TITLE TO THE PERSONAL PROPERTY. During the Lease Term, title to the Personal Property and any and all additions, repairs, replacements or modifications will vest in Lessee, subject to the rights of Lessor under this Agreement; provided that title will thereafter immediately and without any action by Lessee vest in Lessor, and Xxxxxx will immediately surrender possession of the Personal Property to Lessor upon (a) any termination of this Agreement other than termination pursuant to Section 31 or Section 6(c) or (b) the occurrence of an Event of Default. It is the intent of the parties hereto that any transfer of title to Lessor pursuant to this Section will occur automatically without the necessity of any bill of sale, certificate of title or other instrument of conveyance. Lessee will, nevertheless, execute and deliver any such instruments as Lessor may request to evidence such transfer. Lessee irrevocably designates, makes, constitutes and appoints Lessor and its assignee as Xxxxxx’s true and lawful attorney (and agent in-fact) with power, at such time of termination or times thereafter as Lessor in its sole and absolute discretion may determine, in Xxxxxx’s or Lessor’s or such assignee’s name, to endorse the name of Lessee upon any bill of sale, document, instrument, invoice, freight bill, bill of lading or similar document relating to the Personal Property in order to vest title in Lessor and transfer possession to Lessor.
TITLE TO THE PERSONAL PROPERTY. Seller has good and marketable title to all of the Assets constituting personal property, free and clear of all liens, encumbrances, security interests, equities or restrictions whatsoever except the Assumed Debt and, by virtue of the grant, conveyance, sale, transfer, and assignment of the Assets hereunder, Buyer shall receive good and marketable title to all of the Assets constituting personal property, free and clear of all liens, lease payments (including lease-end buy-out payments), encumbrances, security interests, equities or restrictions whatsoever except the Assumed Debt. The Assets include all of the permits, licenses, franchises, consents and other approvals necessary or desirable to conduct the Business.
TITLE TO THE PERSONAL PROPERTY. Seller has good and marketable title to all of the Assets constituting personal property, free and clear of all liens, encumbrances, security interests, equities or restrictions whatsoever and, by virtue of the grant, conveyance, sale, transfer, and assignment of the Assets hereunder, Buyer shall receive good and marketable title to all of the Assets constituting personal property, free and clear of all liens, lease payments (including lease-end buy-out payments), encumbrances, security interests, equities or restrictions whatsoever. The Assets include all of the permits, licenses, franchises, consents and other approvals necessary or desirable to conduct the Business.
TITLE TO THE PERSONAL PROPERTY. (a) Except for Encumbrances which individually or in the aggregate are not reasonably likely to result in a Material Adverse Effect:
TITLE TO THE PERSONAL PROPERTY. Title to the Personal Property will remain in Lessor at all times and Lessee will not have any right, title or interest in any of the Personal Property, unless Lessee purchases the Personal Property under its purchase option in accordance with the terms of Section 5. Lessor and Lessee intend that this Lease will be deemed to constitute a “true lease” in all respects.
TITLE TO THE PERSONAL PROPERTY. Seller has good and marketable title to all of the Assets constituting personal property, free and clear of all liens, encumbrances, security interests, equities or restrictions whatsoever, and by virtue of the grant, conveyance, sale, transfer, and assignment of the Assets hereunder, Buyer shall receive good and marketable title to all of the Assets constituting owned personal property, free and clear of all liens, encumbrances, security interests, equities or restrictions whatsoever.
TITLE TO THE PERSONAL PROPERTY. During the Lease Term, title to the Personal Property and any and all repairs, replacements or modifications thereto will vest in Lessee, subject to the rights of Lessor under this Agreement; provided that, title will thereafter immediately and without any action by Lessee vest in Lessor, and Lessee will immediately surrender possession of the Personal Property to Lessor upon (a) any termination of this Agreement other than termination pursuant to Section 10.01 or (b) the occurrence of an Event of Default. It is the intent of the parties hereto that any transfer of title to Lessor pursuant to this Section will occur automatically without the necessity of any bill of sale, certificate of title or other instrument of conveyance. Lessee will, nevertheless, execute and deliver any such instruments as Lessor may request to evidence such transfer. Lessee irrevocably designates, makes, constitutes and appoints Lessor and its assignees DV /HVVHH¶V WUXH DQenGt i n-faOctD) wZitIh XpoOwe r, Dat WsuWchRtimUeQoHf \ DQG WHUPLQDWLRQ RU WLPHV WKHUHDIWHU DV /HVVRU LQ LWV /HVVRaUny¶DV VRLUJ QHH¶V QDPH WR HQGRUVH oWr KsimHil ar QdoDcumPeHnt RI /H relating to the Personal Property in order to vest title in Lessor.
