VEHICLE TITLE Sample Clauses

VEHICLE TITLE. Title to the Vehicles and all equipment delivered to SHRCO under this lease shall remain in STTC or its designee. SHRCO shall, at all times, at its sole cost, keep the Vehicles and related equipment free and clear from all liens, encumbrances, levies, attachments or other judicial process from every cause whatsoever, (other than a claimant through an act of STTC), and shall give STTC immediate written notice thereof and shall indemnify and hold STTC harmless from any loss or damage, including attorneys' fees, caused thereby.
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VEHICLE TITLE. Without limiting anything set forth herein, Owner has full and clear title to the Vehicle, other than with respect to any loan, note, security agreement or other similar lending agreement or interest of any nature (collectively, a “Loan”). If the Vehicle is subject to a Loan, Owner must promptly provide Shift with a payoff information statement (the “Payoff Information Statement”) containing all relevant bank information and Loan details, including: ● Maturity Date ­ the termination date upon which any Loan must be paid in full ● Principal Amount Outstanding ­ total principal amount remaining on any Loan ● Payoff Amount (if different from Principal Amount Outstanding) ­ exact payment amount required by bank or lending institution to satisfy any Loan and fully release all associated liens on vehicle (the “Loan Payoff Amount”) ● Payoff Statement Expiration Date ­ date upon which the above information contained in the Payoff Information Statement will no longer be accurate or complete ● Bank Payment Information ­ Name of the bank or lending institution, address, payment account information including routing and account numbers The Parties agree that, in addition to the payment terms contained in Section 9, if the Vehicle is subject to a Loan, Shift may arrange for or otherwise facilitate the payoff of any amounts still owed in connection with any Loan. All amounts owed in connection with the Loan must be paid off completely, including any fees or charges incurred in connection with paying off the Loan, prior to transfer of ownership of the Vehicle to the Buyer. Notwithstanding anything to the contrary contained in this Agreement, any amounts paid or expenses incurred by Shift to discharge any Vehicle Loan shall be subtracted from amounts otherwise due to Owner under this Agreement. Owner agrees to sign any and all documentation required to release all prior liens or other encumbrances and transfer ownership of the Vehicle upon sale of the Vehicle to a Buyer. Shift will recommend a secure storage location for the title of the Vehicle, which will be kept in a locked safety box until needed for transfer of ownership of the Vehicle to a Buyer. Owner maintains ownership of the Vehicle, including title documents, throughout the Term until a Buyer purchases the Vehicle from Owner. Pursuant to the rules and regulations of the state in which Owner resides, title documents may alternatively be kept in the possession of such applicable state’s motor vehicle agency or th...
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VEHICLE TITLE. For non-financed vehicles, Shift will send the vehicle title with appropriate signatures evidencing the transfer of legal ownership to Lithia within five (5) business days of receiving the Acquisition Price and Shift service fee from Lithia. For financed vehicles, Shift will facilitate the loan payoff and lien release, then will send the vehicle title with appropriate signatures evidencing the transfer of legal ownership to Lithia within approximately fifteen (15) business days (subject to extension based on lender delays outside Shift’s reasonable control) of receiving the Acquisition Price and Shift service fee from Lithia.
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VEHICLE TITLE. Title to the Vehicles and all equipment delivered to CUSTOMER under this VLSA shall remain in PENSKE TRUCK LEASING or its designee. CUSTOMER shall, at all times, at its sole cost, keep the Vehicles and related equipment free and clear from all liens, encumbrances, levies, attachments or other judicial process from every cause whatsoever, (other than a claimant through an act of PENSKE TRUCK LEASING), and shall give PENSKE TRUCK LEASING immediate written notice thereof and shall indemnify and hold PENSKE TRUCK LEASING harmless from any loss or damage, including attorneys' fees, caused thereby.
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VEHICLE TITLE. With respect to the Private Party/Person to Person Purchase Program, as described in Exhibit A1, any Vehicle described in the Loan Documents, title to which is required to be evidenced by a certificate of title issued by the state motor vehicle division or agency, or any other bureau, agency or jurisdiction, shall (a) have valid certificates of title issued thereof for which E-LOAN shall apply or cause to be made, evidencing each Borrower's ownership of the Vehicle and that WFS's lien to secure payment of the Loan is noted on such title as a valid, first lien on the Vehicle; and (b) that such Vehicle will be covered by valid, effective physical damage insurance at the time of the closing of the Loan (as evidenced by a valid insurance card or binder or other similar proof of insurance); and (c) E-LOAN agrees to furnish evidence of the application for title with WFS shown as loss payee at the time of disbursement of the Loan proceeds; and (d) the certificate of title showing WFS as the lienholder shall be forwarded to WFS by E-LOAN or state DMV, as the case may be, within one hundred and twenty (120) days from the date of the Loan.
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VEHICLE TITLE. The hirer acknowledges that the lessor retains title to the Vehicle and its contents. The hirer does not have any right to pledge the lessor’s credit in connection with the Vehicle and agrees not to do so. The hirer shall not agree, attempt, offer or purport to sell, assign, sublet, lend, pledge, mortgage, let on hire, or otherwise part with or attempt to part with the personal possession of or otherwise deal with the Vehicle.
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Related to VEHICLE TITLE

