Ownership of Mortgaged Property. With respect to each Home Loan, the related Servicer's Home Loan File contains a title document reflecting that title to the related Mortgaged Property is held at least 50% by the Obligor under such Home Loan.
Ownership of Mortgaged Property. With respect to each Home Loan, ------------------------------- the related Servicer's Home Loan File contains a title document reflecting that title to the related Mortgaged Property is held at least 50% by the Obligor under such Home Loan.
Ownership of Mortgaged Property. Borrower hereby represents, warrants and covenants that, as of the Closing Date, Borrower owns the working interests, royalty interests and net revenue interests in the oil and gas leasehold estate for the Mortgaged Property covered by the Mortgages as represented to Bank and free and clear of all Liens.
Ownership of Mortgaged Property. Borrowers hereby represent, warrant and covenant that as of the Closing Date, ELLC will own the working interests, royalty interests and net revenue interests in the oil and gas leasehold estate for the Mortgaged Property covered by the Mortgage as represented to Agent and free and clear of all Liens.
Ownership of Mortgaged Property. The Company covenants and warrants that it has good and marketable title to the Mortgaged Property hereinbefore conveyed to the Mortgagee free and clear of all liens, charges and encumbrances whatever except Permitted Encumbrances, and the Company has full right, power and authority to grant, warrant, mortgage, pledge, assign, sell, demise, bargain, hypothecate, convey, grant a security interest in, transfer and set over the same to the Mortgagee for the uses and purposes in this Mortgage set forth; and the Company will warrant and defend the title to the Mortgaged Property against all claims and demands whatsoever. Without limiting the foregoing, the Company represents and warrants that the restrictions, exceptions, reservations, limitations, interests and other matters, if any, set forth immediately following the specific descriptions of the parcels of land in Exhibit A attached hereto, together with all other restrictions, exceptions, reservations, limitations, interests and other matters, if any, existing on the date of execution and delivery of this Mortgage, do not in the aggregate impair the value of the Mortgaged Property or adversely affect the utility, structural integrity or beneficial enjoyment of the Mortgaged Property for the uses to which the Mortgaged Property is being put.
Ownership of Mortgaged Property. With respect to each Mortgage Loan, the related Collateral File contains a title document reflecting that title to the related Mortgaged Property is held by the Mortgagor under such Mortgage Loan.
Ownership of Mortgaged Property. With respect to a Loan that is secured by a Mortgaged Property, the related servicing loan file contains a title document reflecting that title to such Mortgaged Property is held at least 50% by the Borrower under such Loan.
Ownership of Mortgaged Property. ECS and Sunterra hereby represent, warrant and covenant that Sunterra owns working interests, royalty interests and net revenue interests in the oil and gas leasehold estate for the Mortgaged Property covered by the Mortgage not less than the amounts set forth on a well by well basis on EXHIBIT "E" attached hereto.
Ownership of Mortgaged Property. The Borrowers hereby represent, warrant and covenant that as of the Funding Date the Borrowers will own working interests, royalty interests and net revenue interests in the oil and gas leasehold estate for the Mortgaged Property covered by the Mortgages not less than the amounts set forth on a well by well basis on Exhibit G attached to the Existing Agreement, as supplemented by Exhibit G annexed hereto (only insofar as the Shore Properties and the Seller Properties are concerned).
Ownership of Mortgaged Property. The related servicer has in its possession a title document with respect to each Mortgage Loan reflecting that title to the related Mortgaged Property is held at least 50% by the Mortgagor under such Mortgage Loan.
