TO HAVE AND TO HOLD the Sample Clauses
The "To Have and To Hold" clause serves as a formal declaration in property transfer documents, particularly in deeds, that specifies the rights and interests being granted to the recipient. This clause typically outlines that the grantee is to receive and possess the property, often for a specified duration such as "forever" or "for life," depending on the type of estate conveyed. Its core practical function is to clearly define the extent and nature of the ownership being transferred, thereby preventing disputes over property rights and ensuring both parties understand the terms of the conveyance.
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TO HAVE AND TO HOLD the. SAME unto The Bank of New York Mellon, as Trustee, and its successors in the trust and its assigns forever, but IN TRUST NEVERTHELESS upon the terms and trusts set forth in the Indenture, for the benefit and security of those who shall hold the bonds and coupons issued and to be issued under the Indenture, without preference, priority or distinction as to lien of any of said bonds and coupons over any others thereof by reason or priority in the time of the issue or negotiation thereof, or otherwise howsoever, subject, however, to the provisions of Sections 10.03 and 10.12 of the Original Indenture. SUBJECT, HOWEVER, to the reservations, exceptions, conditions, limitations and restrictions contained in the several deeds, servitudes and contracts or other instruments through which the Company acquired, and/or claims title to and/or enjoys the use of the aforesaid properties; and subject also to encumbrances of the character defined in the Original Indenture as “excepted encumbrances” in so far as the same may attach to any of the property embraced herein. Without derogating from the security and priority presently afforded by the Indenture and by law for all of the bonds of the Company that have been, are being, and may in the future be, issued pursuant to the Indenture, for purposes of obtaining any additional benefits and security provided by Section 697.04 of the Florida Statutes, the following provisions of this paragraph shall be applicable. The Indenture also shall secure the payment of both principal and interest and premium, if any, on the bonds from time to time hereafter issued pursuant to the Indenture, according to their tenor and effect, and the performance and observance of all the provisions of the Indenture (including any indentures supplemental thereto and any modification or alteration thereof made as therein provided), whether the issuance of such bonds may be optional or mandatory, and for any purpose, within twenty (20) years from the date of this Supplemental Indenture. The total amount of indebtedness secured by the Indenture may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed the maximum principal amount of $10,000,000,000, plus interest and premium, if any, as well as any disbursements made for the payment of taxes, levies or insurance on the property encumbered by the Indenture, with interest on those disbursements, plus any increase in the principal balance as the res...
TO HAVE AND TO HOLD the. Assets unto Buyer, its successors and assigns, for its use and its use forever. At any time and from time to time after the date hereof at the request of Buyer, and without further consideration, Seller shall execute and deliver such other instruments of transfer, conveyance, assignment and confirmation and take such other action as Buyer may reasonably request as necessary or desirable in order to more effectively transfer, convey and assign to Buyer, and to confirm Buyer's title to or rights in, all of the Assets, and to put Buyer in actual possession and operating control thereof.
TO HAVE AND TO HOLD the. Trust Property and the rights and privileges hereby granted unto the Agent (for the benefit of the Lenders and the Holders) its successors and assigns for the uses and purposes set forth, until all of the obligations of the Borrower under the Operative Agreements are paid in full; provided, that EXCLUDED from the Trust Property at all times and in all respects shall be all Excepted Payments.
TO HAVE AND TO HOLD the. Trust Estate unto the Collateral Trustee and its successors in trust under this Agreement and its assigns and the assigns of its successors in trust forever; IN TRUST NEVERTHELESS, under and subject to the terms and conditions set forth herein and in the other Collateral Documents, and for the benefit of the Secured Parties and for the enforcement of the payment of all Secured Debt, and for the performance of and compliance with the covenants and conditions of the Secured Debt Instruments and each of the Collateral Documents; PROVIDED, HOWEVER, that these presents are upon the condition that if all of the conditions set forth in Article VII of this Agreement are satisfied with respect to all of the Collateral, then this Agreement, and the estates and rights assigned in the Collateral Documents, shall cease, terminate and be void; otherwise they shall remain and be in full force and effect. IT IS HEREBY FURTHER COVENANTED AND DECLARED that the Trust Estate is to be held and applied by the Collateral Trustee, subject to the further covenants, conditions and trust hereinafter set forth.
TO HAVE AND TO HOLD the same to the owner of Lot 1 as shown on the Plan, their heirs and assigns forever.
