Common use of Instruments of Transfer; Further Assurances Clause in Contracts

Instruments of Transfer; Further Assurances. At the Closing, Seller and Petro shall execute and deliver to each other (i) a Special Warranty Deed with regard to the Real Property, (ii) a ▇▇▇▇ of Sale with regard to the Personal Property and Inventory, (iii) a completed General Conveyance, Transfer and Assignment covering all of the Scheduled Contracts, and (iv) an Assumption Agreement (collectively the “Conveyance Documents”). At the time of the Closing, Petro and Seller shall execute all other agreements, instruments, documents, certificates of title and certificates required by this Agreement to be executed and delivered by or on behalf of Seller, or Petro at or before the Closing pursuant to this Agreement (all such other agreements, instruments, documents, certificates of title and certificates being referred to herein as the “Operative Documents”) and such other instruments of transfer as shall be reasonably necessary or appropriate to vest in Petro good and indefeasible title to all of the Assets and the Business being purchased hereunder, and to comply with the purposes and intent of this Agreement and such other instruments as shall be reasonably necessary or appropriate to evidence the assignment or termination as applicable by Seller and assumption by Petro of the Scheduled Contracts.

Appears in 3 contracts

Sources: Purchase Agreement, Purchase Agreement (Petro Stopping Centers Holdings Lp), Purchase Agreement (Petro Stopping Centers L P)