Common use of Title to Personal Property Clause in Contracts

Title to Personal Property. Seller has good and marketable title to, and owns outright, the Personal Property, free and clear of all liens, encumbrances, security interests and adverse claims of any kind or character, other than liens which will be released at the Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Costar Group Inc), Purchase and Sale Agreement (Costar Group Inc)

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Title to Personal Property. Seller has Except as set forth in writing by any Seller, the Sellers have good and marketable valid title to, and owns outright, the to all tangible Personal Property, which shall be free and clear of all liens, encumbrances, security interests liens and adverse claims encumbrances as of any kind or character, other than liens which will be released at the Closing.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (CNL Hotels & Resorts, Inc.), Agreement of Purchase and Sale (Ashford Hospitality Trust Inc)

Title to Personal Property. As of the Closing, Seller has will have good and marketable title to, and owns outrightor a valid interest in, all material tangible personal property used in the Personal Propertyconduct of the Business, free and clear of all liens, encumbrances, security interests and adverse claims of any kind or character, Liens (other than liens which will be released at the ClosingPermitted Liens.)

Appears in 1 contract

Samples: Asset Purchase Agreement (155 East Tropicana, LLC)

Title to Personal Property. Seller has good and marketable valid title to, and owns outright, the to all tangible Personal Property, which shall be free and clear of all liens, encumbrances, security interests liens and adverse claims encumbrances as of any kind or character, other than liens which will be released at the Closing, except for the Equipment Leases, which shall be subject only to the ownership interest of the lessor thereunder.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Carey Watermark Investors Inc)

Title to Personal Property. Seller has good and marketable valid title to, and owns outright, the to all tangible Personal Property, which shall be free and clear of all liens, encumbrances, security interests liens and adverse claims encumbrances as of any kind or character, other than liens the Closing except for the Agreements and Equipment Leases which will shall be released at subject only to the Closingownership interest of the lessor thereunder.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Chesapeake Lodging Trust)

Title to Personal Property. Except as set forth in the Seller Due Diligence Materials, Seller has good and marketable valid title to, and owns outright, the to all tangible Personal Property, which shall be free and clear of all liens, encumbrances, security interests liens and adverse claims encumbrances as of any kind or character, other than liens which will be released at the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (DiamondRock Hospitality Co)

Title to Personal Property. Seller has Except as set forth in writing by Sellers, the Sellers or the Operating Tenants, as applicable, have good and marketable valid title to, and owns outright, the to all tangible Personal Property, which shall be free and clear of all liens, encumbrances, security interests liens and adverse claims encumbrances as of any kind or character, other than liens which will be released at the Closing.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (CNL Hotels & Resorts, Inc.)

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Title to Personal Property. Seller has Sellers have good and marketable valid title to, and owns outright, the to all tangible Personal Property, which shall be free and clear of all liens, encumbrances, security interests liens and adverse claims encumbrances as of any kind or character, other than liens which will be released at the ClosingClosing Date.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (CNL Hotels & Resorts, Inc.)

Title to Personal Property. Seller has good and marketable valid title to, to all of the Fixtures and owns outright, Tangible Personal Property and Operating Equipment and the Personal Property, same shall be free and clear of all liens, encumbrances, security interests liens and adverse claims encumbrances as of any kind or character, other than liens which will be released at the Closing, except for the Permitted Exceptions (to the extent applicable).

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Hotel (Strategic Hotel Capital Inc)

Title to Personal Property. To Seller’s Knowledge, Seller has or will have on Closing good and marketable valid title to, and owns outright, the to all tangible Personal Property, which shall be free and clear of all liens, encumbrances, security interests liens and adverse claims encumbrances as of any kind or character, other than liens which will be released at the ClosingClosing except for the Equipment Leases and the Existing Loan Documents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Clearview Hotel Trust, Inc.)

Title to Personal Property. Seller has good and marketable valid title to, and owns outright, the to all tangible Personal Property, which shall be free and clear of all liensliens and encumbrances as of the Closing (subject, encumbrancesin the case of computer hardware, security interests telecommunications and adverse claims information technology systems, to the terms of any kind or character, other than liens which will be released at the Closingapplicable license agreement set forth on Schedule 2.2.4).

Appears in 1 contract

Samples: Asset Purchase Agreement (CNL Healthcare Properties II, Inc.)

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