Common use of Title and Condition Clause in Contracts

Title and Condition. The Grantee represents that the Project is for the benefit of a Cultural Facility and is located at the Property where either (i) the Grantee has or will obtain good and clear, record and marketable title to the Property or (ii) the Grantee enjoys peaceful and undisturbed possession of the Property under all leases under which it is or will be operating, and all said leases are valid and in full force and effect.

Appears in 3 contracts

Sources: Cultural Facilities Fund Capital Grant Agreement, Cultural Facilities Fund Capital Grant Agreement, Cultural Facilities Fund Capital Grant Agreement