Common use of Title to the Land Clause in Contracts

Title to the Land. Except as acknowledged in a writing signed by the Buyer, MDP represents and warrants that MDP’s title to the Land is good and marketable and on the Closing shall be free and clear of any lien, claim or encumbrance, except the following (the “Permitted Exceptions”): (a) Liens for taxes and mortgages acknowledged by Buyer on the Assets not yet due and payable or which are being contested in good faith.