Quality of Conveyance Sample Clauses

The 'Quality of Conveyance' clause defines the standard or condition of the property that must be delivered to the buyer upon completion of the transaction. Typically, this clause specifies whether the property is to be transferred in its current state, subject to fair wear and tear, or if certain repairs or improvements must be made before conveyance. For example, it may require that the property be free from encumbrances or that all fixtures remain in place. The core function of this clause is to ensure both parties have a clear, mutual understanding of the property's condition at the time of transfer, thereby reducing disputes and allocating responsibility for any defects or issues.
Quality of Conveyance. The Distributor shall use all reasonable endeavours to: (a) Plan, design, maintain and operate the Distribution Network in accordance with Good Industry Practice in New Zealand and meet all statutory and regulatory requirements as legislated from time to time. (b) Maintain the voltage at each Consumer’s Point of Supply to within the tolerances prescribed pursuant to the Electricity Regulations 1997, or as may be agreed by the Parties from time to time. (c) Minimise flicker, voltage sags, voltage surges, spikes and electrical noises at the Consumer’s Points of Supply; (d) Maintain the levels of the harmonic voltages and currents passing into Consumers’ Premises so that they conform with the Limitation of Harmonic Levels Notice 1981, and electrical Code of Practice 36, or any other notice in substitution thereof insofar as harmonic disturbance results from a cause within the Distributor’s control; and (e) Provide continuous delivery of Electricity at each Point of Connection subject to the terms of this Agreement.
View SourceView Similar (5)
Quality of Conveyance. The Distributor shall use all reasonable endeavours to:
View Source
Quality of Conveyance 
View Source

Related to Quality of Conveyance

  • Instruments of Conveyance and Transfer As soon as practicable after the Closing, SELLER shall deliver a certificate or certificates representing the Shares of SELLER to PURCHASER sufficient to transfer all right, title and interest in the Shares to PURCHASER.

  • Instruments of Conveyance In order to effectuate the transfer of the Contributor Properties contemplated by Section 1.1 and for the administrative convenience of the parties, the Conveyances (as defined in the DSD Agreement) shall be deemed to have conveyed the Contributor Properties from DSD to the Contributor and, immediately thereafter, to have conveyed the Contributor Properties from the Contributor to the Partnership.

  • Waiver of Bulk-Sale and Bulk-Transfer Laws SpinCo hereby waives compliance by each and every member of the Parent Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the SpinCo Assets to any member of the SpinCo Group. Parent hereby waives compliance by each and every member of the SpinCo Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the Parent Assets to any member of the Parent Group.

  • Manner of Conveyance; Limited Warranty; Nonrecourse; Etc THE CONVEYANCE OF ALL ASSETS, INCLUDING REAL AND PERSONAL PROPERTY INTERESTS, PURCHASED BY THE ASSUMING INSTITUTION UNDER THIS AGREEMENT SHALL BE MADE, AS NECESSARY, BY RECEIVER'S DEED OR RECEIVER'S ▇▇▇▇ OF SALE, "AS IS", "WHERE IS", WITHOUT RECOURSE AND, EXCEPT AS OTHERWISE SPECIFICALLY PROVIDED IN THIS AGREEMENT, WITHOUT ANY WARRANTIES WHATSOEVER WITH RESPECT TO SUCH ASSETS, EXPRESS OR IMPLIED, WITH RESPECT TO TITLE, ENFORCEABILITY, COLLECTIBILITY, DOCUMENTATION OR FREEDOM FROM LIENS OR ENCUMBRANCES (IN WHOLE OR IN PART), OR ANY OTHER MATTERS.

  • Merger Sale Conveyance and Lease Section 11.01. Company May Consolidate, Etc. on Certain Terms 49 Section 11.02. Successor Corporation to Be Substituted 50 Section 11.03. Officer’s Certificate and Opinion of Counsel to Be Given to Trustee 50 Section 12.01. Indenture and Notes Solely Corporate Obligations 51