Common use of Possession of and Title to Real Property Clause in Contracts

Possession of and Title to Real Property. As of the Effective Date, the Authority holds good and marketable fee title to the Premises free and clear of all encumbrances other than those easements and other matters of record set forth on Exhibit D attached hereto (“Permitted Encumbrances”). Except as expressly permitted under this Agreement or as Approved by StadCo and except for Permitted Encumbrances, the Authority shall not create any lien or other encumbrance that would (i) encumber the Premises or (ii) materially diminish, impair or disturb the rights of StadCo under this Agreement.

Possession of and Title to Real Property. As of the Effective Date, the Authority holds good and marketable fee title to the Premises free and clear of all encumbrances other than those easements and other matters of record set forth on Exhibit D attached hereto (“Permitted Encumbrances”). Except as expressly permitted under this Agreement or as Approved by StadCo and except for Permitted Encumbrances, the Authority shall not create any lien or other encumbrance that would (i) encumber the Premises or (ii) materially diminish, impair or disturb the rights of StadCo under this Agreement.Agreement.‌