Common use of Title; Absence of Liens Clause in Contracts

Title; Absence of Liens. After giving effect to the consummation of the transactions described in Section 2.1, SHP will acquire from Xxxxxxxxx good title to 382,647 OP Xxxxx, 000 shares of Lessee Class A Voting Stock and 200 shares of Lessee Class B Non-Voting Stock, free and clear of all Liens (other than Liens created, imposed or granted by SHP and the Lien in favor of Sunstone OP created pursuant to the Agreement set forth on Schedule 3.2(h)), agreements or limitations on voting rights of any nature whatsoever other than restrictions imposed by the Securities Act and applicable state securities and "Blue Sky" laws.

Appears in 2 contracts

Samples: Contribution and Sale Agreement (Alter Robert A), Contribution and Sale Agreement (Westbrook Real Estate Partners LLC)

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Title; Absence of Liens. After giving effect to the consummation of the transactions described in Section 2.1, SHP will acquire from Xxxxxxxxx the Alter Entities good title to 382,647 498,212 OP Xxxxx, 000 shares of Lessee Class A Voting Stock and 200 226 shares of Lessee Class B Non-Voting Stock, free and clear of all Liens (other than Liens created, imposed or granted by SHP and the Lien in favor of Sunstone OP created pursuant to the Agreement set forth on Schedule 3.2(h)), agreements or limitations on voting rights of any nature whatsoever other than restrictions imposed by the Securities Act and applicable state securities and "Blue Sky" laws.

Appears in 2 contracts

Samples: Contribution and Sale Agreement (Alter Robert A), Contribution and Sale Agreement (Westbrook Real Estate Partners LLC)

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