Common use of Sale of the Real Property Clause in Contracts

Sale of the Real Property. Subject to the terms and conditions set forth in this Agreement, at the Closing, the Company hereby agrees to sell, transfer, convey and deliver a General Warranty Deed which shall convey good and marketable title to the Real Property to RCI, free and clear of all liens and encumbrances. The Company and RCI will execute the Addendum to Third Amendment to Purchase Agreement, attached hereto as Exhibit 4.1 (“Amended Addendum”) which will provide for the conveyance of good and marketable title to the Real Property, free and clear of all liens and encumbrances.

Appears in 1 contract

Sources: Purchase Agreement (Ricks Cabaret International Inc)

Sale of the Real Property. Subject to the terms and conditions set forth in this Agreement, at the Closing, the Company hereby agrees to sell, transfer, convey and deliver a General Warranty Deed which shall convey good and marketable title to the Real Property to RCI, free and clear of all liens and encumbrances. The Company and RCI will execute the Addendum to Third Amendment to Purchase Agreement, attached hereto as Exhibit 4.1 1.3 (“Amended Addendum”) which will provide for the conveyance of good and marketable title to the Real Property, free and clear of all liens and encumbrances.

Appears in 1 contract

Sources: Purchase Agreement (Ricks Cabaret International Inc)