Conveyance to Purchaser Sample Clauses

Conveyance to Purchaser. Any deed, xxxx of sale or other conveyance executed by or on behalf of Secured Party, the sheriff or other official or party responsible for conducting the sale shall be prima facie evidence of the compliance with all statutory requirements for the sale and execution of such deed, xxxx of sale or other conveyance and will conclusively establish the truth and accuracy of the recitals and other matters stated therein, including nonpayment or nonperformance of the Obligations, violation of the terms and covenants contained herein, and the advertisement and conduct of such sale in the manner provided herein or as provided by applicable law. Debtor, to the extent not prohibited by applicable law, does hereby ratify and confirm all legal acts that Secured Party may do in carrying out the provisions of this Instrument. Any sale of the Collateral or any portion thereof pursuant to the provisions of this ARTICLE V will operate to divest all right, title, interest, claim and demand of Debtor in and to the property sold and will be a perpetual bar against Debtor and shall, subject to applicable law, vest title in the purchaser free and clear of all liens, security interests and encumbrances, including liens, security interests and encumbrances junior or subordinate to the liens, security interests and encumbrances created by this Instrument. Upon any sale of the Collateral or any portion thereof pursuant to the provisions of this ARTICLE V, the receipt by Secured Party, the sheriff or other official or party responsible for conducting the sale, shall be sufficient discharge to the purchaser or purchasers at any sale for the purchase money, and such purchaser or purchasers and the heirs, devisees, personal representatives, successors and assigns thereof shall not, after paying such purchase money and receiving such receipt of Secured Party, the sheriff or such other official or party, be obliged to see to the application thereof or be in anywise answerable for any loss, misapplication or nonapplication thereof. Any purchaser at a sale will, subject to mandatory redemption periods, if any, receive immediate possession of the Collateral purchased, and Debtor agrees that if Debtor retains possession of the Collateral or any part thereof subsequent to such sale, Debtor will be considered a tenant at sufferance of the purchaser, and will, if Debtor remains in possession after demand to remove, be guilty of forcible detainer, and will be subject to eviction and removal, for...
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Conveyance to Purchaser. Upon the payment of all sums due hereunder and the performance and discharge of all other obligations to be observed and performed by Purchaser, Seller shall cause to be prepared, executed and delivered a document in recordable form containing the customary warranties and transferring the property described in Exhibit A to Purchaser subject to the liens and encumbrances set forth in Exhibit A but free of any mortgages, if any, described therein, unless assumed by Purchaser, and subject also to any encumbrances made or suffered by Purchaser. Delivery of the conveyance instrument by Seller shall be made through an escrow agent. Costs associated with the preparation of the conveyance document or incurred to clear Seller's title shall be paid by Seller. Costs associated with a title update and the recordation of the conveyance instrument shall be paid by Purchaser. The escrow agent's fee shall be shared equally by Seller and Purchaser.
Sample 1
Conveyance to Purchaser. Purchaser acknowledges that Tract 4B of Nashboro Village, as more particularly described on the Existing Survey and to be shown on the Additional Property Survey ("Tract 4B") xx xxx xxxxxxxx xx a part of the Property or the Additional Property to be purchased by Purchaser pursuant to this Agreement . Purchaser and Additional Property Seller hereby acknowledge that in connection with obtaining the Commercial PUD for Tract 28, Additional Property Seller may relocate a certain existing historical homesite (the "Homesite") from Tract 28 to Tract 4B. If the Homesite is to be relocated to Tract 4B, Additional Property Seller shall convey Tract 4B in its entirety to the appropriate historical society, municipal authority, governmental entity, neighborhood or homeowners' association or other non-profit organization or entity, with the understanding that Tract 4B will be held and maintained for public, community or neighborhood purposes. Such conveyance will be only by a deed containing restrictions mutually acceptable to Additional Property Seller and Purchaser. In the event that Additional Property Seller sells Tract 28 and retains ownership of Tract 4B, Additional Property Seller shall convey Tract 4B to Purchaser for no further consideration beyond the Purchaser Price to be paid by Purchaser hereunder.
Sample 1
Conveyance to Purchaser. The Sellers hereby sell, transfer, assign, convey and deliver to the Purchaser all right, title and interest in, to and under the Subject Assets, and the Purchaser hereby accepts all right, title and interest of the Sellers in and to the same, in accordance with the terms and conditions of the Purchase Agreement, including the representations and warranties set forth therein.
Sample 1

Related to Conveyance to Purchaser

  • Conveyance From Seller to Purchaser Subsection 6.01

  • Notice to Purchaser (1) DO NOT SIGN THIS CONTRACT UNTIL YOU READ IT OR IF IT CONTAINS BLANK SPACES.

