Common use of The Landowner Clause in Contracts

The Landowner. The Landowner shall undertake the following:- He shall execute a transfer of the Land in favour of the SPV. To this effect, he shall:- Ensure that Land Rent and Rates over the Land are paid; Obtain the Land Rent and Land Rates Clearance Certificates; and Obtain the Consent to Transfer (where applicable). Settle all pending fees for the previous Consultants or enter into binding Deeds of Settlement in respect of any arrears thereof; Indemnify and keep indemnified the Developer from any and all claims from the previous Consultants and furnish evidence of payment of the arrears, if any and/or a document securing payment of the arrears to the satisfaction of the Developer; and Execute all such deeds and documents as shall be necessary to bring into effect every aspect of this Memorandum.

Appears in 2 contracts

Sources: Memorandum of Understanding, Memorandum of Understanding