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<br />$2-- t~C~i95b <br />e. I~e2ivery by BKC of the Notice shall be deemed to <br />commit BKC. irrevocably to purchase, and Gptionor isrevocai~ly to <br />sell, the Property in accordance with this ?,gre~ment. <br />Section 2. Terms of Can~eYance and Settlement!. <br />a-: C3trsi~_ T'i1e Purchase Date sha31 csccxsr aL^ the <br />time set forth in the ~lotice. <br />b. Title tas be Conveyed. Zf (i) the Prapert~.~ is a <br />Fee Property, or(i*_)ttte Frdper4yisa'Ground Leasehold Propert <br />but Gptionor, as of .the Purchase Date, has acguirea the fee title <br />to the Land, Optionar shall Canvey the fee title to the Property <br />to BKC by a deed with covenant against Gptianor's affirmative <br />acts (other than acts consented.'to, ar requested by, BKC) and <br />subject to the natters described in Section 2c. hereof. Lf the <br />Property is a Ground Leasehold Property, Optivnar shall convey-, <br />assign and transfer to SKC all of its right, title and interest <br />in the 5uDlease by an assignment, and shall con~~ey vitae to the <br />Improve®ents on the Land by a deed in t:he form described in the <br />preceding sentence and subject Lo the matters descrit~ed in Sr,cti~~n <br />2c. hereaf. <br />c. Encumbrances. T'he Property will b~~ conveyed <br />subject to (i) the Lease twhich will be assigned to BKCj, iii) <br />such encumbrances as existed at the date of commencement of <br />S _ <br />