Title; No Merger. At all times during the Term of this Lease, the City shall hold title to the Site and Facilities, subject to the provisions of the Site and Facilities Lease and other Permitted Encumbrances. Upon payment in full of all Lease Payments and Additional Payments, and the termination of this Lease, all right, title and interest of the Corporation hereunder in and to the Site and Facilities shall be transferred to and vested in the City. Upon the payment in full of all Lease Payments allocable to the Site and Facilities, or upon the deposit by the City of security for such Lease Payments as provided in Section 9.1, all right, title and interest of the Corporation hereunder in and to the Site and Facilities shall be transferred to and vested in the City. The Corporation agrees to take any and all steps and execute and record any and all documents reasonably required by the City to consummate any such transfer of title. This Lease shall not operate as a merger of the City’s leasehold estate in the Site and Facilities pursuant to this Lease and its fee estate in the Site and Facilities and shall not cause the extinguishment of the leasehold interest granted to the Corporation under the Site and Facilities Lease.
Title; No Merger. At all times during the term of the Site Lease and subject to all of the terms and provisions thereof, the County shall hold title to the Leased Property. Upon the termination of this Lease, other than upon the termination hereof pursuant to Section 8.2(b), all right, title and interest of the Corporation hereunder in and to the Leased Property shall be transferred to and vested in the County. Upon the payment in full of all Lease Payments, or upon the deposit by the County of security for such Lease Payments as provided in Section 9.1, all interest of the Corporation hereunder in and to the Leased Property shall be terminated. The Corporation agrees to take any and all steps and execute and record any and all documents reasonably required by the County to consummate the termination of its interests hereunder.
Title; No Merger. (i) Maintain good and marketable title to all assets and properties comprising a part of the Facility, including fee simple title to the site on which the Facility is located (or a valid leasehold interest therein), and all easements and other interests acquired for use in connection with the Facility, in each case free and clear of all liens, claims, and encumbrances of any nature whatsoever, except those in favor of the Facility Lenders in connection with the Senior Obligations or Seller as contemplated hereby and those that would not reasonably be expected to have a material and adverse effect on Buyer's ability to own and operate the Facility and to perform its obligations under this Agreement; (ii) not sell, assign, transfer, convey or otherwise dispose of all or a material portion of the assets and properties comprising a part of the Facility; and (iii) not merge with or into or consolidate with any Person, or acquire, by lease, purchase, or otherwise all or substantially all of the assets or stock of any class of, or any partnership or joint venture interest in, any Person.
