Common use of Good Title to Purchased Assets Clause in Contracts

Good Title to Purchased Assets. Immediately before the sale and assignment under this Agreement, the Seller has good and marketable title to the Purchased Assets free and clear of any Lien, other than Permitted Liens and any Lien that will be released prior to the assignment hereunder, and, immediately after the sale and assignment under this Agreement, the Depositor will have good and marketable title to the Purchased Assets, free and clear of any Lien, other than Permitted Liens.