Title and Encumbrances. Seller represents to Broker that title to the Property is solely in Seller’s name. Seller 251 must deliver to Broker true copies of all relevant title materials, leases, improvement location certificates and surveys in Seller’s 252 possession and must disclose to Broker all easements, liens and other encumbrances, if any, on the Property, of which Seller has 253 knowledge. Seller authorizes the holder of any obligation secured by an encumbrance on the Property to disclose to Broker the 254 amount owing on said encumbrance and the terms thereof. In case of Sale, Xxxxxx agrees to convey, by a 255 deed, only that title Seller has in the Property. Property must be conveyed free and clear of all taxes, except the general taxes for 256 the year of closing. 257 All monetary encumbrances (such as mortgages, deeds of trust, liens, financing statements) must be paid by Xxxxxx and released 258 except as Seller and buyer may otherwise agree. Existing monetary encumbrances are as follows: . 259 The Property is subject to the following leases and tenancies: . 260 If the Property has been or will be subject to any governmental liens for special improvements installed at the time of signing 261 a Sale contract, Seller is responsible for payment of same, unless otherwise agreed.
Title and Encumbrances. Borrower has good and marketable title to the Vessel and to all of the other Collateral except Collateral owned by Pledgor, Charterer or Allseas. Pledgor has good and marketable title to all of the Equity Interest in Borrower, and all Collateral related thereto. Charterer has good and marketable title to the Time Charter, all other Collateral described in the Charterer's Earnings Assignment Agreement, and all Collateral related thereto. Allseas has good and marketable title to the deposit account described in the Allseas Charge Over Cash Deposit and all Collateral related thereto. None of Borrower's assets or any of the other Collateral are subject to any Encumbrances except (a) Encumbrances in favor of Lender, (b) Encumbrances listed in Schedule 4.9, and (c) Encumbrances expressly permitted in any Loan Documents (each, a "Permitted Encumbrance").
Title and Encumbrances. Landlord represents to Broker that Xxxxxxxx has the right and authority to enter into a Lease of the Premises. Landlord must deliver to Broker true copies of all relevant title materials, leases, improvement location certificates and surveys in Landlord’s possession and must disclose to Broker all easements, liens and other encumbrances, if any, on the Premises, of which Landlord has knowledge.
Title and Encumbrances. 49.1 The Sub-Charterers shall take all steps which may be reasonably necessary to safeguard the title and rights of the Owners, the Head-Charterers and the Approved Mortgagee in the Vessel as notified to the Sub-Charterers and in particular (but without limitation):
49.1.1 will place, and at all times and places retain a properly certified copy of this Sub-Charter, and of the Approved Mortgage, on board the Vessel with her papers, cause each such certified copy and such papers to be exhibited to any and all persons having business with the Vessel which might give rise to any lien on it, other than liens for crew’s wages and salvage, and to any representative of the Head-Charterers and the Approved Mortgagee;
49.1.2 will promptly pay and discharge or secure all debts, damages and liabilities whatsoever which the Sub-Charterers shall have been called upon to pay, discharge or secure and which have given, or may give, rise to maritime or possessory liens on or claims enforceable against the Vessel, and in the event of arrest of the Vessel pursuant to legal process, or in the event of her detention in exercise or purported exercise of any such lien as aforesaid, to procure the release of the Vessel from such arrest or detention forthwith upon receiving notice of the same by providing bail or otherwise as the circumstances may require;
49.1.3 will not pledge the credit of the Head-Charterers for any maintenance, service, repairs, drydocking or modifications and upgrades to the Vessel or for any other purpose whatsoever;
49.1.4 will not sell or hypothecate or purport to sell or hypothecate or execute a xxxx of sale of the Vessel or any interest therein or create or suffer to exist any Encumbrance (save for a Permitted Encumbrance) over the Vessel;
49.1.5 will not do or permit to be done any act or thing which might jeopardise the rights of the Head-Charterers or the Approved Mortgagee in the Vessel and will not omit to do or permit to be omitted to be done any act or thing which if not done might jeopardise or prejudice the rights of the Head-Charterers or the Approved Mortgagee in the Vessel;
49.1.6 will not do anything which may result in the Vessel being confiscated, seized, requisitioned, taken in execution, impounded or otherwise taken from the possession of the Sub-Charterers and in the event of any such confiscation, requisition, seizure, impounding or taking, the Sub-Charterers will use their best endeavours to procure an immediate release of the Vessel ...
Title and Encumbrances. Except as allowed by this Agreement, Borrower owns all of its assets free of liens or encumbrances, subject only to: liens in favor of Comerica Bank or Bank, except for, (a) liens for taxes not delinquent or being contested in good faith, liens created in connection with worker’s disability compensation, unemployment insurance and social security, or to secure the performance of bids, tenders or contracts, leases, statutory obligations, surety and appeal bonds, and (b) other obligations of like nature made in the ordinary course of business, and liens or charges incidental to the conduct of Borrower’s business or the ownership of its property and assets, including purchase money security interests in connection with the borrowing of money or the obtaining of an advance or credit to acquire the asset(s) covered thereby.
Title and Encumbrances. SRPD is the fee owner of the Property. SMUD shall take title to the Easement subject to any and all encumbrances.
Title and Encumbrances. Except as set forth on Schedule 3.7, the Sellers ---------------------- have good and marketable title to and possession of all of the Assets, free and clear of all Liens. Upon each Closing, Sellers will transfer to the Buyer good and marketable title to the Assets, free and clear of all Liens. Notwithstanding the above, the wiring and distribution systems and the equipment at the Properties are subject to the terms and conditions of the Right of Entry Agreements, the Hub Site Leases and all applicable Legal Rules.
Title and Encumbrances. Seller has valid title to and possession of the Technologies free and clear of all encumbrances.
Title and Encumbrances. Borrower owns all of its assets free of liens or encumbrances, subject only to: (a) liens in favor of or approved in writing by Bank, (b) liens for taxes not delinquent or being contested in good faith, liens created in connection with worker’s disability compensation, unemployment insurance and social security, or to secure the performance of bids, tenders or contracts, leases, statutory obligations, surety and appeal bonds, (c) other obligations of like nature made in the ordinary course of business, and leases, liens or charges incidental to the conduct of Borrower’s business or the ownership of its property and assets which were not incurred in connection with the borrowing of money or the obtaining of an advance or credit, and which do not in the aggregate materially detract from the value of its property or assets or could if enforced have a Material Adverse Effect on the use thereof in the operation of its business, and (d) Permitted Exceptions.
Title and Encumbrances. Seller has good title to, and is the sole owner of, the Mortgage Loan. The sale and assignment of the Mortgage Loan contemplated by this Agreement validly transfers the Mortgage Loan to Buyer free and clear of any Lien or any other encumbrance.
