Common use of Transfer of Title to the Property Clause in Contracts

Transfer of Title to the Property. (a) At the Closing, Seller shall convey to Buyer title to the Real Property, the Appurtenances and the Improvements by duly executed and acknowledged special warranty deed in the form attached hereto as Exhibit D (the “Deed”). Evidence of delivery of title shall be the issuance by Title Company to Buyer of a Texas standard coverage (Form T-1) Owner’s Policy of Title Insurance in the amount of the Purchase Price, insuring fee simple title to the Real Property, Appurtenances and the Improvements in Buyer subject only to the Permitted Exceptions (as defined below) or exceptions otherwise caused or approved in writing (or deemed approved) by Buyer in the form of, and containing such endorsements as included in, the Pro Forma issued by the Title Company during the Due Diligence Period (the “Title Policy”). (b) At the Closing, Seller shall transfer all of Seller’s right, title and interest in and to any Personalty by a ▇▇▇▇ of Sale in the form attached hereto as Exhibit E (the “▇▇▇▇ of Sale”). (c) At the Closing, Seller shall transfer all of Seller’s right, title and interest in and to any Intangible Property (other than the Lease) by an Assignment of Intangible Property in the form attached hereto as Exhibit F (the “Assignment of Intangible Property”). (d) At the Closing, Seller shall assign to Buyer all of Seller’s right, title and interest in and to the Lease and Buyer shall assume all of Seller’s obligations under the Lease, by an Assignment and Assumption of Lease in the form attached hereto as Exhibit G (the “Assignment and Assumption of Lease”).

Transfer of Title to the Property. (a) At the Closing, Seller shall convey to Buyer title to the Real Property, the Appurtenances and the Improvements Improvements, by duly executed and acknowledged special warranty grant deed in the form attached hereto as Exhibit D B (the “Deed”). Evidence of delivery of title shall be the issuance by Title Company to Buyer of a Texas CLTA standard coverage (Form T-1) Owner’s Policy of Title Insurance in the amount of the Purchase Price, insuring fee simple title to the Real Property, Appurtenances Property and the Improvements in Buyer subject only to the Permitted Exceptions (as defined below) or exceptions otherwise caused or approved in writing (or deemed approved) by Buyer in the form of, and containing such endorsements as included in, the Pro Forma issued by the Title Company during the Due Diligence Period (the “Title Policy”). (b) At the Closing, Seller shall transfer all of Seller’s right, title and interest in and to any Personalty by a ▇▇▇▇ of Sale in the form attached hereto as Exhibit E (the “▇▇▇▇ of Sale”). (c) At the Closing, Seller shall transfer all of Seller’s right, title and interest in and to any Intangible Property (other than the LeaseLeases) by an Assignment of Intangible Property in the form attached hereto as Exhibit F C (the “Assignment of Intangible Property”). (dc) At the Closing, Seller shall assign to Buyer all of Seller’s right, title and interest in and to the Lease Leases and Buyer shall assume all of Seller’s obligations under the LeaseLeases, by an Assignment and Assumption of Lease Leases in the form attached hereto as Exhibit G D (the “Assignment and Assumption of LeaseLeases”). The Leases in effect as of the date hereof are more fully described on the schedule attached hereto as Exhibit E (the “Schedule of Leases”).

Transfer of Title to the Property. (a) At the Closing, Seller shall convey to Buyer title to the Real Property, the Appurtenances and the Improvements by duly executed and acknowledged special warranty deed Grant Deed in the form attached hereto as Exhibit D B (the “"Deed”"). Evidence of delivery of title shall be the issuance by Title Company Company's irrevocable commitment to Buyer issue to the Buyer, effective as of the date and time the Deed is recorded, a Texas standard coverage (Form T-1) CLTA Owner’s 's Policy of Title Insurance with coverage in the amount of the Purchase Price, insuring that fee simple title to the Real Property, Appurtenances Property and the Improvements and title to the Appurtenances is vested in Buyer subject only to the Permitted Exceptions (as defined below) or exceptions otherwise caused or approved in writing (or deemed approved) by Buyer in the form of, and containing such endorsements as included in, the Pro Forma issued by the Title Company during the Due Diligence Period (the “"Title Policy”"). (b) At the Closing, Seller shall transfer all of Seller’s 's right, title and interest interest, if any, in and to any Personalty Personal Property and Intangible Property (other than the Leases) by a ▇▇▇▇ of Sale in the form attached hereto as Exhibit E (the “▇▇▇▇ of Sale”). (c) At the Closing, Seller shall transfer all of Seller’s right, title and interest in and to any Intangible Property (other than the Lease) by an Assignment of Contracts and Intangible Property in the form attached hereto as Exhibit F C (the “"Assignment of Intangible Property”"). (dc) At the Closing, Seller shall assign to Buyer all of Seller’s 's right, title and interest in and to the Lease Leases and Buyer shall assume all of Seller’s 's obligations under the Lease, Leases by an Assignment and Assumption of Lease Leases in the form attached hereto as Exhibit G D (the “"Assignment and Assumption of Lease”Leases"). The Leases in effect as of the Effective Date are more fully described on the schedule attached hereto as Exhibit E (the "Schedule of Leases").

