Common use of TITLE TO AND ENCUMBRANCES ON PROPERTY Clause in Contracts

TITLE TO AND ENCUMBRANCES ON PROPERTY. An inventory list of all interests in personal property and real estate leasehold interests owned by the Company is set forth on Exhibit 2.9 (the "Property"). The Company has good, valid and marketable title to the Property free and clear of any liens, claims, charges, exceptions or encumbrances, except for those, if any, which are set forth in Exhibit 2.9 attached hereto or those which were disposed of in the ordinary course of business prior to the Closing Date. The real estate leasehold interest and personal property described on Exhibit 2.7 and Exhibit 2.9 constitute the only real and personal property used in the conduct of the Company's business, except as otherwise disclosed in Exhibit 2.9. Upon consummation of the transactions contemplated hereby, such interest in the Property shall be free and clear of all liens, security interests, claims and encumbrances and evidence of such releases of liens and claims shall be provided to Premier on the Closing Date.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Orthalliance Inc), Agreement and Plan of Reorganization (Orthalliance Inc), Agreement and Plan of Reorganization (Orthalliance Inc)

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TITLE TO AND ENCUMBRANCES ON PROPERTY. An inventory list of all interests in personal property and real estate leasehold interests owned by the Company is set forth on Exhibit 2.9 (the "Property"). The Company has good, valid and marketable title to the Property free and clear of any liens, claims, charges, exceptions or encumbrances, except for those, if any, which are set forth in Exhibit 2.9 attached hereto or those which were disposed of in the ordinary course of business prior to the Closing Date. The real estate leasehold interest and personal property described on Exhibit 2.7 and Exhibit 2.9 constitute the only real and personal property used in the conduct of the Company's business, except as otherwise disclosed in Exhibit 2.9. Upon consummation of the transactions contemplated hereby, such interest in the Property shall be free and clear of all liens, security interests, claims and encumbrances and evidence of such releases of liens and claims shall be provided to Premier OrthAlliance on the Closing Date.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Orthalliance Inc)

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