Common use of Conveyance of Property Clause in Contracts

Conveyance of Property. In exchange for the payment of both the Purchase Price and the Buyer’s Premium in accordance with Sections 1 and 2 above, Oceaneering shall issue to Buyer a ▇▇▇▇ of Sale in the form attached hereto as Schedule 2 and incorporated herein for all purposes, whereby Seller shall TRANSFER, CONVEY, SELL, DELIVER and ASSIGN to Buyer the Property in its present condition and location, free and clear of all liens, claims and other encumbrances. The ▇▇▇▇ of Sale may be issued electronically and Title to the Property, including all risk of loss, shall transfer to Buyer immediately upon receipt of the ▇▇▇▇ of Sale. The date on which Sellers issue the ▇▇▇▇ of Sale to Buyers shall hereinafter also be referred to as the “Closing Date”.

Conveyance of Property. In exchange for the payment of both the Purchase Price and the Buyer’s Premium in accordance with Sections 1 and 2 above, Oceaneering Seller shall issue to Buyer a ▇▇▇▇ of Sale in the form attached hereto as Schedule 2 and incorporated herein for all purposes, whereby Seller shall TRANSFER, CONVEY, SELL, DELIVER and ASSIGN to Buyer the Property in its present condition and location, free and clear of all liens, claims and other encumbrances. The ▇▇▇▇ of Sale may be issued electronically and Title to the Property, including all risk of loss, shall transfer to Buyer immediately upon receipt of the ▇▇▇▇ of Sale. The date on which Sellers issue the ▇▇▇▇ of Sale to Buyers shall hereinafter also be referred to as the “Closing Date”.