Clear Ownership Sample Clauses

Clear Ownership. It is, and will continue to be, the record and beneficial owner of 100% of each Lease and all Equipment subject to Leases in which it is named as Lessor free and clear to all mortgages, deeds of trust, pledges and other liens, security interests, charges or encumbrances, except for liens for taxes due but not yet payable and liens in favor of Lender and shall promptly deliver to Lender any executed counterparts of Leases which were not delivered to Lender pursuant to Section 5.3(a) and which have subsequently come into its or CCI's possession. Notwithstanding the foregoing, TSFC shall be entitled to transfer to CCI or a subsidiary corporation of CCI record and beneficial ownership of any Equipment subject to Leases in which TSFC is named as Lessor, provided that: (a) TSFC remains fully bound under the Agreement with respect to all Obligations, including the Obligations assumed by the assignee; (b) the assignee assumes in writing the Obligations of TSFC under this Agreemen, subject to all the terms and conditions hereof and Lender's rights and remedies hereunder, and recognizes the continuing validity and priority of the lien of Lender in the Equipment; (c) the assignee executes any documentation reasonably required by Lender to facilitate the foregoing provisions of this Section 9.7 and the Operating Agreement; and (d) the assignee and TSFC execute and file all Uniform Commercial Code financing statements and assignment statements necessary or appropriate, in Lender's sole judgment, to continue, perfect and protect Lender's first priority security interest in the Collateral hereunder.
Sample 1
AutoNDA by SimpleDocs
Clear Ownership. 22 9.8 Filings. . . . . . . . . . . . . . . . . . . . . . . . . . . 23 9.9 Actions. . . . . . . . . . . . . . . . . . . . . . . . . . . 23 9.10
Sample 1Sample 2
Clear Ownership. The interests of SPE and TSFC combined are, and will continue to be, the record and beneficial ownership of 100% of each Lease and all Equipment subject to Leases in which TSFC is named as Lessor, free and clear of all mortgages, deeds of trust, pledges, and other liens, security interests, charges, or encumbrances, except for liens for taxes due but not yet payable and liens in favor of Lender, and shall promptly deliver to Lender any executed counterparts of Leases that were not delivered to Lender pursuant to Section 5.3(a) and that have subsequently come into TSFC's or CCI/Triad's possession. Notwithstanding the foregoing, TSFC and SPE shall be entitled to transfer to CCI/Triad or a subsidiary corporation of CCI/Triad record and beneficial ownership of any Equipment subject to Leases in which TSFC is named as Lessor, provided that: (a) SPE remains fully bound under this Agreement and the other Operative Documents with respect to all Obligations assumed by the assignee; (b) the assignee assumes in writing the Obligations of SPE under this Agreement and the other Operative documents and recognizes the continuing validity and priority of the lien of Lender in the Collateral; and (c) the assignee executes any documentation reasonably required by Lender to facilitate the foregoing provisions of this Section 9.7.
Sample 1
Clear Ownership. The interests of SPE and TSFC combined are, and will continue to be, the record and beneficial ownership of 100% of each Lease and all Equipment subject to Leases in which TSFC is named as Lessor, free and clear of all mortgages, deeds of trust, pledges and other liens, security interests, charges or encumbrances, except for liens for taxes due but not yet payable and liens in favor of Lender, and shall promptly deliver to Lender any executed counterparts of Leases which were not delivered to Lender pursuant to Section 5.3(a) and which have subsequently come into
Sample 1
Clear Ownership. The interests of SPE and TSFC combined are, and will continue to be, the record and beneficial ownership of 100% of each Lease and all Equipment subject to Leases in which TSFC is named as Lessor, free and clear of all mortgages, deeds of trust, pledges and other liens, security
Sample 1
Clear Ownership. 21 9.8 Filings................................................... 21 9.9 Actions................................................... 21 9.10
Sample 1
Clear Ownership. On the Closing Date, it is the record and beneficial owner of 100% of each Lease and all Equipment subject to Leases in which it is named as Lessor free and clear to all mortgages, deeds of trust, pledges and other liens, security interests, charges or encumbrances, except for liens for taxes due but not yet payable and shall promptly deliver to MUSL any executed counterparts of Leases which were not delivered to MUSL pursuant to Section 5.3(a) and which have subsequently come into its or CCI's possession.
Sample 1
AutoNDA by SimpleDocs

Related to Clear Ownership

  • Record Ownership The Company, or its attorney, shall maintain a register of the Holder of the Debentures (the "Register") showing their names and addresses and the serial numbers and principal amounts of Debentures issued to them. The Register may be maintained in electronic, magnetic or other computerized form. The Company may treat the person named as the Holder of this Debenture in the Register as the sole owner of this Debenture. The Holder of this Debenture is the person exclusively entitled to receive payments of interest on this Debenture, receive notifications with respect to this Debenture, convert it into Common Stock and otherwise exercise all of the rights and powers as the absolute owner hereof.

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

  • Company Ownership Company will own its respective right, title, and interest, including Intellectual Property Rights, in and to the Company Data. Company hereby grants BNYM a limited, nonexclusive, nontransferable license to access and use the Company Data, and consents to BNYM’s permitting access to, transferring and transmitting Company Data, all as appropriate to Company’s use of the Licensed Rights or as contemplated by the Documentation.

  • Share Ownership No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company’s unregistered securities is an owner of shares or other securities of any member of FINRA participating in the Offering (other than securities purchased on the open market).

  • Stock Ownership Attached hereto as Schedule 8 is a true and correct list of all the duly authorized, issued and outstanding stock of each Subsidiary and the record and beneficial owners of such stock. Also set forth on Schedule 8 is each equity Investment of the Borrower and each Subsidiary that represents 50% or less of the equity of the entity in which such investment was made.

  • Account Ownership Based upon the type of account ownership that you have designated; the following terms and conditions apply.

  • Management, Ownership The Company shall not materially change its ownership, executive staff or management without the prior written consent of the Secured Party. The ownership, executive staff and management of the Company are material factors in the Secured Party's willingness to institute and maintain a lending relationship with the Company.

  • Property Ownership The Fund owns or leases all such properties as are necessary to the conduct of its operations as presently conducted.

  • Foreign Ownership Seller is not a “foreign person” as that term is defined in the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated pursuant thereto, and Buyer has no obligation under Section 1445 of the U.S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. Internal Revenue Service any part of the “amount realized” by Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

  • Initial Beneficial Ownership Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.5 and until the issuance of the Excess Distribution Certificate, the Depositor shall be the sole beneficial owner of the Trust.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!