Title and Encumbrances. Seller represents to Broker that title to the Property is solely in Seller’s name. Seller 251 must deliver to Broker true copies of all relevant title materials, leases, improvement location certificates and surveys in Seller’s 252 possession and must disclose to Broker all easements, liens and other encumbrances, if any, on the Property, of which Seller has 253 knowledge. Seller authorizes the holder of any obligation secured by an encumbrance on the Property to disclose to Broker the 254 amount owing on said encumbrance and the terms thereof. In case of Sale, Xxxxxx agrees to convey, by a 255 deed, only that title Seller has in the Property. Property must be conveyed free and clear of all taxes, except the general taxes for 256 the year of closing. 257 All monetary encumbrances (such as mortgages, deeds of trust, liens, financing statements) must be paid by Xxxxxx and released 258 except as Seller and buyer may otherwise agree. Existing monetary encumbrances are as follows: . 259 The Property is subject to the following leases and tenancies: . 260 If the Property has been or will be subject to any governmental liens for special improvements installed at the time of signing 261 a Sale contract, Seller is responsible for payment of same, unless otherwise agreed.
Title and Encumbrances. Borrower has good and marketable title to the Vessel and to all of the other Collateral except Collateral owned by Pledgor, Charterer or Allseas. Pledgor has good and marketable title to all of the Equity Interest in Borrower, and all Collateral related thereto. Charterer has good and marketable title to the Time Charter, all other Collateral described in the Charterer's Earnings Assignment Agreement, and all Collateral related thereto. Allseas has good and marketable title to the deposit account described in the Allseas Charge Over Cash Deposit and all Collateral related thereto. None of Borrower's assets or any of the other Collateral are subject to any Encumbrances except (a) Encumbrances in favor of Lender, (b) Encumbrances listed in Schedule 4.9, and (c) Encumbrances expressly permitted in any Loan Documents (each, a "Permitted Encumbrance").
Title and Encumbrances. 49.1 The Sub-Charterers shall take all steps which may be reasonably necessary to safeguard the title and rights of the Owners, the Head-Charterers and the Approved Mortgagee in the Vessel as notified to the Sub-Charterers and in particular (but without limitation):
Title and Encumbrances. Except as allowed by this Agreement, Borrower owns all of its assets free of liens or encumbrances, subject only to: liens in favor of Comerica Bank or Bank, except for, (a) liens for taxes not delinquent or being contested in good faith, liens created in connection with worker’s disability compensation, unemployment insurance and social security, or to secure the performance of bids, tenders or contracts, leases, statutory obligations, surety and appeal bonds, and (b) other obligations of like nature made in the ordinary course of business, and liens or charges incidental to the conduct of Borrower’s business or the ownership of its property and assets, including purchase money security interests in connection with the borrowing of money or the obtaining of an advance or credit to acquire the asset(s) covered thereby.
Title and Encumbrances. Seller has valid title to and possession of the Technologies free and clear of all encumbrances.
Title and Encumbrances. Except as set forth on Schedule 3.7, the Sellers ---------------------- have good and marketable title to and possession of all of the Assets, free and clear of all Liens. Upon each Closing, Sellers will transfer to the Buyer good and marketable title to the Assets, free and clear of all Liens. Notwithstanding the above, the wiring and distribution systems and the equipment at the Properties are subject to the terms and conditions of the Right of Entry Agreements, the Hub Site Leases and all applicable Legal Rules.
Title and Encumbrances. Borrower owns all of its assets free of liens or encumbrances, subject only to: (a) liens in favor of or approved in writing by Bank, (b) liens for taxes not delinquent or being contested in good faith, liens created in connection with worker’s disability compensation, unemployment insurance and social security, or to secure the performance of bids, tenders or contracts, leases, statutory obligations, surety and appeal bonds, (c) other obligations of like nature made in the ordinary course of business, and leases, liens or charges incidental to the conduct of Borrower’s business or the ownership of its property and assets which were not incurred in connection with the borrowing of money or the obtaining of an advance or credit, and which do not in the aggregate materially detract from the value of its property or assets or could if enforced have a Material Adverse Effect on the use thereof in the operation of its business, and (d) Permitted Exceptions.
Title and Encumbrances. Seller has good title to, and is the sole owner of, the Mortgage Loan. The sale and assignment of the Mortgage Loan contemplated by this Agreement validly transfers the Mortgage Loan to Buyer free and clear of any Lien or any other encumbrance.
Title and Encumbrances. 2.1 The Seller is the sole legal and beneficial owner of all of the rights, title and interests in the Sale Shares and other than Encumbrances which will be released on Completion, there are no Encumbrances over the Sale Shares.
Title and Encumbrances. SRPD is the fee owner of the Property. SMUD shall take title to the Easement subject to any and all encumbrances.
