Common use of Sole Owner Clause in Contracts

Sole Owner. Seller is the sole owner of fee simple interest to the Property. Seller shall not take any action to affect title to the Property while this Agreement is in effect, and the sole and exclusive possession of the Property shall be delivered to Purchaser on or before the date of Closing and there shall be no leases or other rights to occupancy in effect at Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Lease Agreement

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Sole Owner. Seller is Sellers are the sole owner of fee simple interest to each of the PropertyParcels. Neither Seller shall not take any action to affect title to any portion of the Property while this Agreement is in effect, and the sole and exclusive possession of the Property shall be delivered to Purchaser Buyer on or before the date of Closing and there shall be no leases or other rights to occupancy in effect at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Luna Azul Development Fund, LLC)

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Sole Owner. Seller is is, or as of the Closing will be, the sole owner of fee simple interest to the Property. Except as expressly permitted herein, Seller shall not take any action to affect title to the Property while this Agreement is in effect, and the sole and exclusive possession of the Property shall be delivered to Purchaser Buyer on or before the date of Closing Closing, subject only to the Permitted Exceptions, and there shall be no leases or other rights to occupancy or rights of use in effect at Closing.

Appears in 1 contract

Samples: Option Agreement

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