Good Title definition

Good Title means, with respect to any Property, a good and valid title to such Property that is free from reasonable doubt, is superior to any other titles and claims with respect to such Property, and could not be reasonably expected to expose the party who holds such title to the hazards of litigation with respect to the validity and priority of such title.

Good Title to the best of its knowledge without due enquiry, the Trustee is the lawful owner of the Assets of the Series Trust and has power under the Master Trust Deed to mortgage or charge them in the manner provided in the Security Trust Deed.

Good Title the Borrower is the legal owner of the assets of the PUMA Trust and has power under the Trust Deed to mortgage or charge them in the manner provided in the Security Trust Deed.

Examples of Good Title in a sentence

• Good title, free of liens, encumbrances and special assessments is assumed.

• The warranties in these Terms and Conditions are in lieu of all other warranties, express or implied (other thann Good title), including without limitation, any warranties of merchantability or fitness for a particular purpose, whether otherwise arising by Law, costum, usage, trade practice, course of deal- ing, or course of performance, said warranties being expressely disclaimed.

• Good title can be given if a vendor is able to offer substantial performance but there may be some abatement of the purchase price (Goldful Way Development Limited v Wellstable Development Limited [1999] 1 HKLRD 563).

• Where a property is held on a Common Good title, the interests of the inhabitants of the former burgh take precedence over the Council’s Corporate Plan and 10 Year Plan (LOIP).

• Good title could never have passed to the defendants, whose remedy lay ‘at the doorstep of the person who purportedly sold them the land which they did not have title to’.

More Definitions of Good Title

Good Title means such title that is free from reasonable doubt to the end that a prudent person engaged in the business of purchasing and owning, developing, and operating producing or non-producing oil and gas properties in the geographical areas in which they are located, with knowledge of all of the facts and their legal bearing, would be willing to accept the same acting reasonably.

Good Title means, in the case of personal property, good and assignable title, and, in the case of real property, title as shown by the Title Commitment, subject to the matters described in this Agreement, including Permitted Encumbrances.

Good Title means good and marketable title in fee simple, free and clear of all liens, encumbrances, agreements, restrictions and burdens, except for Permitted Encumbrances.

Good Title means good and defensible title which is (i) evidenced by an instrument or instruments filed of record in accordance with the conveyance and recording laws of the applicable jurisdiction and is sufficient against competing claims of bona fide purchasers for value without notice and (ii) free and clear of all liens, security interest, claims, infringements, and other burdens of encumbrances.

Good Title means good and defensible title which is (i) evidenced by an instrument or instruments filed of record in accordance with the conveyance and recording laws of the applicable jurisdiction and is sufficient against competing claims of bona fide purchasers for value without notice and (ii) free and clear of all liens, security interest, claims, infringements, and other burdens of encumbrances, other than such liens, security interests, claims, infringements, and other burdens of encumbrances that a reasonably prudent purchaser of oil and gas properties would accept in light of the value of the property affected, the improbability of assertion of the defect or irregularity or the degree of difficulty or the cost of performing curative work.

Good Title means (i) with respect to all Purchased Assets other than Mineral Interests, good and marketable title to the Purchased Assets, free and clear of all Liens, except Permitted Liens, or in the case of leased Real Property, valid leasehold interests in the Purchased Assets, and (ii) with respect to the Mineral Interests in the Xxxxxxxxx Unit, such title that (A) entitles Pennzoil to receive all of the Net Revenue Interest set forth on SCHEDULE 3.8(b) with respect to the Minerals produced from or allocated to the Mineral Interests in the Xxxxxxxxx Unit, or of the full proceeds from the sale or other disposition of such Minerals; (B) obligates Pennzoil to bear a proportion of the costs and expenses relating to operations on, and the maintenance and development of, the Mineral Interests in the Xxxxxxxxx Unit, not greater than the Working Interest set forth on SCHEDULE 3.8(b); and (C) is free and clear of Mineral Title Defects and Liens, except the Permitted Liens.

Good Title has the meaning provided in Section 11(s).