deed to the Tenant until after all duties and obligations of the Tenant under this Lease to the date of such delivery have been fully performed and satisfied.

Closing of Purchase. If the Issuer has title to such vacant real property free and clear of all liens and encumbrances except as stated above or has such other title to the such real property as may be acceptable to the Tenant, then on the specified date, the Issuer shall deliver to the Tenant its special warranty deed, properly executed and conveying such real property to the Tenant free and clear of all liens and encumbrances except as stated above, and the Tenant shall pay the purchase price for such real property, said purchase price to be paid to the Trustee for the account of the Issuer and deposited by the Trustee in the Debt Service Fund Principal and Interest Payment Account and shall be used to redeem Bonds on any date the Bonds are subject to optional redemption as provided in the Indenture. Nothing herein shall require the Issuer to deliver its special warranty deed to the Tenant until after all duties and obligations of the Tenant under this Lease to the date of such delivery have been fully performed and satisfied.

Closing of Purchase. If the Issuer has title to such vacant real property free and clear of all liens and encumbrances except as stated above or has such other title to the such real property as may be acceptable to the Tenant, then on the specified date, the Issuer shall deliver to the Tenant its special warranty deed, properly executed and conveying such real property to the Tenant free and clear of all liens and encumbrances except as stated above, and the Tenant shall pay the purchase price for such real property, said purchase price to be paid to the Trustee for the account of the Issuer and deposited by the Trustee in the Debt Service Fund Principal and Interest Payment Account and shall be used to redeem Bonds on any date the Bonds are subject to optional redemption as provided in the Indenture. Nothing herein shall require the Issuer to deliver its special warranty deed to the Tenant until after all duties and obligations of the Tenant under this Lease to the date of such delivery have been fully performed and satisfied.