Title to Property Established Sample Clauses

Title to Property Established. Recipient represents and warrants that it is currently the owner of record of the Property in fee simple or under a current and valid lease agreement to utilize the Property for its current use. Any substantial (outside of normal surveyor error or boundary dispute) misrepresentation or breach of the above representation and warranty shall entitle FEDC to terminate the Agreement.
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Title to Property Established. Developer represents and warrants that it is currently the owner of record of the Property in fee simple. Any substantial (outside of normal surveyor error or boundary dispute) misrepresentation or breach of the above representation and warranty shall entitle FEDC to terminate the Agreement. Prior to commencement of any construction of the Infrastructure Improvements on the Property, the Developer shall provide FEDC with evidence of ownership of the Property by a tender of a current title commitment or title report indicating the fee simple owner of the Property. In the event the legal description of the Property is different from the legal description contained in Exhibit “A” such exhibit shall be revised accordingly. The revised Exhibit “A” shall be affixed hereto and a memorandum of this Agreement reasonably acceptable to Developer and FEDC shall be filed in the Real Property Records of Xxxxxxx County, Texas and shall become a covenant running with the land. Exhibit “A” as modified according to the verified and approved title commitment or title report shall be conclusive of the Property which is used to calculate the Public Improvements Participation.
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Title to Property Established. Developer represents and warrants that, notwithstanding anything in this Agreement to the contrary, it is currently under contract to purchase the Property (but does not own the Property at the time this Agreement is executed). Notwithstanding anything contained in this Agreement to the contrary, this Agreement, and the parties’ respective rights and obligations hereunder, shall be contingent upon the successful closing by Developer of its purchase of the Property and gaining title thereto. Prior to commencement of any construction of the Infrastructure Improvements on the Property, the Developer shall provide FEDC with evidence of ownership of the Property by a tender of a current title commitment or title report indicating the fee simple owner of the Property. In the event the legal description of the Property is different from the legal description contained in Exhibit “A” such exhibit shall be revised accordingly. The revised Exhibit “A” shall be affixed hereto and a memorandum of this Agreement reasonably acceptable to Developer and FEDC shall be filed in the Real Property Records of Xxxxxxx County, Texas and shall become a covenant running with the land. Exhibit “A” as modified according to the verified and approved title commitment or title report shall be conclusive of the Property which is used to calculate the Program Grant.
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Title to Property Established 
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Related to Title to Property Established

  • Title to Properties The Company and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as could not, individually or in the aggregate, have a Material Adverse Effect. As of the Closing Date, the property of the Company and its Subsidiaries is subject to no Liens, other than Permitted Liens.

  • Title to Property The Company and its Subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(t) or such as would not have a Material Adverse Effect. Any real property and facilities held under lease by the Company and its Subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as would not have a Material Adverse Effect.

  • Title to Improvements Any improvements, developments, adaptations and/or modifications to the Foreground Intellectual Property, and any and all new inventions or discoveries, based on or resulting from the use of Transnet’s Background Intellectual Property and/or Confidential Information shall be exclusively owned by Transnet. The Supplier/Service Provider shall disclose promptly to Transnet all such improvements, developments, adaptations and/or modifications, inventions or discoveries. The Supplier/Service Provider hereby undertakes to sign all documents and do all things as may be necessary to effect, record and perfect the assignment of such improvements, developments, adaptations and/or modifications, inventions or discoveries to Transnet and the Supplier/Service Provider shall reasonably assist Transnet in attaining, maintaining or documenting ownership and/or protection of the improved Foreground Intellectual Property.

  • Damage to Property Exhibitor is liable for any damage caused to building floors, walls or columns, or to standard booth equipment, or to other Exhibitor’s property. Exhibitor may not apply paint, lacquer, adhesives, or other coating to building columns and floors or to standard booth equipment.

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