Common use of Sale Free of Liens Clause in Contracts

Sale Free of Liens. After the AUTHORITY fulfills its obligations pursuant to Section 7, on the Settlement Date, the Acquired Assets will be free and clear of all liens other than Permitted Liens. The TOWNSHIP shall convey the Acquired Assets by appropriate special warranty or other deed, bills of sale, endorsements, assignments and other instruments of transfer or conveyance described herein, and if not expressly described herein, then by transfer documents satisfactory in form and substance reasonably acceptable to the AUTHORITY and the TOWNSHIP and their counsel in their reasonable, good faith discretion. At Settlement, title to the Real Property shall be good and marketable and insured by the Title Company, at the Title Company’s filed rates, as a good and marketable title, free and clear of all liens and exceptions to coverage, except for the Permitted Liens, pursuant to an owner’s policy of title insurance on the American Land Title Association’s Owner’s Form 2006.

Sale Free of Liens. ‌‌ After the AUTHORITY Buyer fulfills its obligations pursuant to Section 73.01(a), on the Settlement Closing Date, the Acquired Assets will be free and clear of all liens Liens other than Permitted Liens. The TOWNSHIP Seller shall convey the Acquired Assets by appropriate special warranty or other deeddeed (subject to Section 6.02(c)), bills of sale, endorsements, assignments and other instruments of transfer or conveyance described herein, and if not expressly described herein, then by transfer documents satisfactory in form and substance reasonably acceptable to the AUTHORITY Buyer and the TOWNSHIP Seller and their counsel in their reasonable, good faith discretion. At SettlementClosing, title to the Real Property shall must be good and marketable and insured by the Title Company, at the Title Company’s filed rates, as a good and marketable title, free and clear of all liens Liens and exceptions to coverage, except for the Permitted Liens, pursuant to an owner’s policy of title insurance on the American Land Title Association’s (“ALTA”) Owner’s Form 2006, subject to the terms of Section 6.02 (the “Title Policy”).

Sale Free of Liens. After the AUTHORITY fulfills its obligations pursuant to Section 78, on the Settlement Date, the Acquired Assets will be free and clear of all liens Liens other than Permitted Liens. The TOWNSHIP shall convey the Acquired Assets by appropriate special warranty or other deed, bills of sale, endorsements, assignments and other instruments of transfer or conveyance described herein, and if not expressly described herein, then by transfer documents satisfactory in form and substance reasonably acceptable to the AUTHORITY and the TOWNSHIP and their counsel in their reasonable, good faith discretion. At Settlement, title to the Real Property shall be good and marketable and insured by the Title Company, at the Title Company’s filed rates, as a good and marketable title, free and clear of all liens and exceptions to coverage, except for the Permitted Liens, pursuant to an owner’s policy of title insurance on the American Land Title Association’s Owner’s Form 2006.