Title to Collateral Properties Clause Samples
The "Title to Collateral Properties" clause establishes that the borrower must have clear and valid ownership of the properties being used as collateral in a transaction. In practice, this means the borrower must prove they hold legal title to the collateral and that the property is free from undisclosed liens or claims by third parties. This clause ensures the lender's security interest is protected by confirming the collateral can be legally seized or sold if the borrower defaults, thereby reducing the lender's risk and preventing disputes over property ownership.
Title to Collateral Properties. Except as indicated on Schedule 6.3 hereto or other adjustments that are not material in amount, Subsidiary Credit Parties own or lease the Collateral Property subject to no rights of others, including any mortgages, leases pursuant to which Subsidiary Credit Parties or any of their Affiliates is the lessee, conditional sales agreements, title retention agreements, liens or other monetary encumbrances except Permitted Liens.
Title to Collateral Properties. Except as indicated on Schedule 6.3 hereto the Borrower and its Subsidiaries own or lease all of the assets reflected in the consolidated balance sheet of the Borrower as of the Balance Sheet Date or acquired or leased since that date (except property and assets sold or otherwise disposed of in the ordinary course since that date), Subsidiary Guarantors own or lease each subject Collateral Property subject to no rights of others, including any mortgages, leases pursuant to which Subsidiary Guarantors or any of their Affiliates is the lessee, conditional sales agreements, title retention agreements, liens or other monetary encumbrances except Permitted Liens.
Title to Collateral Properties. Except as indicated on Schedule 6.3 hereto or other adjustments that are not material in amount, Subsidiary Guarantors own or lease the Collateral Property subject to no rights of others, including any mortgages, leases pursuant to which Subsidiary Guarantors or any of their Affiliates is the lessee, conditional sales agreements, title retention agreements, liens or other monetary encumbrances except Permitted Liens.
Title to Collateral Properties. Except as indicated on Schedule 6.3 hereto the Borrower and its Subsidiaries own or lease all of the assets reflected in the consolidated balance sheet of the Borrower as of the Balance Sheet Date or acquired or leased since that date (except property and assets sold or otherwise disposed of in the ordinary course since that date),
Title to Collateral Properties. Except as indicated on Schedule 6.3 hereto or as set forth in the applicable Title Policies and except for other adjustments that are not material in amount, Subsidiary Borrowers own in fee simple or ground lease the Collateral Properties free and clear of Liens, except for Permitted Liens.