Tangible Properties. Seller has good and valid title to, or a valid leasehold interest in, the material Personal Property, free and clear of all Liens (except Permitted Liens). The material Personal Property is in good operating condition and repair, ordinary wear and tear excepted.
Appears in 3 contracts
Sources: Asset Purchase Agreement (William Lyon Homes), Asset Purchase Agreement (William Lyon Homes), Asset Purchase Agreement (William Lyon Homes)