Title to the Note Clause Samples
The "Title to the Note" clause establishes who holds legal ownership of the promissory note at any given time. Typically, this clause clarifies that the lender retains title to the note until the borrower has fully satisfied all payment obligations under the agreement. For example, if the note is transferred or assigned, the clause may specify the process by which title passes to a new holder. Its core function is to ensure clarity regarding ownership rights, which is essential for enforcing the note and for determining who has the authority to collect payments or take legal action if necessary.
Title to the Note. WBM has good and marketable title to the Note
Title to the Note hereby represents and warrants to the Company that, as of the date hereof, ________________ is the sole record and beneficial owner of the Old Note and is transferring and delivering to the Company valid title to the Old Note, free from preemptive or similar rights, taxes, liens, charges and other encumbrances.
Title to the Note. The Noteholder hereby represents and warrants to DPC that, as of the date hereof, the Noteholder is the sole record and beneficial owner of the Note and will transfer and deliver to DPC at the Closing valid title to the Note, free from preemptive or similar rights, taxes, liens, charges and other encumbrances.
Title to the Note. The Seller is the record and beneficial owner of, and has good and marketable title to, the Note, and such Note are owned free and clear of any liens, encumbrances, pledges, security interests and claims whatsoever (collectively, "Encumbrances"). At the Closing, the Seller will transfer and convey, and the Purchaser will acquire, good and marketable title to the Note free and clear of all Encumbrances.
Title to the Note. NTDT has good, valid and complete title to the Note.
Title to the Note. The Investor is the record and beneficial holder of the Note, and holds the Note free and clear of all claims, liens, security interests, title defects and objections or any other encumbrances of any kind or nature whatsoever.
Title to the Note. Each of White and Bunch owns the Note held by him, free and clear of all Liens. Such Seller has full right, power and authority to sell and deliver the Note in the manner provided for in this Agreement. Upon transfer of the Note, such Seller will have transferred to the Buyer good title to the Note, free and clear of all Liens.
Title to the Note. The Seller is the legal, record and beneficial owner of the Note and the Note Portion with good and marketable title thereto, and the Seller has the absolute right to sell, assign, convey, transfer and deliver the Note and the Note Portion and any and all rights and benefits thereto.