Common use of Transfer of Property Clause in Contracts

Transfer of Property. Upon completion of construction, testing and acceptance of the Big Hill site by Transmission Owner, Developer will convey the fee interest of the property (depicted in DHL Survey Map Drawing No. 07034, attached to this Appendix A as Figure 5) to Transmission Owner by warranty deed and will transfer to Transmission Owner title to the facilities constructed thereon, free and clear of any liens or encumbrances. A permanent 30 foot wide easement for Transmission Owner to access, operate and maintain the Big Hill facility will be provided by Developer. Upon completion of construction, testing and acceptance of the Xxxx Substation (Phase I and Phase II), Developer will convey the fee interest of the property (depicted in Survey Map Xx. 00- 0000, xxxxxxxx to this Appendix A as Figure 6) to Transmission Owner by warranty deed and will transfer to Transmission Owner title to the Transmission Owner’s Attachment Facilities and System Upgrade Facilities (including the ring bus SUF) constructed thereon, free and clear of any liens or encumbrances.

Transfer of Property. Upon completion of construction, testing and acceptance of the Big Hill site by Transmission Owner, Developer will convey the fee interest of the property (depicted in DHL Survey Map Drawing No. 07034, attached to this Appendix A as Figure 5) to Transmission Owner by warranty deed and will transfer to Transmission Owner title to the facilities constructed thereon, free and clear of any liens or encumbrances. A permanent 30 foot wide easement for Transmission Owner to access, operate and maintain the Big Hill facility will be provided by Developer. Upon completion of construction, testing and acceptance of the Xxxx Substation (Phase I and Phase II), Developer will convey the fee interest of the property (depicted in Survey Map XxNo. 00- 000007-1135, xxxxxxxx attached to this Appendix A as Figure 6) to Transmission Owner by warranty deed and will transfer to Transmission Owner title to the Transmission Owner’s Attachment Facilities and System Upgrade Facilities (including the ring bus SUF) constructed thereon, free and clear of any liens or encumbrances.