Good Title, Etc. On and as of the Closing, Seller will convey to --------------- Purchaser good title to the Equipment, free and clear of all liens and encumbrances created or arising by reason of the action or inaction of Seller other than (i) the leasehold estate of each Lessee under each Lease, (ii) any liens created by any Owner Trustee and SPLP disclosed to Purchaser, and (iii) liens created by such Lessees under and pursuant to such Leases or otherwise (collectively, the "Permitted Liens").
Appears in 15 contracts
Samples: Purchase and Sale Agreement (American Income 5 LTD Partnership), Purchase and Sale Agreement (American Income 7 LTD Partnership), Purchase and Sale Agreement (American Income 6 LTD Partnership)
