Title to Properties definition

Title to Properties. The Trust has title to all of the Trust's assets owned or purported to be owned by the Trust as of the date hereof as shown on the pro forma balance sheet delivered pursuant to Section 3.3 hereof, including without limitation the Nuclear Fuel referred to in Schedule A to the Lease Agreement as of the Closing Date and all such assets are free of any Liens, except those which are of a character permitted by Section 8.12 hereof; provided, however, that, with respect to any title to assets acquired from the Lessee or any other vendor as provided in the Lease Agreement, the Trust (except with respect to its own actions) is making this representation and warranty only to the extent of and entirely in reliance on representations and warranties made by the Lessee or such other vendor in the Agreement of Sale or in the Vendors' Bills of Sale delivered from time to time pursuant to the Lease Agreement or in other instruments and has made no independent investigation with respect thereto.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Title to Properties. Except as set forth in Schedule 3.17, to the Jollays' knowledge, OPC and each OPC Subsidiary has good, valid and marketable title to all of its assets (except for those assets which are held pursuant to valid leases) of every kind, nature and description, tangible or intangible, wherever located, which constitute all of the property now used in and necessary for the conduct of its business as presently conducted (including without limitation all assets shown or reflected on the OPC Financial Statements). To the knowledge of the Jollays, the UCC-11 lien searches and the real estate title lien searches provided to the Jollays by Baker & Hostetler LLP set forth all mortgages, pledges, liens, ▇▇▇uri▇▇ ▇▇▇▇▇▇sts, and encumbrances relating to the assets of OPC and each OPC Subsidiary. Such real estate title lien searches reference all real property owned by OPC or any OPC Subsidiary. Except as set forth in Schedule 3.17, neither OPC nor any OPC Subsidiary leases any real property as a lessee.

Title to Properties. Either World Commerce Online, Inc. or one of its Subsidiaries owns all the material properties and assets that they purport to own (real, personal and nixed, tangible and intangible), including without limitation, all the material properties and assets reflected in the Balance Sheet (except for property sold since the date of the Balance Sheet in the ordinary course of business or leased under capitalized leases), and all the material properties and assets purchased or otherwise acquired by World Commerce Online, Inc. or any of its Subsidiaries since the date of the Balance Sheet.

Examples of Title to Properties in a sentence

• The Borrower shall not, and shall not cause or permit any Restricted Subsidiary to, at any time, directly or indirectly, create, incur, assume or suffer to exist any Lien on any property or assets of the Borrower or any Restricted Subsidiary, tangible or intangible, now owned or hereafter acquired, or agree or become liable to do so, except Permitted Liens, subject to the proviso in Section 6.8(a) [Title to Properties].

• Power and Authority; Compliance With Laws; Title to Properties; Event of Default.

• Section 4.1. Organization 25 Section 4.2. Authorization, Conflicts, Binding Effect 25 Section 4.3. Litigation; Adverse Facts 26 Section 4.4. Title to Properties; Liens 26 Section 4.5. Disclosure 26 Section 4.6. Payment of Taxes 26 Section 4.7. Disclosure Materials 27 Section 4.8. Authority Documents; Subsidiary Documents 27 Section 4.9. Reaffirmation of Representations and Warranties 27 Section 4.10.

• Subject to the qualifications and limitations set forth expressly in the Mortgages and in the proviso set forth in Section 6.8(a) [Title to Properties], the Liens granted to the Collateral Agent pursuant to each Mortgage constitute a valid first priority Lien on the Real Property under applicable law, subject only to Permitted Liens.

• Subject to the qualifications and limitations set forth expressly in the Mortgages and in the proviso set forth in Section 6.8(a) [Title to Properties], the Liens granted to the Collateral Agent pursuant to each Mortgage constitute a legal, valid and enforceable first priority Lien on the Real Property under applicable law, subject only to Permitted Liens.

• Title to Properties; Possession Under Leases............................................

• Title to Properties; Event of Default 49 6.1.2 Subsidiaries and Owners; Investment Companies 50 6.1.3 Validity and Binding Effect 50 6.1.4 No Conflict; Material Agreements; Consents 50 6.1.5 Litigation 50 6.1.6 Financial Statements 51 6.1.7 Margin Stock 51 6.1.8 Full Disclosure 51 6.1.9 Taxes 52 6.1.10 Patents, Trademarks, Copyrights, Licenses, Etc.

• Title to Properties; Possession Under Leases..............................

• Title to Properties; Possession under Leases ..............................................

• See the Atlanta Lease, the Hertford Lease and the Atlanta Apartment Lease referenced on Schedule 3.13 Title to Properties.

More Definitions of Title to Properties

Title to Properties. Except as set forth on Schedule 4.8 Franklin has good title to all of its properties and assets, both real and personal, tangible and intangible, reflected on the balance sheet included in the Audited Financial Statements or acquired after the date thereof (except inventory or other personal property disposed of in the ordinary course of business subsequent to the date thereof), and such properties and assets are not subject to any mortgage, pledge, lien, security interest encumbrance or charge other than (o) liens for current taxes not yet due and payable, (ii) liens and encumbrances that do not materially detract from the value of the property subject thereto or materially impair the operations of Franklin or (iii) liens securing obligations reflected in the Financial Statements. With respect to properties or assets it leases, except as set forth on Schedule 4.8, Franklin is in compliance with such leases (except for such defaults or breaches that would not, individually or in the aggregate, have a material adverse affect on assets, liabilities, condition (financial or otherwise), operating results, business or prospects) and holds valid leasehold interests free of any liens, claims or encumbrances except for those described in subsections (i) through (iii) hereof.