Common use of No Liens or Claims of Third Parties Clause in Contracts

No Liens or Claims of Third Parties. Seller hereby represents and warrants to Buyer that: (a) Seller is the sole owner of the Cars and has good and marketable title to all of the Cars, free and clear of all liens, claims, demands, charges, security interests, privileges, pledges or other encumbrances (“Liens”) other then the Liens created by Buyer and that Seller will convey to Buyer good and marketable title to the Cars being sold free and clear of all Liens of Confidential Treatment has been requested for portions of this document marked with asterisks. every nature and kind whatsoever other than Liens created by Buyer; and (b) neither Seller’s rights in the Cars, nor the Cars, are subject to any contract, agreement, or understanding, whether written or oral, which provides for any remarketing, residual sharing or similar arrangement or which would be binding upon or enforceable against Buyer, the Cars, or the proceeds of any sale, lease or any disposition of any thereof.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (American Railcar Industries, Inc./De), Purchase and Sale Agreement (American Railcar Industries, Inc./De)

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No Liens or Claims of Third Parties. Seller hereby represents and warrants to Buyer that: (a) Seller is the sole owner of the Cars and has good and marketable title to all of the Cars, free and clear of all liens, claims, demands, charges, security interests, privileges, pledges Confidential Treatment Confidential treatment has been requested for portions of this document marked with asterisks or other encumbrances (“Liens”) other then than the Liens created by Buyer and that Seller will convey to Buyer good and marketable title to the Cars being sold free and clear of all Liens of Confidential Treatment has been requested for portions of this document marked with asterisks. every nature and kind whatsoever other than Liens created by Buyer; and (b) neither Seller’s rights in the Cars, nor the Cars, are subject to any contract, agreement, or understanding, whether written or oral, which provides for any remarketing, residual sharing or similar arrangement or which would be binding upon or enforceable against Buyer, the Cars, or the proceeds of any sale, lease or any disposition of any thereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Railcar Industries, Inc./De)

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No Liens or Claims of Third Parties. Seller hereby represents and warrants to Buyer that: (a) Seller is the sole owner of the Cars and has good and marketable title to all of the Cars, free and clear of all liens, claims, demands, charges, security interests, privileges, pledges or other encumbrances (“Liens”"LIENS") other then than the Liens created by Buyer and that Seller will convey to Buyer good and marketable title to the Cars being sold free and clear of all Liens of Confidential Treatment has been requested for portions of this document marked with asterisks. every nature and kind whatsoever other than Liens created by Buyer; and (b) neither Seller’s 's rights in [Purchase and Sale Agreement] the Cars, nor the Cars, are subject to any contract, agreement, or understanding, whether written or oral, which provides for any remarketing, residual sharing or similar arrangement or which would be binding upon or enforceable against Buyer, the Cars, or the proceeds of any sale, lease or any disposition of any thereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Railcar Industries, Inc./De)

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