CONDITION OF TITLE TO THE PROJECT. 3.1 Contributor hereby represents and warrants to SCOLP that the relevant Property Owner is, and as of the Closing Date, the relevant Property Owner shall be, the lawful owner of its Project and it holds, and as of the Closing Date, the relevant Property Owner shall hold, fee simple title to such Project. Subject to the terms and condition of the Omnibus Agreement concerning Material Title/Survey Defects, and further subject to the condition that SCOLP receives the Required Title Policies described below at Closing, SCOLP acknowledges that the Property Owners hold title to their respective Projects subject to the following matters (hereinafter referred to as the "Permitted Exceptions"):
Appears in 4 contracts
Samples: Contribution Agreement (Sun Communities Inc), Contribution Agreement (Sun Communities Inc), Membership Interest Purchase Agreement (Sun Communities Inc)
