Common use of Title; Condition Clause in Contracts

Title; Condition. SCN has, or will have at the Closing Date, and will convey to MRS II good and marketable title to all of the Purchased Assets subject to no Security Interest. SCN agrees to remove all Security Interests on the Purchased Assets reflected on any search of public records, if any, prior to the Closing Date and to remove any other Security Interest on the Purchased Assets created with respect to the Purchased Assets between the date of such search of public records and the Closing Date.

Title; Condition. SCN has, or will have at the Closing Date, and will convey to MRS II good and marketable title to all of the Purchased Assets subject to no Security Interest. SCN agrees to remove all Security Interests on the Purchased Assets reflected on any search of public records, if any, prior to the Closing Date and to remove any other Security Interest on the Purchased Assets created with respect to the Purchased Assets between the date of such search of public records and the Closing Date.

Title; Condition. SCN has, or will have at the Closing Date, and will convey to MRS II OCOA good and marketable title to all of the Purchased Assets subject to no Security Interest. SCN agrees to remove all Security Interests on the Purchased Assets reflected on any search of public records, if any, prior to the Closing Date and to remove any other Security Interest on the Purchased Assets created with respect to the Purchased Assets between the date of such search of public records and the Closing Date.

Title; Condition. SCN has, or will have at the Closing Date, and will convey to MRS II VERO good and marketable title to all of the Purchased Assets subject to no Security Interest. SCN agrees to remove all Security Interests on the Purchased Assets reflected on any search of public records, if any, prior to the Closing Date and to remove any other Security Interest on the Purchased Assets created with respect to the Purchased Assets between the date of such search of public records and the Closing Date.

Title; Condition. SCN has, or will have at the Closing Date, and will convey to MRS II DDD good and marketable title to all of the Purchased Assets subject to no Security Interest. SCN agrees to remove all Security Interests on the Purchased Assets reflected on any search of public records, if any, prior to the Closing Date and to remove any other Security Interest on the Purchased Assets created with respect to the Purchased Assets between the date of such search of public records and the Closing Date.