Company's Title Clause Samples

Company's Title. The Company represents and warrants that the Company is the sole record holder of good title to the Project Land subject to no material encumbrances which would materially affect the power of the District or of the Company to carry out the provisions of this Ground Lease or the Facilities Agreement, including the District's and Company's respective use, enjoyment and peaceful possession of the Project Land and Project Facilities or would prevent the District or the Company from obtaining a leasehold policy of title insurance insuring their respective interests in the Project Land without exceptions to which the District or the Company, respectively, may reasonably object.