Common use of Title to and Location of Property Clause in Contracts

Title to and Location of Property. As of the Closing Date, Borrower has good and valid title to all the Property reflected in the financial statements described in Section 5.6 other than assets owned by the WNBA Subsidiary and immaterial items of Property subsequently sold or disposed of in the ordinary course of business, free and clear of all Liens and Rights of Others, other than as set forth in Schedule 7.8, provided that title to the real property comprising a portion of Mohegan Sun is held by the United States in trust on behalf of the Tribe.

Title to and Location of Property. As of the Closing Date, Borrower has good and valid title to all the Property reflected in the financial statements described in Section 5.6 other than assets owned by the WNBA Subsidiary and immaterial items of Property subsequently sold or disposed of in the ordinary course of business, free and clear of all Liens and Rights of Others, other than as set forth in Schedule 7.8, provided that the title to the real property comprising a portion of the Mohegan Sun is held by the United States in trust on behalf of the Tribe.