Title to Leased Property. At all times during the Lease Term, title to the Leased Property shall remain in the County, subject to the Site Lease, this Lease, the Indenture and any other Permitted Encumbrances. A leasehold estate in the Leased Property and any and all additions and modifications thereto and replacements thereof shall be held in the name of the Trustee under the Site Lease, subject to the provisions of this Lease, until the Trustee’s interest in the Leased Property is transferred or otherwise disposed of as provided herein and in the Lease.
Title to Leased Property. (a) City holds and shall maintain fee simple title to the Leased Property. City acknowledges that WDDF shall own any improvements constructed on the Leased Property by WDDF.
Title to Leased Property. On the Document Closing Date, the Lessor shall have good and recorded title in fee simple estate to the Leased Property, free and clear of all Liens other than Permitted Liens.
Title to Leased Property. The CRA represents, covenants and warrants that it has good and marketable fee simple title to the Leased Property and all of the improvements thereon (other than the Reverter Property), which title is free and clear from all covenants, easements, liens, clouds of title or other exceptions except for the Permitted Exceptions. Developer acknowledges that as of the Effective Date of this Lease the condition of title to the Leased Property, is acceptable to Developer and Developer waives any right to object to same, subject to the acquisition of the Reverter Property by the CRA.
Title to Leased Property. The School Board represents and warrants that it is the owner in fee simple of the Leased Property and that its title is good and marketable.
Title to Leased Property. LIMITATIONS ON ENCUMBRANCES 22 Section 7.1 Title to the Leased Property; Title Insurance 22 Section 7.2 No Encumbrance, Mortgage or Pledge of the Leased Property. 22 ARTICLE 8 MAINTENANCE; TAXES; INSURANCE AND OTHER CHARGES 24 Section 8.1 Maintenance of the Leased Property by the Town. 24
Title to Leased Property. Except for personal property purchased by the School Board at its own expense, title to the Leased Property and any and all additions and modifications to or replacements of any portion of the Leased Property will be held in the County's name, subject only to Permitted Encumbrances, until foreclosed upon or conveyed as provided in the Financing Agreement or the Financing Agreement, notwithstanding (a) the occurrence of one or more events of default as defined in Financing Agreement Section 10.1; (b) the occurrence of any event of damage, destruction, condemnation or construction or title defect; or (c) the County's violation of any provision of this Lease. The School Board has no right, title or interest in the Leased Property or any additions and modifications to or replacements of any portion of the Leased Property, except as expressly set forth in this Lease, or the reverter deed by which the School Board conveyed title to the Leased Property to the County.
Title to Leased Property. Lessor covenants, represents and warrants that Lessor has full right and lawful authority to enter into this Lease Agreement for the term hereof, is lawfully seized of the Leased Property and has good and marketable fee simple title thereto, free and clear of all liens and encumbrances except those set forth on Schedule A, Part II (the “Permitted Encumbrances”).
Title to Leased Property. The Board represents and warrants to the Lessee that it has the power and authority to execute this Lease and to carry out and perform all covenants to be performed by the Board under this Lease.
Title to Leased Property. LIMITATIONS ON ENCUMBRANCES Title to the Leased Property. At all times during the Lease Term, title to the Leased Property shall remain in the City, subject to the Site Lease, this Lease, the Indenture and any other Permitted Encumbrances. Except personal property purchased by the City at its own expense pursuant to Section 10.2 of this Lease, a leasehold estate in the Leased Property and any and all additions and modifications thereto and replacements thereof shall be held in the name of the Trustee until the Trustee has exercised Lease Remedies or until the Trustee’s leasehold interest in the Leased Property is conveyed to the City as provided in Article 13 of this Lease, or until termination of the Site Lease, notwithstanding: (i) the occurrence of an Event of NonappropriationNon-appropriation as provided in Section 7.4 of this Lease, respectively, or one or more Events of Lease Default as defined in Section 15.1 of this Lease; (ii) the occurrence of any event of damage, destruction, condemnation or construction defect or title defect, as provided in Article 11 of this Lease; or (iii) the violation by the Trustee (or by the Trustee as assignee of the Lessor pursuant to the Indenture) of any provision of the Site Lease or this Lease.
