Common use of Title to Transferred Assets Clause in Contracts

Title to Transferred Assets. (a) Except as set forth on Schedule 5.9, (i) the Seller has good legal title to all of the Transferred Assets and the Seller Fee Property, free and clear of any pledge, mortgage or security interest of any kind whatsoever; (ii) each Affiliate identified on Schedule 5.11(b) has good legal title to the Affiliate Fee Property identified as owned by such Affiliate, free and clear of any pledge, mortgage or security interest of any kind whatsoever; and (iii) with respect to the Third Party Real Property identified on Schedule 5.11(e), Seller has no Knowledge of any adverse claim against the title to such Third Party Real Property.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Pantry Inc), Asset Purchase Agreement (Pantry Inc)

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Title to Transferred Assets. (a) Except as set forth on Schedule 5.9, (i) the Seller has good legal title to all of the Transferred Assets and the Seller Fee Real Property, free and clear of any pledge, mortgage or security interest of any kind whatsoever; (ii) each Affiliate identified on Schedule 5.11(b) has good legal title to the Affiliate Fee Real Property identified as owned by such Affiliate, free and clear of any pledge, mortgage or security interest of any kind whatsoever; and (iii) with respect to the Third Party Real Property identified on Schedule 5.11(e5.11(c), Seller has no Knowledge of any adverse claim against the title to such Third Party Real Property.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Pantry Inc), Asset Purchase Agreement (Pantry Inc)

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Title to Transferred Assets. (a) Except as set forth on Schedule 5.95.9 and except for Permitted Liens, (i) the Seller has good legal title to all of the Transferred Assets and the Seller Fee Real Property, free and clear of any pledge, mortgage or security interest of any kind whatsoever; (ii) each Affiliate identified on Schedule 5.11(b) has good legal title to the Affiliate Fee Real Property identified as owned by such Affiliate, free and clear of any pledge, mortgage or security interest of any kind whatsoever; and (iii) with respect to the each Third Party Real Property identified on Schedule 5.11(e5.11(c), Seller has no Knowledge of any adverse claim against the title to such the Third Party Real PropertyProperty identified as owned by such Third Party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pantry Inc)

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