Common use of Status of Title Clause in Contracts

Status of Title. The Tenant shall have obtained any title evidence required by Tenant showing that the Landlord is vested with fee simple title to the Center and can lease to the Tenant the Premises and grant to the Tenant the rights in and to the Center set forth in this Lease, subject only to Real Estate Taxes for the current year which are not yet due and payable and easements and restrictions of record to the extent they do not, in the reasonable opinion of the Tenant, materially adversely affect marketability of title or the Tenant's contemplated use of the Premises and the Center.

Appears in 4 contracts

Samples: Agreement of Lease (Retail Ventures Inc), Agreement of Lease (Retail Ventures Inc), Agreement of Lease (Value City Department Stores Inc /Oh)

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