No Prior Liens. The Seller is the sole owner and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note, and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by the Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the Seller will retain any Mortgage File documents during the Interim Servicing Period in its possession in trust for the Purchaser. Each sale of the Mortgage Loan from any prior owner or the Seller was in exchange for fair equivalent value, and the prior owner or the Seller, as applicable, was solvent both prior to and after the transfer and had sufficient capital to pay and was able to pay its debts as they would generally mature. Immediately prior to the transfer and assignment to the Purchaser on the related Closing Date, the Mortgage Loan, including the Mortgage Note and the Mortgage, was not subject to an assignment or pledge, and the Seller had good and marketable title to and was the sole owner thereof and had full right to transfer and sell the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim or security interest. The Seller has the full right and authority subject to no interest or participation of, or agreement with, any other party, to sell and assign the Mortgage Loan pursuant to this Agreement and following the sale of the Mortgage Loan, the Purchaser will own such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest. The Seller intends to relinquish all rights to possess, control and monitor the Mortgage Loan.
No Prior Liens. The Seller is the sole owner and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note, and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by the Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the Seller will retain any Mortgage File documents during the Interim Servicing Period in its possession in trust for the Purchaser. Each sale of the Mortgage Loan from any prior owner or the Seller was in exchange for fair equivalent value, and the prior owner or the Seller, as applicable, was solvent both prior to and after the transfer and had sufficient capital to pay and was able to pay its debts as they would generally
No Prior Liens. There are no persons or entities with a lien against, or secured interest in, any of the tangible or intangible assets of the Company.
No Prior Liens. The Seller is the sole owner and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note, and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by the Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the Seller will retain any Mortgage File documents during the Interim Servicing Period in its possession in trust for the Purchaser. Each sale of the Mortgage Loan from any prior owner or the Seller was in exchange for fair equivalent value, and the prior owner or the Seller, as applicable, was solvent both prior to and after the transfer and had sufficient capital to pay and was able to pay its debts as they would generally mature. Immediately prior to the transfer and assignment to the Purchaser on the related Closing Date, the Mortgage Loan, including the Mortgage Note and the Mortgage, was not subject to an assignment or pledge, and the Seller had good and marketable title to and was the sole owner thereof and had full right to transfer and sell the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim or
No Prior Liens. Lender shall have been provided with written documentation satisfactory to Lender that no liens, other than those in favor of Lender and those included as Permitted Encumbrances, have been filed against the Property or Borrower’s Personal Property.
No Prior Liens. A Statement of the District certifying that the property that will constitute the Leased Property after the substitution, addition, deletion, or change of term is not subject to any liens securing monetary obligations (other than Permitted Encumbrances), unless such liens are subordinate to the interest of the Corporation created by this Lease-Purchase Agreement.
No Prior Liens. That it will not grant a security interest in the Project or create, permit to be created or allow to exist any liens, charges or encumbrances on the Land prior to the lien of the Mortgage, other than the Permitted Encumbrances.
No Prior Liens. Agent represents, warrants and agrees that no prior assignment, security interest or lien, other than as contained herein has been created or exists with respect to the commission payable, under any Commission Agreement described above; and Agent will not create or suffer to exist any such assignment, security interest or lien, other than this Agreement.
No Prior Liens. Immediately prior to the transfer and assignment of the Mortgage Loan to Purchaser, Seller was the sole owner and holder of the Mortgage Loan free and clear of any and all liens, pledges, charges or security interests of any nature. Purchaser has good and marketable title and has full right and authority to sell and assign the Mortgage Loan.
No Prior Liens. Immediately prior to the transfer and assignment contemplated herein to Purchaser, the Mortgage Loan, including the Mortgage Note and the Mortgage, was not subject to an assignment or pledge and the Seller was the sole owner and holder of the Mortgage Loan and the Mortgage Note and the indebtedness evidenced thereby, free and clear of any and all liens, pledges, charges or security interests of any nature, other than Permitted Liens, and the Seller has good, indefeasible and marketable title and has full right and authority to sell and assign the Mortgage Loan to the Purchaser free and clear of any and all liens, pledges, charges or security interests of any nature, except for Permitted Liens. Following the sale of such Mortgage Loan to the Purchaser, the Purchaser will have good, indefeasible and marketable title and will hold such Mortgage Loan free and clear of any and all liens, pledges, charges or security interests of any nature, other than Permitted Liens. The sale of the Mortgage Loan from the originator or any prior holder to the Seller was in exchange for fair equivalent value. The Seller intends to relinquish all rights to possess, control and monitor the Mortgage Loan.
