Common use of Transfer of Home Clause in Contracts

Transfer of Home. (a) If an Income-Qualified Person or another party other than the ACLT (or the Municipality as provided in Section 1 above) (the “Non-Lessor Purchaser”) agrees to purchase the Home pursuant to Article 10 of the Ground Lease, or if the ACLT or the Municipality elects to purchase the Home, the Home shall be conveyed by the Homeowner to such Non-Lessor Purchaser or to the ACLT or to the Municipality as the case may be (each a “Purchaser”), by a good and sufficient xxxx of sale conveying a good and clear record and marketable title to the Home free from all encumbrances except (i) such taxes for the then current year as are not due and payable on the date of delivery of the xxxx of sale and deed (ii) any lien for municipal betterments assessed after the date of the Intent-to-Sell Notice, (iii) provisions of local building and zoning laws, (iv) all easements, restrictions, covenants and agreements of record specified in the prior xxxx of sale and deed for the Home, (v) a Regulatory Agreement among the Department of Housing and Community Development (“DHCD”), the Municipality, ACLT and Homeowner , Page dated the Deeds in Book and recorded with the Hampshire County Registry of , (the "Regulatory Agreement"), to the extent the same remains in force and applicable (vi) such additional easements, restrictions, covenants and agreements of record as the Purchaser consents to, such consent not to be unreasonably withheld or delayed.

Transfer of Home. (a) If an Income-Qualified Person or another party other than the ACLT (or the Municipality as provided in Section 1 above) (the “Non-Lessor Purchaser”) agrees to purchase the Home pursuant to Article 10 of the Ground Lease, or if the ACLT or the Municipality elects to purchase the Home, the Home shall be conveyed by the Homeowner to such Non-Lessor Purchaser or to the ACLT or to the Municipality as the case may be (each a “Purchaser”), by a good and sufficient xxxx bill of sale conveying a good and clear record and marketable title to the Home free from all encumbrances except (i) such taxes for the then current year as are not due and payable on the date of delivery of the xxxx bill of sale and deed (ii) any lien for municipal betterments assessed after the date of the Intent-to-Sell Notice, (iii) provisions of local building and zoning laws, (iv) all easements, restrictions, covenants and agreements of record specified in the prior xxxx bill of sale and deed for the Home, (v) a Regulatory Agreement among the Department of Housing and Community Development (“DHCD”), the Municipality, ACLT and Homeowner , Page dated the Deeds in Book , Page and recorded with the Hampshire County Registry of , (the "Regulatory Agreement"), to the extent the same remains in force and applicable (vi) such additional easements, restrictions, covenants and agreements of record as the Purchaser consents to, such consent not to be unreasonably withheld or delayed.