Common use of Quality of Title Clause in Contracts

Quality of Title. Except as set forth in Section 3.8(a)(i) of the Seller Disclosure Letter, Seller holds good, valid and indefeasible or marketable, as applicable, fee simple or leasehold, as applicable, title to the Acquired Assets including, but not limited to, the leasehold estates created under the Assumed Leases and all real and personal property owned or leased thereunder, in each case free and clear of all Liens other than Permitted Liens. Except as set forth in Section 3.8(a)(ii) of the Seller Disclosure Letter, all items comprising the tangible portion of the Acquired Assets are physically present at or on the Real Property or at or upon the premises of Seller’s customers.

Appears in 7 contracts

Samples: Contribution and Sale Agreement (NGL Energy Partners LP), Contribution and Sale Agreement (NGL Energy Partners LP), Contribution and Sale Agreement (NGL Energy Partners LP)

AutoNDA by SimpleDocs

Quality of Title. Except as set forth in on Section 3.8(a)(i) of the Seller Disclosure Letter, Seller holds Sellers hold good, valid and indefeasible or marketable, as applicable, fee simple or leasehold, as applicable, title to the Acquired Assets including, but not limited to, the leasehold estates created under the Assumed Leases and all real and personal property owned or leased thereunder, in each case free and clear of all Liens other than Permitted Liens. Except as set forth in on Section 3.8(a)(ii) of the Seller Sellers Disclosure Letter, all items comprising the tangible portion of the Acquired Assets are were physically present at the facilities subject to the Real Property Leases or on the Real Property or at or upon the premises of Seller’s customersProperty.

Appears in 1 contract

Samples: Contribution and Sale Agreement (NGL Energy Partners LP)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!