Condition at Closing. At closing hereunder, Seller shall convey fee simple title to the Property, marketable and good of record and in fact, free and clear of any and all liens, defects, encumbrances, leases, easements, covenants, restrictions or other matters whatsoever, whether recorded or unrecorded, except for (i) the lien of real estate taxes, water rents and sewer charges not yet due and payable and (ii) Title Objections approved by Purchaser pursuant to Section 4(b) hereof.
Condition at Closing. As of the Closing 5Star shall have no outstanding options or rights to acquire additional shares of 5Star common stock.
Condition at Closing. Full possession of the Property free of all tenants and occupants except tenants under the Leases is to be delivered at the Closing, the Property to be then (i) subject to the provisions of Article 11 hereof, in the same condition as it now is subject to reasonable use and wear thereof only excepted, (ii) in compliance with all applicable laws and regulations, (iii) in compliance with the requirements as to title as set forth in Article 4 hereof and any restriction, easement or any encumbrance accepted by Buyer pursuant to Article 6(e) hereof, (iv) as described in any site reports and engineering reports obtained by Buyer, there having been no change from the date of such reports, and (v) as represented and warranted by Seller in Article 12 hereof. Buyer and its agents, employees, representatives or independent contractors shall be entitled to an inspection of the Property prior to the Closing in order to determine whether the condition thereof complies with the terms of this Article.
Condition at Closing. Seller shall deliver the PVC plant and VCM-E plant to Purchaser on the Closing Date in an environmentally sound and safe idled condition. The PVC plant and VCM-E plant process equipment shall be de-pressured, decommissioned, and ready for vessel entry. All process equipment in the PVC plant and VCM-E plant and associated tank farms shall be free of processed hydrocarbons and sludges.
Condition at Closing. At the Closing, Seller will convey fee simple title to the Land and Improvements, marketable and good of record and in fact, and insurable as such by the Title Company at regular rates, on a Florida ALTA Form B Owner’s Policy, free and clear of any and all liens, defects, encumbrances, leases, easements, covenants, restrictions, or other matters whatsoever, whether recorded or unrecorded, except for: (i) the lien of real estate taxes or assessments not yet due and payable; and (ii) Title Objections approved by Buyer pursuant to Section 4.2 hereof.
