Common use of Conveyancing Clause in Contracts

Conveyancing. At Closing, Sellers will convey the Realty to Holdings or its designated Permitted Affiliate Purchasers and the Timberlands to Timber Co. or its designee, in each case by special limited warranty deeds (the "Deeds") in a form customary and suitable for recordation in each applicable jurisdiction and sufficient to convey fee simple title to the Realty and Timberlands, subject only to Permitted Encumbrances, and otherwise in form and substance reasonably satisfactory to Holdings. For the avoidance of doubt, when used in this paragraph the term "special limited warranty deed" shall be interpreted to mean a customary form of deed in which the warranties of Sellers relate only to the period during which the Sellers had title, and in which Sellers represent that they have no knowledge that such warranties are untrue for any period prior thereto.

Conveyancing. At Closing, Sellers will convey the Realty to Holdings or its designated Permitted Affiliate Purchasers and the Timberlands to Timber Co. or its designee, in each case by special limited warranty deeds (the "“Deeds"”) in a form customary and suitable for recordation in each applicable jurisdiction and sufficient to convey fee simple title to the Realty and Timberlands, subject only to Permitted Encumbrances, and otherwise in form and substance reasonably satisfactory to Holdings. For the avoidance of doubt, when used in this paragraph the term "“special limited warranty deed" ” shall be interpreted to mean a customary form of deed in which the warranties of Sellers relate only to the period during which the Sellers had title, and in which Sellers represent that they have no knowledge that such warranties are untrue for any period prior thereto.