Common use of Manner of Conveyance Clause in Contracts

Manner of Conveyance. At the closing of any purchase or other conveyance of the 2023 Leased Property pursuant to Sections 11.4, 12.1 and 12.3 hereof, the Corporation and the Trustee shall execute and deliver to the District all necessary documents assigning, transferring and conveying good and marketable title to the applicable 2023 Leased Property, as it then exists, to the District, subject to the following: (i) Permitted Encumbrances, other than this Lease and the Indenture; (ii) all liens, encumbrances and restrictions created or suffered to exist by the Corporation or the Trustee as required or permitted by this Lease or the Indenture or arising as a result of any action taken or omitted to be taken by the Corporation or the Trustee as required or permitted by this Lease or the Indenture; (iii) any lien or encumbrance created or suffered to exist by action of the District; and (iv) those liens and encumbrances (if any) to which title to the applicable 2023 Leased Property was subject when acquired by the Corporation.

Manner of Conveyance. At the closing of any purchase or other conveyance of the 2023 2025 Leased Property pursuant to Sections 11.4, 12.1 and 12.3 hereof, the Corporation and the Trustee shall execute and deliver to the District all necessary documents assigning, transferring and conveying good and marketable title to the applicable 2023 2025 Leased Property, as it then exists, to the District, subject to the following: (i) Permitted Encumbrances, other than this Lease and the Indenture; (ii) all liens, encumbrances and restrictions created or suffered to exist by the Corporation or the Trustee as required or permitted by this Lease or the Indenture or arising as a result of any action taken or omitted to be taken by the Corporation or the Trustee as required or permitted by this Lease or the Indenture; (iii) any lien or encumbrance created or suffered to exist by action of the District; and (iv) those liens and encumbrances (if any) to which title to the applicable 2023 2025 Leased Property was subject when acquired by the Corporation.