This motor vehicle conveyance template has 5 pages and is a MS Word file type listed under our production & operations documents.
Sample of our motor vehicle conveyance template:
MOTOR VEHICLE CONVEYANCE This Motor Vehicle Conveyance (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Vendor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the "Purchaser"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS: Vendor and Purchaser have entered into a portfolio purchase agreement dated as of [DATE], (the "Purchase Agreement") pursuant to which Vendor agreed to sell to Purchaser, and Purchaser agreed to purchase from Vendor, all of Vendor's right, title and interest in and to the Performing Leases including all payments thereunder, all equipment leased thereby and all rights and remedies thereunder, or under any agreement or arrangement facilitating or securing the performance by lessees thereunder, those assets being more particularly defined as the "Portfolio" in the Purchase Agreement, all on the terms and subject to the conditions set forth in the Purchase Agreement. This Motor Vehicle Conveyance is intended to constitute a conveyance of all of the motor vehicles to be purchased and sold pursuant to the Purchase Agreement. Purchaser is duly registered for purposes of [COUNTRY/STATE/PROVINCE] sales tax under the [ACT/CODE/RULE] under number [NUMBER]. IN CONSIDERATION of the completion of the transactions contemplated by the Purchase Agreement, the mutual covenants in this agreement and in the Purchase Agreement and of other good and valuable consideration (the receipt and sufficiency of which are acknowledged by each of the parties), the parties agree as follows: DEFINITIONS Each capitalized term used in this Motor Vehicle Conveyance shall have the meaning ascribed to it in the Purchase Agreement unless it is otherwise defined herein. CONVEYANCE OF PURCHASED ASSETS Conveyance Subject to the provisions of the Purchase Agreement, Vendor hereby absolutely sells, grants, assigns, transfers, conveys, sets over and delivers to Purchaser all of its right, title and interest in and to all of the motor vehicles forming part of the Equipment, including, without limitation, the motor vehicles referred to in Schedule "A" hereto (the "Motor Vehicles"), and Purchaser accepts such sale, grant, assignment, transfer, conveyance and delivery, with effect as of and from the Effective Time. Purchaser shall have and hold the Motor Vehicles, and all right, title and interest of Vendor therein and thereto, to and for the use and sole benefit of Purchaser and its successors and assigns. Further Assurances Notwithstanding that Vendor may have executed and delivered to Purchaser certain other documents and instruments of conveyance in addition to this Motor Vehicle Conveyance, Vendor shall do such acts and shall execute such further documents, conveyances, deeds, assignments, transfers and the like, and will cause the doing of such acts and will cause the execution of such further documents as are within its power, as Purchaser may in writing at any time and from time to time reasonably request be done and/or executed in order to give full effect to the provisions of this Motor Vehicle Conveyance, including, without limitation, the proxy form annexed hereto as Schedule [SPECIFY]. TITLE TO PORTFOLIO Assignment Incomplete If this Motor Vehicle Conveyance, or any other transfers or conveyances which may from time to time be executed and delivered by Vendor, fails to convey to Purchaser all or any part of the Motor Vehicles intended to be transferred pursuant to the Purchase Agreement, Vendor agrees to hold such part of the Motor Vehicles in trust for Purchaser to convey, assign and transfer the same at its expense to Purchaser as may from time to time direct. Ownership of Motor Vehicles Subject to the provisions of the Purchase Agreement, Vendor hereby covenants and agrees with Purchaser that, immediately prior to the execution and delivery of this Motor Vehicle Conveyance, Vendor is rightfully and absolutely possessed of and entitled to the Motor Vehicles, subject only to the rights of Lessees to quiet enjoyment under the Leases so long as no event of default occurs under such Leases, and has good right, title in and authority to sell, transfer, assign and deliver the Motor Vehicles to Purchaser in accordance with the terms of the Purchase Agreement