  • Closing and Conveyance Upon approval of Seller’s title as disclosed by the title commitment subject to paragraph 3 hereof, Buyer shall thereupon pay the balance of the agreed purchase consideration to the Seller and Seller shall thereupon execute and deliver to Buyer, a recordable Trustee’s Deed to the Real Estate in accordance with the statutes of the State of Illinois. Buyer shall be entitled to a credit against the purchase price for the amount of the real estate transfer tax obligation of Seller and thereafter assume and pay the same upon recording the deed. Said deed shall be subject to the exceptions set forth in Paragraph 3. Seller and Buyer also agree to execute such documents as may legally be required by the Recorder of Deeds, other official or agency with respect to the consideration and description of the property. If Buyer should designate the Real Estate as “replacement property” in an Internal Revenue Code Section 1031 exchange, Seller agrees to execute any such additional documents as may be required by the Internal Revenue Code or customary in such transactions, and Buyer shall pay all additional title insurance company fees and costs, and any actual additional costs incurred by Seller to accommodate Buyer’s Section 1031 exchange. Closing shall take place at Xxxxxxxxxx County Abstract Company, Pontiac, Illinois, and not later than October 13, 2021.

  • Conveyance of Transferred Assets In consideration of the Issuer’s sale and delivery to, or upon the order of, the Seller of all of the Notes and the Certificate on the Closing Date, the Seller does hereby irrevocably sell, transfer, assign and otherwise convey to the Issuer without recourse (subject to the obligations herein) all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the Transferred Assets, as evidenced by an assignment substantially in the form of Exhibit A delivered on the Closing Date. The sale, transfer, assignment and conveyance made hereunder does not constitute and is not intended to result in an assumption by the Issuer of any obligation of the Seller or the Originator to the Obligors, the Dealers, insurers or any other Person in connection with the Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto.

  • Conveyance by Lessor Lessor may assign this Lease to any purchaser of the Leased Property. If Lessor or any successor owner of the Leased Property conveys the Leased Property in accordance with the terms hereof other than as security for a debt, and the grantee or transferee of the Leased Property expressly assumes all obligations of Lessor hereunder arising or accruing from and after the date of such conveyance or transfer, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer as to the Leased Property and all such future liabilities and obligations shall thereupon be binding upon the new owner.

  • Statements to Purchaser Not later than the tenth calendar day of the month, the Company shall furnish in an agreed upon electronic format to the Purchaser or its designee, a monthly, loan level, scheduled remittance advice, trial balance report and payment and payoff activity detail, as to the preceding remittance and the period ending on the last day of the preceding month.

  • Purchase and Conveyance The Seller, in exchange for the payment of the applicable Purchase Price by the Purchaser on the related Closing Date, receipt of which is hereby acknowledged, hereby sells, transfers, assigns, sets over and conveys to the Purchaser, without recourse, but subject to the terms of this Agreement, all of its rights, title and interest in and to the Mortgage Loans, including the related Mortgage Note and Mortgages, in a Mortgage Loan Package having a Stated Principal Balance in an amount as set forth in the related PPTL, or in such other amount as agreed by the Purchaser and the Seller as evidenced by the actual aggregate principal balance of the Mortgage Loan Package accepted by the Purchaser on the related Closing Date, together with the related Mortgage Files and all rights and obligations arising under the documents contained therein, on a servicing released basis. With respect to each Mortgage Loan, the Purchaser shall own and be entitled to (1) all Monthly Payments due after the related Cut-off Date, (2) all other recoveries of principal collected after the related Cut-off Date (provided, however, that the principal portion of all Monthly Payments due on or before the related Cut-off Date and collected by the Seller or any successor servicer after the related Cut-off Date shall belong to the Seller), and (3) all payments of interest on the Mortgage Loans (minus that portion of any such payment which is allocable to the period prior to the related Cut-off Date). The Stated Principal Balance of each Mortgage Loan as of the related Cut-off Date is determined after application of payments of principal due on or before the related Cut-off Date whether or not collected, together with any unscheduled Principal Prepayments collected prior to the related Cut-off Date; provided, however, that Monthly Payments for a Due Date beyond the Cut-off Date shall not be applied to reduce the principal balance. Such Monthly Payments shall be the property of the Purchaser. If the Servicing Transfer Date has not yet occurred, the Seller shall remit any such Monthly Payments to the Purchaser on the Remittance Date following collection thereof. If the Servicing Transfer Date has occurred, the Seller shall remit any such Monthly Payments to the Purchaser in accordance with the Servicing Transfer Instructions.

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