Common use of Good Title and No Liens Clause in Contracts

Good Title and No Liens. Borrower is the lawful owner of the Property and of areas over, under or on which utility or passage easements are required to make use of the Property and parking as contemplated by the Loan Documents, and is and will be the lawful owner of the Property, free and clear of all liens and encumbrances of any nature whatsoever, except for the matters, if any, which are listed as Permitted Title Exceptions in the Mortgage.

Appears in 2 contracts

Samples: Loan Agreement (Worksport LTD), Term Loan Agreement (Westwood Group Inc)

AutoNDA by SimpleDocs

Good Title and No Liens. Borrower is the lawful owner of the Property and of areas over, under or on which utility or passage easements are required to make use of the Property and parking as contemplated by the Loan Documents, and is and will be the lawful owner of the Property, free and clear of all liens and encumbrances of any nature whatsoever, except for the matters, if any, which are listed as Permitted Title Exceptions Encumbrances in the Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Unitil Corp)

Good Title and No Liens. Borrower is the lawful owner of the Property Land and of areas over, under or on which utility or passage easements are required to make use of the Property Improvements and parking as contemplated hereby and by the Loan Documentsdocuments referred to herein, and Borrower is and will be the lawful owner of the PropertyImprovements, free and clear of all liens and encumbrances of any nature whatsoever, except for the matters, if any, which are listed as Permitted Title Exceptions in the MortgageExceptions.

Appears in 1 contract

Samples: Construction Loan Agreement (American Retirement Corp)

AutoNDA by SimpleDocs

Good Title and No Liens. Borrower is the one hundred percent (100%) lawful owner of the Property and of areas over, under or on which utility or passage easements are required to make use of the Property and parking as contemplated by the Loan Documents, and is and will be the lawful owner of the Property, free and clear of all liens and encumbrances of any nature whatsoever, except for the matters, if any, which are listed as Permitted Title Exceptions in the Mortgage.

Appears in 1 contract

Samples: Senior Loan Agreement (NNN 2002 Value Fund LLC)

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