Common use of Interests Clause in Contracts

Interests. The Interests will be free and clear of all liens and encumbrances on the Closing Date and the Contributors have good, merchantable title thereto and the right to convey same in accordance with the terms of this Agreement. Upon delivery of the Assignment and Assumption Agreements to the Acquiror at Closing, good valid and merchantable title to the Interests, free and clear of all liens and encumbrances, will pass to the Acquiror.

Appears in 11 contracts

Sources: Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust)

Interests. The Interests will be free and clear of all liens and ---------- encumbrances on the Closing Date and the Contributors have good, merchantable title thereto and the right to convey same in accordance with the terms of this Agreement. Upon delivery of the Assignment and Assumption Agreements to the Acquiror Acquirors at Closing, good valid and merchantable title to the Interests, free and clear of all liens and encumbrances, will pass to the AcquirorAcquirors.

Appears in 2 contracts

Sources: Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust)

Interests. The Interests will be free and clear of all liens and ---------- encumbrances on the Closing Date and the Contributors have good, merchantable title thereto and the right to convey same in accordance with the terms of this Agreement. Upon delivery of the Assignment and Assumption Agreements to the Acquiror at Closing, good valid and merchantable title to the Interests, free and clear of all liens and encumbrances, will pass to the Acquiror.

Appears in 1 contract

Sources: Contribution Agreement (Hersha Hospitality Trust)

Interests. The Interests will be free and clear of all liens and encumbrances on the Closing Date and the Contributors have good, merchantable title thereto and the right to convey same in accordance with the terms of this Agreement. Upon delivery of the Assignment and Assumption Agreements to the Acquiror Acquirors at Closing, good valid and merchantable title to the Interests, free and clear of all liens and encumbrances, will pass to the AcquirorAcquirors.

Appears in 1 contract

Sources: Contribution Agreement (Hersha Hospitality Trust)