TO HAVE AND TO HOLD the. Mortgaged Property unto the Mortgagee, its successors and assigns, to its and their own proper use, benefit and behalf forever. PROVIDED ALWAYS, and these presents are upon the express condition that, if (i) the outstanding principal of the Securities, and any interest which may become due thereon and any other sums which may become due in connection therewith shall be paid in full in accordance with the terms of the Securities, the Indenture and hereof and if all of the Liabilities shall be performed and paid in full or (ii) the Indenture is otherwise discharged, then these presents and the estate hereby created shall cease, determine and be void and the Mortgagee agrees that at such time, upon the request of the Mortgagor, it shall execute and deliver such documents and take all action as may be reasonably requested by the Mortgagor to be necessary to terminate this Mortgage of record. AND the Mortgagor represents and warrants to and covenants with the Mortgagee on its own behalf and on behalf of the Holders that, to the best of its knowledge, it has and at all times hereafter will have good and marketable fee simple title to the Premises (except that in the case of the Easement, the Mortgagor shall maintain its interest) and the Mortgagor covenants that its estate, right, title and interest in and to the Premises is free and clear of all taxes, Liens, and encumbrances whatsoever, except as appears in Schedule B attached hereto and made a part hereof; provided however, that the Mortgager and Mortgagee acknowledge and agree that: (x) all security interest and other rights in the Mortgaged Property and any other Collateral shall be, and hereby are, subject and inferior to any Liens heretofore or hereafter created from time to time in connection with the incurrence of Working Capital Indebtedness; and (y) notwithstanding anything to the contrary hereunder or in the Indenture or in the other Security Documents, the Mortgagor and its subsidiaries may incur Liens and Indebtedness (including, without limitation, Liens on the Mortgaged Property and other Collateral) permitted by the Indenture. In connection with any of the foregoing, Mortgagee will, at the request of Mortgagor, enter into such intercreditor agreements, standstill agreements, subordination agreements and other documents as shall be appropriate under the circumstances for the benefit of the holder of such other Indebtedness or of the superior liens. The Mortgagor further covenants with the Mortgag...
TO HAVE AND TO HOLD the. Trust Security Documents and the entire Collateral (the right, title and interest of the Trustee in the Trust Security Documents and the Collateral being hereinafter referred to as the "Trust ----- Estate") unto the Trustee and its successors in trust under this Trust Agreement ------ and its assigns forever. IN TRUST NEVERTHELESS, under and subject to the conditions herein set forth and for the benefit of the Secured Parties, and for the enforcement of the payment of all Secured Obligations, and as security for the performance of and compliance with the covenants and conditions of this Trust Agreement, each of the Secured Instruments and each of the Trust Security Documents. PROVIDED, HOWEVER, that these presents are upon the condition that if the Obligors, their successors or assigns, shall satisfy the conditions set forth in subsection 6.10, then this Trust Agreement, and the estates and rights hereby assigned, shall cease, determine and be void; otherwise they shall remain and be in full force and effect. IT IS HEREBY FURTHER COVENANTED AND DECLARED, that the Trust Estate is to be held and applied by the Trustee, subject to the further covenants, conditions and trusts hereinafter set forth.
TO HAVE AND TO HOLD the same unto the Secured Party and its successors and assigns, absolutely and forever, as security as aforesaid; UPON CONDITION that if the Debtor shall well and truly pay to the Secured Party the principal amount of the Note, with interest, fees, charges and premium, if any, according to its provisions and effect, and if the Debtor shall discharge any and all obligations that now or hereafter may be or become owing, directly or contingently, by the Debtor to the Secured Party on any and every account, whether or not the same are mature, of which obligations the books of the Secured Party shall be prima facie evidence, and if the Debtor shall observe and perform all of the covenants, agreements, obligations and conditions to be observed and performed by the Debtor under this Security Agreement and the other Loan Documents, and if the Debtor shall pay the costs of release, the Secured Party will, upon request of the Debtor, release the Collateral from the security interest created by this Security Agreement and these presents shall be void, it being understood, however, that an affidavit, certificate, letter or statement of any officer of the Secured Party showing that any part of the indebtedness remains unpaid or any covenants, agreements, obligations or conditions remain unperformed shall constitute conclusive evidence of the validity, effectiveness and continuing force of this Security Agreement. Subject to the terms hereof, until the happening of an Event of Default, as hereinafter defined, the Debtor shall be entitled to use and to possess the Collateral. BUT, if any one or more of the following events, hereinafter called "Events of Default" shall occur:
TO HAVE AND TO HOLD the premises herein granted unto the party of the second part, the heirs or successors and assigns of the party of the second part forever. AND the party of the first part, covenants that the party of the first part has not done or suffered anything whereby the said premises have been encumbered in any way whatever, except as aforesaid. AND the party of the first part, in compliance with Section 13 of the Lien Law, covenants that the party of the first part will receive the consideration for this conveyance and will hold the right to receive such consideration as a trust fund to be applied first for the purpose of paying the cost of the improvement and will apply the same first to the payment of the cost of the improvement before using any part of the total of the same for any other purpose. The word “party” shall be construed as if it read “parties” whenever the sense of this indenture so requires.
TO HAVE AND TO HOLD the premises herein granted unto the party of the second part, the heirs or successors and assigns of the party of the second part forever.