Fee Title. Seller is the sole current legal and beneficial fee simple title holder of the Property and has the authority and power to enter and execute this Agreement and convey the Property to Buyer free and clear of the claims of any third 5 - Purchase and Sale Agreement party or parties (including, without limitation, any elective share, dower, curtesy or community property rights of any spouse), except for the Permitted Exceptions without further authorization or signature of any other person;
Fee Title. Except as otherwise set forth in the Title Reports and Opinions listed on Exhibit D hereto, Mortgagor holds and owns good and marketable title in fee simple to the fee lands and patented mining claims which constitute part of the Property, and has all right, full power and lawful authority to mortgage and pledge the same and Mortgagee may at all times peaceably and quietly enter upon, hold, occupy and enjoy such Property in accordance with the terms of this Mortgage. Mortgagor is in exclusive possession of such Property, and such Property is free and clear of all damages, claims, encumbrances, liens, royalties and security interests, except Permitted Encumbrances and Encumbrances identified in Exhibit A and except as otherwise set forth in the Title Reports and Opinions listed on Exhibit D hereto.
Fee Title. Mortgagor covenants that so long as any of the Debt remains unpaid, the Leasehold shall not merge in or with the fee title or in or with any other estate or interest in the Real Estate, but always shall be complete, separate and distinct notwithstanding the occurrence of any event or events by which the Leasehold may become vested in the same person in whom said fee title is vested.
Fee Title. Fee title to the applicable Finished Lot shall have been acquired by Borrower and Administrative Agent shall have received evidence of such acquisition satisfactory to Administrative Agent in its sole and absolute discretion.
Fee Title. Seller has good and marketable title to the Property free and clear of all liens, covenants, conditions, restrictions, rights-of-way, easements and encumbrances of any kind or character whatsoever, except those currently existing of record on the date of this Agreement.
Fee Title. Seller has the authority and power to enter and execute this Agreement and convey the Property to Buyer free and clear of the claims of any third party or parties (including, without limitation, any elective share, dower, curtesy or community property rights of any spouse), except for the Permitted Exceptions, without further authorization or signature of any other person;
Fee Title. The Town is the owner in fee of title or, in the case of the Streets, has a right of entry, to the Property. No lien or encumbrance on the Property materially impairs the Town’s use of the Property for the purposes for which it is, or may reasonably be ex- pected to be, held.
Fee Title. At Closing, Seller shall convey to Purchaser good, marketable and insurable title to the Property, subject only to the Permitted Exceptions.
Fee Title. At or prior to the Closing, the Shareholders shall --------- have contributed or sold to Deep Run good and marketable fee title to the approximately ten acres of real property adjoining the Deep Run factory in Dublin, Pennsylvania currently used as a residence by Xxxx X. Xxxxxx and Xxxxx X. Xxxxxx (the "ADDITIONAL PARCELS"), subject to no liens or encumbrances other than Permitted Exceptions. Following such contribution or sale, Xxxx Xxx shall lease the Additional Parcels back to Xxxx X. Xxxxxx and Xxxxxx X. Xxxxxx, rent-free, until December 31, 1999 (or such shorter period as may be determined by Xxxx X. Xxxxxx and Xxxxxx X. Xxxxxx), which time period may be extended by agreement among the Buyer, Deep Run, Xxxx X. Xxxxxx and Xxxxxx X. Xxxxxx.
Fee Title. Except for the exceptions to and exclusions from title disclosed in the Preliminary Commitment or any update thereto or in the Title Documents (collectively, the “Title Exceptions”), Seller is the sole current legal and beneficial fee simple title holder of the Property and has the authority and power to enter and execute this Agreement and convey the Property to Buyer free and clear of the claims of any third party or parties (including, without limitation, any elective share, dower, curtesy or
