Common use of Marketable Title to Assets Clause in Contracts

Marketable Title to Assets. The Selling Fund will have, at the Effective Time, good and marketable title to, and full right, power and authority to sell, assign, transfer, and deliver the assets to be transferred to the Acquiring Fund. Upon delivery and payment for these assets, the Acquiring Fund will have good and marketable title to the assets without restriction on the transfer of the assets free and clear of all liens, encumbrances, and adverse claims.

Marketable Title to Assets. The Selling Fund will have, at the Effective Time, good and marketable title to, and full right, power and authority to sell, assign, transfertransfer and deliver, and deliver the assets to be transferred to the Acquiring Fund. Upon delivery and payment for these such assets, the Acquiring Fund will have good and marketable title to the such assets without restriction on the transfer of the assets thereof free and clear of all liens, encumbrances, encumbrances and adverse claims.