Common use of Title; Perfection; Original Lease Documents Clause in Contracts

Title; Perfection; Original Lease Documents. Seller has transferred good title to the Purchased Assets to Buyer free of all Adverse Claims. Seller has transferred a perfected, first-priority security interest in the related Equipment to Buyer, which security interest is subject only to the interests of the related Obligor under the related Purchased Lease. Seller has delivered to Buyer the executed original of the related Purchased Lease (including, if such Purchased Lease consists of a schedule or supplement to a master lease agreement, the executed original of such master lease agreement) and the originals of all related agreements and other documents (collectively with respect to each Purchased Lease, the “Lease File”).

Appears in 6 contracts

Samples: Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/), Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/), Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/)

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