  • Vehicle Titles The necessary certificates of titles duly endorsed for transfer together with any required affidavits and other documentation necessary for the transfer of title or assignment of leases from Seller to Buyer of any motor vehicles used in connection with the Hotel’s operations.

  • Marketable Title Upon payment of the purchase price, a Deed for the property shall be executed by the Seller and shall convey the property to the Buyer. Title to the property shall be good and marketable, free of liens, encumbrances, subject to all applicable ground rent, covenants, conditions, restrictions, easements, rights of way, laws, ordinances, regulations, charges, taxes and assessments, rights of others in party walls of the Property, and any other matters of record. The buyer has the right to choose his own settlement agent or attorney to conduct settlement. In the event that Seller cannot convey good and marketable title, the Purchaser(s) sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit, this sale shall be null and void and of no effect, and the Purchaser shall have no further claim against the Seller(s) or Auctioneers.

  • Clear Title Seller owns good and marketable title in and to the Asset.

  • Property Title (a) Borrower has good and marketable fee simple legal and equitable title to the real property comprising the Property, subject to Permitted Liens. The Mortgage Documents, when properly recorded and/or filed in the appropriate records, will create (i) a valid, first priority, perfected Lien on Borrower’s interest in the Property, subject only to the Permitted Liens, and (ii) perfected security interests in and to, and perfected collateral assignments of, all personalty (including the Leases), all in accordance with the terms thereof, in each case subject only to the Permitted Liens.

  • Defensible Title The term “Defensible Title” to the Assets means such title of Seller that, subject to and except for the Permitted Encumbrances:

  • Xxxxx Title President Attest: /s/Txxxxx X. Xxxxx -------------------- ACME TELEVISION HOLDINGS OF UTAH, LLC By: ACME Television, LLC, its majority member By: ACME Intermediate Holdings, LLC, its majority member By: ACME Television Holdings, LLC, its majority member

  • Valid Title Such Selling Stockholder has, and at the Closing Time will have, valid title to the Securities to be sold by such Selling Stockholder free and clear of all security interests, claims, liens, equities or other encumbrances and the legal right and power, and all authorization and approval required by law, to enter into this Agreement and the Power of Attorney and Custody Agreement and to sell, transfer and deliver the Securities to be sold by such Selling Stockholder.

  • Good and Marketable Title The Selling Shareholder now has and at the Closing Time will have good and marketable title to the Securities to be sold by it, free and clear of any liens, encumbrances, equities and claims, and full right, power and authority to effect the sale and delivery of the Securities. Upon the delivery of, against payment for, the Securities pursuant to this Agreement and the Bidder Letter with each Winning Bidder and, assuming a Winning Bidder does not have notice of any adverse claim (within the meaning of the Uniform Commercial Code as in effect in the State of New York), such Winning Bidder will acquire good and marketable title thereto, free and clear of any liens, encumbrances, equities and claims.

  • Valid Transfer and Security Interest This Agreement constitutes a grant of a security interest in all of the Collateral Portfolio to the Trustee, for the benefit of the Secured Parties, which upon the delivery of the Required Loan Documents to the Collateral Custodian, the crediting of Loan Assets to the Controlled Accounts and the filing of the financing statements, shall be a valid and first priority perfected security interest in the Loan Assets forming a part of the Collateral Portfolio and in that portion of the Loan Assets in which a security interest may be perfected by filing subject only to Permitted Liens. Neither the Borrower nor any Person claiming through or under Borrower shall have any claim to or interest in the Controlled Accounts and, if this Agreement constitutes the grant of a security interest in such property, except for the interest of the Borrower in such property as a debtor for purposes of the UCC.

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