Common use of THE SELLER'S TITLE Clause in Contracts

THE SELLER'S TITLE. 7.1 The Seller has good title to, and is the absolute unencumbered legal and beneficial owner of, all property, interests, rights and benefits agreed to be sold by the Seller to the LLP pursuant to this Agreement free and clear of all mortgages, standard securities, securities, charges, liens, encumbrances, claims and equities (including, without limitation, rights of set-off or counterclaim and unregistered interests which override first registration and a registered disposition within the meaning of Schedule 1 and Schedule 3 to the Land Registration Act 2002 and overriding interests within the meaning of Section 28(1) of the Land Registration (Scotland) Act 1979 and burdens within the meaning of Section 38 of the Land Registration Act (Northern Ireland) 1970) and the Seller is not in breach of any covenant or obligation implied by reason of its selling each Loan and its Related Security with full title guarantee or absolute warrandice or as beneficial owner (or which would be implied if the Registered Transfers or Unregistered Transfers or Northern Irish Transfers or Scottish Transfers, as applicable, were completed).

Appears in 4 contracts

Samples: Mortgage Sale Agreement, Mortgage Sale Agreement, Mortgage Sale Agreement

AutoNDA by SimpleDocs

THE SELLER'S TITLE. 7.1 The Seller has good title to, and is the absolute unencumbered legal and beneficial owner of, all property, interests, rights and benefits agreed to be sold by the Seller to the LLP pursuant to this Agreement free and clear of all mortgages, standard securities, securities, charges, liens, encumbrances, claims and equities (including, without limitation, rights of set-off or counterclaim and unregistered interests which override first registration and a registered disposition within the meaning of Schedule 1 and Schedule 3 to the Land Registration Act 2002 2002, and overriding any unregistered interests within the meaning in case of Section 28(1) of the Land Registration (Scotland) Act 1979 property, interests, rights and benefits governed by Scots law and burdens within the meaning of Section 38 of the Land Registration Act (Northern Ireland) 1970) and the Seller is not in breach of any covenant or obligation implied by reason of its selling each Loan and its Related Security with full title guarantee or absolute warrandice or as beneficial owner (or which would be implied if the Registered Transfers or Unregistered Transfers or Northern Irish Transfers or Scottish Transfers, as applicable, were completed).

Appears in 1 contract

Samples: Mortgage Sale Agreement

AutoNDA by SimpleDocs

THE SELLER'S TITLE. 7.1 The Seller has good title to, and is the absolute unencumbered legal and beneficial owner of, all property, interests, rights and benefits agreed to be sold by the Seller to the LLP pursuant to this Agreement free and clear of all mortgages, standard securities, securities, charges, liens, encumbrances, claims and equities (including, without limitation, rights of set-off or counterclaim and unregistered interests which override first registration and a registered disposition within the meaning of Schedule 1 and Schedule 3 to the Land Registration Act 2002 Xxx 0000, and overriding any unregistered interests within the meaning in case of Section 28(1) of the Land Registration (Scotland) Act 1979 property, interests, rights and benefits governed by Scots law and burdens within the meaning of Section 38 of the Land Registration Act (Northern Ireland) 1970) and the Seller is not in breach of any covenant or obligation implied by reason of its selling each Loan and its Related Security with full title guarantee or absolute warrandice or as beneficial owner (or which would be implied if the Registered Transfers or Unregistered Transfers or Northern Irish Transfers or Scottish Transfers, as applicable, were completed).

Appears in 1 contract

Samples: Mortgage Sale Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.