Examples of Owned in a sentence
There are no material licenses, leases or subleases under which any Third Party is licensee, lessee or sublessee of, or holds or occupies, any portion of the Owned Real Property.
Seller has made available to Buyer true, correct and complete copies of the most recent existing title insurance policies and ALTA title surveys which Seller or any of its Affiliates (including any Asset Transferor or any Acquired Company) possesses in electronic format as of the date hereof relating to the Owned Real Property.
Buyer, at its own discretion and sole expense, may order preliminary title reports from a nationally recognized title company (the “Title Company”) with respect to any of the Owned Real Property (the property covered by such reports being referred to herein as the “Titled Property”).
There are no pending or, to the Knowledge of Seller, threatened, condemnation or eminent domain proceedings or any sale or other disposition of any Owned Real Property in lieu of condemnation with respect to any Owned Real Property.
Seller, an Asset Transferor or an Acquired Company has valid fee simple title to each parcel of Owned Real Property, free and clear of all Encumbrances other than Permitted Encumbrances.