Transfer of Title to the Property. (a) At the Closing, Seller shall convey to Buyer title to the Real Property, the Appurtenances and the Improvements by duly executed and acknowledged special warranty deed in the form attached hereto as Exhibit D B-1 for the California Hotels, Exhibit B-2 for the North Carolina Hotel, Exhibit B-3 for the Texas Hotel, and Exhibit B-4 for the Wisconsin Hotel (each, a “Deed” and collectively, the “DeedDeeds”). Evidence of delivery of title shall be the issuance by Title Company to Buyer of a Texas standard coverage (Form T-1) Owner’s Policy of Title Insurance (provided, however, that to the extent Buyer has ordered an Updated Survey, as defined and described in the Access Agreement or to the extent the Title Company can issue extended coverage without an Updated Survey and without any further certificates or indemnities from the Seller, such policy(ies) shall be extended Owner’s Policy(ies) of Title Insurance where available) in the amount of the Purchase PricePrice allocated to each Hotel, as determined pursuant to Section 2(c) above, insuring fee simple title to the Real Property, Appurtenances and the Improvements in Buyer subject only to the Permitted Exceptions (as defined below) or exceptions otherwise caused or approved in writing (or deemed approved) by Buyer in the form of(each, a “Title Policy” and containing such endorsements as included incollectively, the Pro Forma issued by the Title Company during the Due Diligence Period (the “Title PolicyPolicies”). (b) At the Closing, Seller shall transfer all of Seller’s right, title and interest in and to any Personalty by a ▇▇▇▇ of Sale in the form attached hereto as Exhibit E (the “▇▇▇▇ of Sale”). (c) At the Closing, Seller shall transfer all of Seller’s right, title and interest in and to any Intangible Property (other than the LeaseLeases) by an Assignment of Intangible Property in the form attached hereto as Exhibit F C (the “Assignment of Intangible Property”). (dc) At the Closing, Seller shall assign to Buyer all of Seller’s right, title and interest in and to the Lease Leases and Buyer shall assume all of Seller’s obligations under the LeaseLeases, by an one or more Assignment and Assumption of Lease Leases in the form(s) attached hereto as Exhibit D (collectively, the “Assignment and Assumption of Leases”). The Leases in effect as of the Effective Date are more fully described on the schedule attached hereto as Exhibit E (the “Schedule of Leases”). (d) At the Closing, Seller shall convey to Buyer all of Seller’s right, title and interest in and to the FF&E, Supplies, IT Systems, F&B, and Retail Merchandise, by a ▇▇▇▇ of Sale in the form attached hereto as Exhibit G F (the “Assignment and Assumption ▇▇▇▇ of LeaseSale”).

Transfer of Title to the Property. (a) At the Closing, Seller shall convey to Buyer title to the Real Property, the Appurtenances and the Improvements Improvements, by duly executed and acknowledged special warranty grant deed in the standard form attached hereto as Exhibit D used by Title Company (hereinafter the “"Deed”"). Evidence of delivery of title shall be the issuance by Title Company to Buyer of a Texas standard coverage (Form T-1) an CLTA Owner’s 's Policy of Title Insurance in the amount of the Purchase Price, insuring fee simple title to the Real Property, Appurtenances and the Improvements Property in Buyer subject only to exceptions approved or waived by Buyer pursuant to Sections 4(c) or 4(d) herein; provided that if Buyer pays the Permitted Exceptions cost for an updated survey and the incremental title insurance costs, such insurance shall be an ALTA extended coverage policy (as defined below) or exceptions otherwise caused or approved in writing (or deemed approved) so selected by Buyer in Buyer, hereinafter the form of, and containing such endorsements as included in, the Pro Forma issued by the Title Company during the Due Diligence Period (the “"Title Policy”"). (b) At the Closing, Seller shall transfer all of Seller’s right, title and interest in and to any Personalty by a ▇▇▇▇ of Sale in the form attached hereto as Exhibit E (the “▇▇▇▇ of Sale”). (c) At the Closing, Seller shall transfer all of Seller’s 's right, title and interest in and to any Intangible Property (other than including the LeaseHVAC contract) by an Assignment of Intangible Property in the form attached hereto as Exhibit F "B" (hereinafter the “"Assignment of Intangible Property”"). (dc) At the Closing, Seller shall assign to Buyer all of Seller’s 's right, title and interest in and to the Lease Leases and Contracts and Buyer shall assume all of Seller’s 's obligations under the LeaseLeases, by an Assignment and Assumption of Lease Leases and Contracts in the form attached hereto as Exhibit G "C" (hereinafter the “"Assignment and Assumption of Lease”Leases").