Common use of Ownership of the Personal Property Clause in Contracts

Ownership of the Personal Property. Such Seller has good and valid title to the Personal Property, which in each case shall be free and clear of all Liens as of the Closing Date, other than Liens that would not materially impair the current use or value of such Personal Property for its intended purpose. Such Seller has not pledged, assigned, hypothecated or transferred any of its right, title or interest in any of the Personal Property.

Appears in 30 contracts

Samples: Agreement of Purchase and Sale (Duke Realty Limited Partnership/), Agreement of Purchase and Sale (Duke Realty Limited Partnership/), Agreement of Purchase and Sale (Duke Realty Limited Partnership/)

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Ownership of the Personal Property. Such Seller has good and valid title to the Personal Property, which in each case shall be free and clear of all Liens as of the Closing Date, other than Liens that would not materially impair the current use or value of such Personal Property for its intended purpose. Such Seller has not pledged, assigned, hypothecated or transferred any of its right, title or interest in any of the Personal PropertyProperty other than in connection with Seller’s Other Loans that will be satisfied or released on or before the Closing Date.

Appears in 4 contracts

Samples: Agreement of Purchase and Sale (Duke Realty Limited Partnership/), Agreement of Purchase and Sale (Duke Realty Limited Partnership/), Agreement of Purchase and Sale (Duke Realty Limited Partnership/)

Ownership of the Personal Property. Such Seller has good and valid title to the Personal Property and the Platform Property, which in each case shall be free and clear of all Liens as of the applicable Closing Date, other than Liens that would not materially impair the current use or value of such Personal Property or Platform Property, as the case may be, for its intended purpose. Such Seller has not pledged, assigned, hypothecated or transferred any of its right, title or interest in any of the Personal Property or the Platform Property.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Duke Realty Limited Partnership/), Agreement of Purchase and Sale (Healthcare Trust of America Holdings, LP)

Ownership of the Personal Property. Such Seller has good and valid title to the Personal Property, which in each case shall be free and clear of all Liens as of the Closing Date, other than Liens that would not materially impair the current use or value of such Personal Property for its intended purposePermitted Exceptions. Such Seller has not pledged, assigned, hypothecated or transferred any of its right, title or interest in any of the Personal Property.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (CNL Healthcare Properties, Inc.)

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Ownership of the Personal Property. Such Seller has good and valid title to the Personal Property, which in each case shall be free and clear of all Liens as of the Closing Date, other than Liens that would not materially impair except for possible security interests in connection with the current use or value of such Personal Property for its intended purposeThird Party Loans assumed by the Buyer. Such Seller has not pledged, assigned, hypothecated or transferred any of its right, title or interest in any of the Personal PropertyProperty other than in connection with the Third Party Loans.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Duke Realty Corp)

Ownership of the Personal Property. Such Seller has good and valid title to the Personal Property (other than the Excluded Personal Property, which in each case shall ) and the same is (or will be at Closing) free and clear of all Liens as of the Closing DateLiens, charges and encumbrances, other than Liens that would not materially impair the current use rights of any vendors or value of such Personal Property for its intended purpose. Such Seller has not pledged, assigned, hypothecated or transferred suppliers under Contracts and any of its right, title or interest in any of the Personal PropertyPermitted Exceptions.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pebblebrook Hotel Trust)

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