Common use of Conveyance at Closing Clause in Contracts

Conveyance at Closing. At the closing of any purchase pursuant to Section 10.02, the Lessor will, upon receipt of the purchase price, deliver to the Lessee documents conveying to the Lessee title to the Project, as such property then exists, without warranty, subject to the following: (i) those liens and encumbrances (if any) to which title to said property was subject when conveyed to the Lessor; (ii) those liens and encumbrances created by the Lessee or to the creation or suffering of which the Lessee consented; and (iii) those liens and encumbrances resulting from the failure of the Lessee to perform or observe any of the agreements on its part contained in this Agreement.

Conveyance at Closing. At the closing of any purchase pursuant to Section 10.02any option to purchase or mandatory purchase, the Lessor will, will upon receipt of the purchase price, price deliver to the Lessee documents conveying to the Lessee title to the Projectproperty being purchased, as such property then exists, without warranty, subject to the following: (i) those liens and encumbrances (if any) to which title to said property was subject when conveyed to the Lessor; (ii) those liens and encumbrances created by the Lessee or to the creation or suffering of which the Lessee consented; and (iii) those liens and encumbrances resulting from the failure of the Lessee to perform or observe any of the agreements on its part contained in this Agreement; and (iv) Permitted Encumbrances other than the Indenture and this Agreement.