Florida Property. Borrower has good and valid title to the property located at 0000 Xxxx Xxxx Xxxxxxxxx, Sanford, FL 32773 as at the date hereof and, except for the security interest granted hereunder, such property is free and clear of any and all mortgages, liens, pledges, claims, charges and encumbrances.
Florida Property. The Agent shall have the right to amend the Security Deed encumbering the Florida Property to increase the maximum principal amount of Obligations secured by such Security Deed. Accordingly, the Florida Borrower hereby constitutes and appoints the Agent as the attorney-in-fact of the Florida Borrower with full power of substitution either in the Agent’s name or in the name of the Florida Borrower to do any of the following: (a) execute an amendment to such Security Deed to increase the maximum principal amount of Obligations secured by such Security Deed and (b) to take any other action and execute any other document, instrument or agreement which the Agent may deem necessary or advisable to accomplish the purposes of this subsection. All documentary stamp taxes, intangibles taxes and other taxes paid by the Agent in respect of the filing of any such amendment shall constitute Obligations of the Borrower. The power of attorney granted herein is irrevocable and coupled with an interest.
Florida Property. 37 7.14 Consent to Use of Similar Name ........................................................... 37
Florida Property. Sellers covenant that prior to the Closing Date, at their cost and expense, they have caused the Company to transfer those assets and liabilities of the Company's Florida facility, which Buyer is not purchasing, out of the Company. Sellers shall indemnify Buyer, in accordance with Section 11.2, for any Adverse Effect to Buyer resulting from such transfer. ------------
Florida Property
