Fixed Assets. Seller has good and marketable title to the Fixed Assets, free and clear of all encumbrances, claims, charges, security interests, or liens, if any, which do not materially detract from the value of or interfere with the use of the Fixed Assets.
Appears in 4 contracts
Samples: Purchase and Assumption Agreement (FNB Corp \Va\), Purchase and Assumption Agreement (Hubco Inc), Purchase and Assumption Agreement (Sun Bancorp Inc /Nj/)
Fixed Assets. Seller has good and marketable title to the Fixed Assets, free and clear of all encumbrances, claims, charges, security interests, or liens, if any, which do not materially detract from the value of or interfere with the use of the Fixed Assets.. 4.6
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Bancorp /Nc/)
Fixed Assets. Seller has good and marketable title to the Fixed AssetsAssets as detailed at Schedule 3.1(a), free and clear of all encumbrances, claims, charges, security interests, or liens, if any, which do not materially detract from the value of or interfere with the use of the Fixed Assets.
Appears in 1 contract
Samples: Branch Purchase and Assumption Agreement (1st Constitution Bancorp)
Fixed Assets. The Seller has good and marketable title to the its Fixed Assets, free and clear of all encumbrances, claims, charges, security interests, or liens, if any, which do not materially detract from except for Permitted Encumbrances, and has the value of or interfere with right to sell, convey, transfer, assign and deliver to the use Buyer all of the Fixed Assets. The Fixed Assets are in good operating condition in all material respects, ordinary wear and tear excepted.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (R&g Financial Corp)
Fixed Assets. Seller has good and marketable title to the Fixed Assets, free and clear of all encumbrances, claims, charges, security interests, or liens, if any, which do not materially detract from the value of or interfere with the use of the Fixed Assets. The Fixed Assets are in all material respects in satisfactory working order and condition, ordinary wear and tear excepted.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Capital City Bank Group Inc)
Fixed Assets. The Seller has good and marketable title to the its Fixed Assets, free and clear of all encumbrances, claims, charges, security interests, or liens, if any, which do not materially detract from except for Permitted Encumbrances, and has the value of or interfere with right to sell, convey, transfer, assign, and deliver to the use Buyer all of the Fixed Assets. The Fixed Assets are in good operating condition in all material respects, ordinary wear and tear excepted.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Community Bankers Trust Corp)
