Property Specific Representations. (a) Borrower has good, marketable, insurable and indefeasible fee simple, or leasehold (as applicable) title to the Project, subject to no Liens or other encumbrances except those contained in the Title Policy, and all of the encumbrances set forth therein are in full force and effect and there are no defaults thereunder.
Appears in 3 contracts
Samples: Term Loan Agreement (Wheeler Real Estate Investment Trust, Inc.), Term Loan Agreement (Cedar Realty Trust, Inc.), Term Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)
Property Specific Representations. (a) Borrower has good, marketable, insurable and indefeasible fee simple, or leasehold (as applicable) simple title to the Project, subject to no Liens or other encumbrances except those contained in the Title Policy, ALTA Loan Policy issued to Agent in connection with the Loan and all of the encumbrances set forth therein are in full force and effect and there are no defaults thereunder.
Appears in 1 contract
Samples: Term Loan Agreement (Seaport Entertainment Group Inc.)
Property Specific Representations. (a) Borrower has good, marketable, insurable and indefeasible fee simple, or leasehold (as applicable) simple title to the Project, subject to no Liens or other encumbrances except those contained in the Title Policy, and all of the encumbrances set forth therein are in full force and effect and there are no defaults thereunder.
Appears in 1 contract
Samples: Term Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)
Property Specific Representations. (a) Borrower has good, marketable, insurable and indefeasible fee simple, or leasehold (as applicable) simple title to the Project, to the extent constituting real property, subject to no Liens or other encumbrances except those contained in the Title Policy, and all of the encumbrances set forth therein are in full force and effect and there are no defaults thereunderPermitted Liens.
Appears in 1 contract
