Common use of Conveyance of the Improvements Clause in Contracts

Conveyance of the Improvements. From time to time as legally appropriate to effect a transfer to the District (or another governmental agency at the direction of the District) of a fee or easement estate in land owned, acquired or otherwise controlled by Developer (as the case may be) and relating to the Improvements, and to the extent permitted by applicable laws and regulations, the Developer shall convey to or at the direction of the District such legal interest in and to the Improvements, subject to non-exclusive easements as reasonably requested by Developer, free and clear of all liens and encumbrances except matters of record and current taxes. The Developer shall, at its expense, furnish the District an ownership and encumbrance report or other title evidence reasonably satisfactory to the District confirming that the Developer has fee simple title to that portion of the Improvements (if any) that are realty, free and clear of liens and encumbrances except matters of record and current taxes. The conveyances shall be made by special warranty deed or non-exclusive easement (as appropriate), in recordable form, or by appropriate dedications upon recorded subdivision plats for the portion of the Improvements which are realty and by absolute ▇▇▇▇ of sale or written assignment for those Improvements which are tangible or intangible personalty. All such instruments of conveyance or assignment shall be in a form reasonably acceptable to the District and the Developer, and shall be executed and delivered to the District from time to time hereafter as requested by the District.