Common use of Provisions With Respect to Closing Clause in Contracts

Provisions With Respect to Closing. At Closing: (i) Grantor shall deliver a special warranty deed for the Optioned Property and associated appurtenant easements as contemplated hereby, duly executed and acknowledged and in proper form for recording; and such additional documentation (including affidavits) as may be reasonably requested by Grantee or Grantee’s title company to issue and deliver its title policy. (ii) Grantee shall execute and deliver the ICA Easement, if required, and shall pay Grantor the purchase price (i.e., one Dollar ($1.00)). This Easement shall be amended to delete the provisions hereof relating to the exclusive easement in favor of Grantee with respect to the Generation Facilities Easement Area, but retaining the other Access and Use rights granted to Grantee hereunder All realty transfer taxes shall be paid by Grantee. (iii) Costs of recording and notary fees shall be paid by Grantee. (iv) Except as otherwise provided in Section 8.17(b), Grantor and Grantee shall be responsible for the fees of their respective legal counsel. (v) Tender of an executed deed and purchase money is hereby waived.

Appears in 2 contracts

Sources: Purchase Agreement (Calpine Corp), Purchase Agreement (Pepco Holdings Inc)