Time of Conveyance Clause Samples
The Time of Conveyance clause establishes the specific date and time when ownership of the property is legally transferred from the seller to the buyer. In practice, this clause typically coordinates with the closing date and may specify that conveyance occurs upon the completion of all required documents and payment of the purchase price. Its core function is to provide certainty and clarity for both parties regarding when legal title and associated responsibilities officially change hands, thereby preventing disputes over possession or liability.
Time of Conveyance. Subject to the other provisions of this Article VIII and Redeveloper’s completion of any applicable Active Environmental Remediation Activities with respect to the Public Garages or New Streets, the conveyance and delivery of possession of the Public Improvements to the City (the “Public Improvements Closing”) shall take place on the twentieth (20th) Business Day following delivery of a notice of closing by the Redeveloper to the City, at the Closing Location, at 10:00 a.m. local time or at such other time and place as may be agreed upon in writing by the City and the Redeveloper (the aforesaid date, such later date designated by the Redeveloper, or such other earlier agreed date, being referred to in this Agreement as the “Public Improvements Closing Date”). To the extent applicable with respect to the subject Public Garage Property or New Street, Redeveloper’s completion of Active Environmental Remediation Activities shall be performed in a manner reasonably consistent with the Environmental Work Plan prepared by the Redeveloper’s LEP and approved by the City, such approval not to be unreasonably withheld, conditioned or delayed.
Time of Conveyance. The Town shall transfer the Lease and possession to HES Site to Developer at the time and date of the Closing. The Closing shall take place at the Closing Location, at 10:00 a.m. local time, or at such other time and place as may be agreed upon in writing by the Town and Developer on a date ("Closing Date") that is within twenty (20) Business Days after satisfaction of the Closing Conditions precedent as set forth in Article V of this Agreement (except the conditions to be satisfied at or as part of the Closing, and then when those conditions are ready to be satisfied at or as part of the Closing).
Time of Conveyance. The Assets will be conveyed to Buyer at ------------------ the Closing, which shall be deemed by the parties hereto to occur at 12:01 a.m. (E.S.T.) on January 1, 2000.
Time of Conveyance. The Closing shall take place at the offices of the Title Company unless the parties mutually agree in writing that the Closing shall take place at another location. The Closing shall occur on the Closing Date. The Owner shall take possession of the Redevelopment Property on the Closing Date.