Subsequent Conveyance Clause Samples
The Subsequent Conveyance clause defines the rules and procedures that apply when the property or interest originally conveyed under an agreement is later transferred to another party. Typically, this clause outlines any conditions, restrictions, or obligations that must be met before or after such a transfer, such as obtaining consent from the original grantor or ensuring that the new owner assumes certain responsibilities. Its core practical function is to maintain control and continuity over the rights and obligations associated with the property, preventing unauthorized transfers and ensuring all parties are aware of and agree to the terms of any subsequent conveyance.
Subsequent Conveyance. Notwithstanding anything in this Agreement to the contrary, upon the issuance of a Certificate of Completion for the Project or a Phase of the Project, this Agreement shall terminate as to the Project or applicable Phase of the Project as set forth in Section 2.3, and the limitations or restrictions on transfers of the Project or Phase of the Project set forth in this Agreement shall no longer apply to the Project or such Phase of the Project, except for those covenants in the Declaration of Restrictions that expressly survive the issuance of the Certificate of Completion for such Phase pursuant to the terms of such Declaration of Restrictions.
Subsequent Conveyance. Any assignment or Lease by any party subsequent to the date hereof shall be made subject to this Deed and Assignment.
Subsequent Conveyance. Any assignment or Lease by any party subsequent to the date hereof shall be made subject to this Deed and Assignment. Attached to and made a part of that certain Oil, Gas and Mineral Lease dated August 20th , 2007, between Atrisco Oil and Gas, LLC (“Lessor”) and Tecton Energy, LLC (“Lessee”), covering the lands described in Exhibit A above.
Subsequent Conveyance. The Seller acknowledges that the Purchaser will convey the Receivables and the other Seller Conveyed Property, along with the Purchaser's rights and benefits hereunder, to the Trustee pursuant to the terms of the Pooling Agreement, and that the terms and provisions hereof are intended to benefit the Certificateholders. The Seller hereby consents to such conveyance.
Subsequent Conveyance. In the event VNC conveys any interest in the Newmont Property, the Artemis Lease or the ▇▇▇▇▇▇▇▇ Lease to any third party, including but not limited to any affiliate or joint venturer (i) the conveyance instrument shall expressly provide that the interest being conveyed is subject to Newmont's and NCL's rights under this Agreement and the Royalty Deeds, and (ii) the third party shall agree in writing with Newmont and NCL to be bound by the provisions of this Agreement and any applicable Royalty Deeds.
Subsequent Conveyance. Grantor agrees that the restrictions of the Easement will be inserted, verbatim or by express reference, in any subsequent deed or other legal instrument by which the Grantor's fee simple title to the Property or any other possessory interest in the Property, or any part thereof, is divested or conveyed.