Common use of Title; Additional Documents Clause in Contracts

Title; Additional Documents. At the First Closing, the Facility Owners of the First Closing Facilities shall own the Owned Assets free and clear of any Liens except Permitted Exceptions and the Senior Financing. At the First Closing, all warranties and guaranties relating to the First Closing Facilities shall be held and owned by the Facility Owners, other than Sunrise Rochester but including Sunrise New Rochester, but will be transferred to the Joint Venture. At the Future Closing, the Facility Owners of the Future Closing Facilities shall own the Owned Assets free and clear of any Liens except Permitted Exceptions and the Senior Financing. At the Future Closing, all warranties and guaranties relating to the Future Closing Facilities shall be held and owned by the Facility Owners, but will be transferred to the Joint Venture. Sunrise shall execute or cause to be executed such documents, in addition to those delivered at the applicable Closing, as may be necessary to confirm in Investor good and marketable title to the Interests and to carry out the purposes and intent of this Agreement, to include the issuance of a title policy with the customary zoning endorsement. Investor shall execute or cause to be executed such documents, in addition to those delivered at the applicable Closing as may be necessary to confirm Investor's status as a member of the Joint Venture.