Good and Indefeasible Title Sample Clauses

Good and Indefeasible Title. At the Closing, Seller will have good and indefeasible title to the Developed Land, the Undeveloped Land, the Roadway Land and the Improvements, subject only to the Permitted Exceptions. Notwithstanding the foregoing, Purchaser agrees that in the event of a partial or complete failure of title, Purchaser shall make reasonable efforts to collect any losses incurred by Purchaser from the Title Company, Escrow Agent, Chicago and Rattikin before pursuing any claim against Seller. Reasonable efforts to collect losses from the Title Company, Escrow Agent, Chicago and Rattikin shall include pursuing litigation in appropriate courts of law, until a final non-appealable judgment is issued. If (i) a final non-appealable judgment is issued in favor of Purchaser, (ii) the party responsible for the payment of the judgment fails to pay same within ninety (90) days after the entry of the final non-appealable judgment, and (iii) Seller is legally liable for the partial or complete failure of the title, then Seller shall pay the amount of such judgment and Purchaser's reasonable third party costs incurred in connection with obtaining the final non-appealable judgment, subject to the condition that Purchaser assigns to Seller all of its rights and claims against the responsible parties under such final non-appealable judgment.
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Good and Indefeasible Title. Seller has good and indefeasible title to the Property, subject only to the exceptions to title set forth in the Title Commitment;
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Good and Indefeasible Title. At the Closing, Cherokee and the State shall convey to Purchaser, by the Deeds (as defined below), fee simple title to the Property, free and clear of any and all liens, encumbrances, conditions, easements, rights-of-way, assessments and restrictions, except for the following (collectively, the “Permitted Exceptions”): 1. General real estate taxes and assessments for the year of closing and subsequent years. 2. Matters indicated in the Title Commitment which are not objected to by Purchaser or as to which Purchaser’s objections are waived or deemed waived. 3. A reservation of all mineral interests owned by Cherokee and the State in the Property, but with a waiver of all rights by Cherokee and the State to use the surface of the Property for mineral exploration or production purposes. 4. Any other matters expressly contained herein.
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Good and Indefeasible Title. Company has good and indefeasible title in fee simple to the Real Property reflected as being owned by it on Schedule 4.26 subject to the covenants, easements, encroachments, restrictive covenants, rights-of-way, servitudes, or other interests or rights which burden such Real Property which do not materially effect the current use of such Real Property.
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Good and Indefeasible Title. Section 5.01. Conveyance................................................. 9 Section 5.02. Owner Policy............................................... 10 ARTICLE VI Closing ------- Section 6.01. Closing.................................................... 10 Section 6.02. Seller's Obligations....................................... 10 Section 6.03. Purchaser's Obligations.................................... 12 Section 6.04. Possession................................................. 12
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Good and Indefeasible Title 
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Related to Good and Indefeasible Title

  • Good and Marketable Title The Selling Shareholder now has and at the Closing Time will have good and marketable title to the Securities to be sold by it, free and clear of any liens, encumbrances, equities and claims, and full right, power and authority to effect the sale and delivery of the Securities. Upon the delivery of, against payment for, the Securities pursuant to this Agreement and the Bidder Letter with each Winning Bidder and, assuming a Winning Bidder does not have notice of any adverse claim (within the meaning of the Uniform Commercial Code as in effect in the State of New York), such Winning Bidder will acquire good and marketable title thereto, free and clear of any liens, encumbrances, equities and claims.

  • Good Title Immediately prior to each purchase hereunder, Seller shall be the legal and beneficial owner of the Receivables and Related Security with respect thereto, free and clear of any Adverse Claim, except as created by the Transaction Documents. There have been duly filed all financing statements or other similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate jurisdictions to perfect Seller’s ownership interest in each Receivable, its Collections and the Related Security.

  • Marketable Title Upon payment of the purchase price, a Deed for the property shall be executed by the Seller and shall convey the property to the Buyer. Title to the property shall be good and marketable, free of liens, encumbrances, subject to all applicable ground rent, covenants, conditions, restrictions, easements, rights of way, laws, ordinances, regulations, charges, taxes and assessments, rights of others in party walls of the Property, and any other matters of record. The buyer has the right to choose his own settlement agent or attorney to conduct settlement.

  • Good Title to Property The Company and each of the Subsidiaries has good and valid title to all property (whether real or personal) described in the Registration Statement, the Disclosure Package and the Prospectus as being owned by each of them, in each case free and clear of all liens, claims, security interests, other encumbrances or defects except such as are described in the Registration Statement, the Disclosure Package and the Prospectus and those that would not, individually or in the aggregate materially and adversely affect the value of such property and do not materially and adversely interfere with the use made and proposed to be made of such property by the Company and the Subsidiaries. All of the property described in the Registration Statement, the Disclosure Package and the Prospectus as being held under lease by the Company or a Subsidiary is held thereby under valid, subsisting and enforceable leases, without any liens, restrictions, encumbrances or claims, except those that, individually or in the aggregate, are not material and do not materially interfere with the use made and proposed to be made of such property by the Company and the Subsidiaries.

  • Good title to assets It and each of its Subsidiaries has a good, valid and marketable title to, or valid leases or licences of, and all appropriate Authorisations to use, the assets necessary to carry on its business as presently conducted.

  • Priority of Liens; Title to Properties The security interests and liens granted to Agent under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 8.4 to the Information Certificate and the other liens permitted under Section 9.8 hereof. Each Borrower and Guarantor has good and marketable fee simple title to or valid leasehold interests in all of its Real Property and good, valid and merchantable title to all of its other properties and assets subject to no liens, mortgages, pledges, security interests, encumbrances or charges of any kind, except those granted to Agent and such others as are specifically listed on Schedule 8.4 to the Information Certificate or permitted under Section 9.8 hereof.

  • FOR GOOD AND VALUABLE CONSIDERATION Borrower hereby forever relieves, releases, and discharges Bank and its present or former employees, officers, directors, agents, representatives, attorneys, and each of them, from any and all claims, debts, liabilities, demands, obligations, promises, acts, agreements, costs and expenses, actions and causes of action, of every type, kind, nature, description or character whatsoever, whether known or unknown, suspected or unsuspected, absolute or contingent, arising out of or in any manner whatsoever connected with or related to facts, circumstances, issues, controversies or claims existing or arising from the beginning of time through and including the date of execution of this Amendment (collectively “Released Claims”). Without limiting the foregoing, the Released Claims shall include any and all liabilities or claims arising out of or in any manner whatsoever connected with or related to the Loan Documents, the Recitals hereto, any instruments, agreements or documents executed in connection with any of the foregoing or the origination, negotiation, administration, servicing and/or enforcement of any of the foregoing.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Title to Properties and Assets Each Group Company has good and marketable title to all respective properties and assets, in each case such property and assets are subject to no Liens. With respect to the property and assets it leases, each Group Company is in compliance with such leases and holds valid leasehold interests in such assets free of any Liens.

  • Owned Real Property The Company does not own any real property.

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