Patent. On payment in full of the Purchase Price and Transaction Fees and compliance with all other terms of this Certificate, SITLA shall request the Governor of the State of Utah to issue a Patent to Purchaser for the Property, containing the reservations and exceptions set forth in Section 2 (Purchase and Sale of Property). Title does not transfer to Purchaser until issuance of the Patent; nevertheless, on Purchaser’s payment of the Purchase Price and Transaction Fees, the State of Utah is obligated to issue the Patent and its issuance is an administrative step only.
Appears in 4 contracts
Samples: Financing Agreement, And Financing Agreement, Financing Agreement
