Title Clearance. To enable Seller to make conveyance as herein provided, Seller may, at the time of Closing, use the Purchase Consideration or any portion thereof to clear the title of any or all encumbrances or interests, provided that all instruments so procured are recorded simultaneously with the delivery of the Deed. At Closing, Seller will provide appropriate assurances of the payment of any real estate taxes levied against Seller's property (other than the Premises) which may be a lien against the subdivided Premises.
Appears in 2 contracts
Sources: Power Plant Operation and Development Lease With Purchase Option (Laidlaw Energy Group, Inc.), Power Plant Operation and Development Lease With Purchase Option (Laidlaw Energy Group, Inc.)