Examples of Transferred Real Property in a sentence
Each Seller owns and has valid title to the Transferred Real Property that is Owned Real Property owned by it and has valid leasehold or subleasehold interests, as the case may be, in all of the Transferred Real Property that is Leased Real Property leased or subleased by it, in each case, free and clear of all Encumbrances, other than Permitted Encumbrances.
Each of Sellers and the Purchased Subsidiaries has complied with the terms of each lease, sublease, license or other Contract relating to the Transferred Real Property to which it is a party, except any failure to comply that would not reasonably be expected to have a Material Adverse Effect.
With the prior written approval of USEPA, DOI and DOC/NOAA as applicable, and the applicable State, the Environmental Custodial Trust may, after the sale or lease of all or part of a Transferred Real Property to a third party pursuant to this Section, continue to conduct, manage, and/or fund Environmental Actions, and pay oversight costs, with respect to that property.
Nothing in this paragraph shall require the Debtors to provide any deed or other documentation other than a quit claim deed and personal property bill of sale without warranty for any Transferred Real Property.
Upon receipt of the Transferred Real Properties and the Funds, the Environmental Custodial Trust Trustee shall set aside in separate segregated trust accounts (each a “Custodial Trust Environmental Cost Account”), the Funding for Environmental Costs with respect to each Transferred Real Property.