Leasehold Title. (a) The details of the Properties in the table in schedule 7 are complete, true and accurate. The Properties in the table in schedule 7 are the only properties owned, controlled, used or occupied by any Group Company and all deeds and documents necessary to prove title to each Property are in the possession of the relevant Group Company. The Group holds the Properties under the terms of leases or licence arrangements disclosed in schedule 7 as amended or supplemented by the other documents (if any) (Leases).
(b) A Group Company is the legal and beneficial owner in possession of each Property and is in exclusive occupation and each Property is free from any mortgage, charge (fixed or floating), pledge, lien, option, right to acquire, right of pre-emption, assignment by way of security or trust arrangement for the purpose of providing security or other security interest of any kind (including any retention arrangement), or any agreement to create any of the foregoing.
(c) No Group Company has any contingent liability in respect of any property assets other than the Properties.
Leasehold Title. Each Underlying Mortgaged Property comprising real estate securing such Senior Mortgage Loan consists of the related Mortgagor’s freehold estate or, if such Senior Mortgage Loan is secured in whole or in part by the interest of a Mortgagor under a Ground Lease, by the related Mortgagor’s interest in the Ground Lease. With respect to any Senior Mortgage Loan secured by a Ground Lease:
(a) such Ground Lease has, where registerable, been duly registered; such Ground Lease permits the current use of the Underlying Mortgaged Property comprising real estate and permits or does not prohibit the interest of the Ground Lessee thereunder to be encumbered by the related Mortgage and does not restrict the use of the related Underlying Mortgaged Property comprising real estate by such Ground Lessee, its successors or assigns in a manner that would adversely affect the security provided by the related Mortgage by limiting in any way its current use; and there has been no material change in the payment terms of such Ground Lease since the origination or acquisition of the related Purchased Loan, with the exception of material changes reflected in written documents that are a part of the related Purchased Asset File;
(b) such Ground Lease is in full force and effect, and Seller has received no notice that an event of default has occurred thereunder, and, to Seller’s Knowledge, there exists no condition that, but for the passage of time or the giving of notice, or both, would result in a breach of covenant under the terms of such Ground Lease;
(c) such Ground Lease has an original term (including any extension options set forth therein) which extends at least twenty years beyond the stated maturity date of such Senior Mortgage Loan;
(d) under the terms of such Ground Lease, any estoppel or consent letter received by the Mortgagee from the Lessor and the related Mortgage, taken together, any related insurance proceeds will be applied either to the repair or restoration of all or part of the related Underlying Mortgaged Property comprising real estate, with the mortgagee having the right to hold and disburse such proceeds as the repair or restoration progresses (except in such cases where a provision entitling another party (including the relevant insurer) to hold and disburse such proceeds would not be viewed as commercially unreasonable by a prudent commercial mortgage lender for conduit programs), or to the payment or defeasance of the outstanding principal balance of suc...
Leasehold Title. The leasehold estate created by this ------------ --------------- Lease and Tenant's rights hereunder are subject to the following:
(a) The lien of all Real Estate Taxes, all general and special assessments and all other governmental dues, charges and impositions not delinquent;
(b) All easements, restrictions, agreements, covenants and other matters of record;
(c) All rights of the public, the State of Indiana and any political subdivision of the State of Indiana (including without limitation counties and municipalities) in and to that part of the Real Estate (if any) taken or used for highways, streets, rights-of-way and related purposes;
(d) All applicable zoning, building and land use and other governmental restrictions, laws, ordinances, rules and regulations;
(e) All matters that would be discovered or disclosed by an accurate inspection and Indiana Land Title Association minimum standard detail survey of the Real Estate (including gaps (if any)); and
(f) Flowage easements for the Ohio River.
Leasehold Title. For producing properties and existing oil and gas leases, run mineral and leasehold title and encumbrances from date of operative oil and gas lease to present;
i. Research current exploration, production, permitting, pooling and/or unitization status of those interests.
ii. Producing Properties: From Texas Railroad Commission data files, provide a list of operator names, well names, and associated API and Lease numbers.
Leasehold Title. Seller and each of its Subsidiaries have good, valid and marketable leasehold title to all Leased Transferred Real Property, in each case, free and clear of all Encumbrances.
Leasehold Title. The Purchaser is not entitled to any statement or abstract of title in relation to the Ground Lease, the Parkeston Licence or the Xxxx Township Licence.
Leasehold Title. 4.24.1 Promptly following the grant of this Lease the Tenant shall apply to register this Lease at the Land Registry and shall ensure that any requisitions raised by the Land Registry in connection with that application are dealt with promptly and properly and within one month after completion of the registration shall send official copies of its title to the Landlord
4.24.2 On the termination of this Lease (howsoever determined including without limitation on the exercise by the Landlord of the provisions of Clause 7 or 8 of this Lease) the Tenant shall promptly:
4.24.2.1 apply at its own cost to the Land Registry to close or update its registered Leasehold Title in respect of the Lease
4.24.2.2 remove or update notice of the Lease from the Landlord’s title; and
4.24.2.3 where the Leasehold Title is to be closed hand to the Landlord the original Lease and the originals of all supplemental deeds documents and side letters and in the event that the Tenant fails to do so within one month of the termination of this Lease (howsoever determined) the Tenant hereby irrevocably appoints the Landlord as its attorney pursuant to Section 4 of the Power of Attorney Act 1971 and authorises the Landlord to sign any application or other document on behalf of the Tenant as may be required for the purposes of making such applications to the Land Registry the Landlord’s reasonable legal and other costs for such application being recoverable from the Tenant as a debt
Leasehold Title
