Title to and Use of Property. (a) At the Closing, the Purchaser will acquire all of each Seller's right, title and interest in, to and under all of the Assets, in each case free and clear of any and all Encumbrances (including, without limitation, any and all claims that may arise by reason of the execution, delivery or performance by the Sellers of this Agreement) other than Permitted Encumbrances and with respect to Assumed Contracts, subject to the Purchaser's obligations under Section 1.3(a)(ii);
Title to and Use of Property. Upon entry and effectiveness of, and in accordance with the terms of, the Sale Order and the Bankruptcy Code, and upon receipt of the release of the Parent's lenders, Sellers shall have the power and right to sell, assign, transfer and deliver, as the case may be, to Buyer the Acquired Assets free and clear of any and all Encumbrances other than Permitted Encumbrances and Assumed Liabilities.
Title to and Use of Property. (a) (i) At the Closing Purchaser will acquire good and marketable title to all of the Assets, in each case free and clear of any and all Encumbrances (including, without limitation, any and all claims that may arise by reason of the execution, delivery or performance by Sellers of this Agreement), other than Permitted Encumbrances and with respect to Assumed Contracts and Assumed Leases, subject to Purchaser's obligation to make the $500,000 of payments provided for in Section 1.4(d) or Section 1.5, as applicable;
Title to and Use of Property. (a) Except as set forth in Section 3.11 of the Seller Disclosure Schedule, at the Closing, the Purchaser will acquire all of Seller’s right, title and interest in and to all of the Assets, in each case, free and clear of any and all Encumbrances (including any and all claims that may arise by reason of the execution, delivery or performance by Seller of this Agreement) other than Permitted Encumbrances and, with respect to Assumed Contracts, the Assumed Liabilities.
Title to and Use of Property. Title to any equipment or personal property purchased to accomplish any milestones under this Agreement vests in the Subrecipient upon acquisition, with the condition that the Subrecipient must use the equipment or property for this award as long as it is needed for such.
Title to and Use of Property. Except as set forth on Schedule 4.8(a) and excluding the Excluded Assets, at the Closing, Seller will convey and Buyer will acquire good, valid and marketable title to, or a valid leasehold interest in, the Purchased Assets, free and clear of any and all Encumbrances (including any and all Claims that may arise by reason of the execution, delivery or performance by Seller of this Agreement) other than Permitted Encumbrances. Except as set forth on Schedule 4.8(b), each of the Acquired Aether Entities has good, valid and marketable title to, or a valid leasehold interest in, the AAE Purchased Assets, free and clear of any and all Encumbrances (including any and all Claims that may arise by reason of the execution, delivery or performance by Seller of this Agreement) other than Permitted Encumbrances.
Title to and Use of Property. (a) Seller does not own any real property. Seller leases the Property pursuant to an [written/unwritten] lease agreement by and between Seller, as tenant, , a limited liability company, as landlord (the “Lease”). Other than the Lease, Seller is not a party to any other lease. There are no leases, subleases, licenses or other agreements, written or oral, granting to any party or parties the right of use or occupancy of any portion of the Property.
Title to and Use of Property a. Title to all Property financed under this award vests in the Subrecipient upon acquisition.
Title to and Use of Property. (RECIPIENT TITLE; $50,000 and Under) (OCTOBER 1998) APPLICABILITY: This provision is applicable only when title to property is vested in the recipient and under $50,000 in equipment is expected to be procured with USAID funds. Equipment is defined as any tangible personal property having a useful life of more than one year and an acquisition cost of $5,000 or more per unit. TITLE TO AND USE OF PROPERTY (RECIPIENT TITLE; $50,000 and Under) (OCTOBER 1998)
Title to and Use of Property. (DECEMBER 2014) Title to all Property financed under this award vests in the Sub-Awardee upon acquisition unless otherwise specified in this award. Property means equipment, supplies, real property, and intangible property, each defined individually below, financed under this award or furnished by USAID: Equipment means tangible nonexpendable personal property (including information technology systems) having a useful life of more than one year, and an acquisition cost of $5,000 or more per unit. However, consistent with the Sub-Awardee’s policy, lower limits may be established. Supplies means tangible personal property excluding equipment. A computing device is a supply if the acquisition cost is less than $5,000 per unit. Real Property means land, including land improvements, structures and appurtenances, including permanent fixtures. Intangible Property includes, but is not limited to, intellectual property, such as trademarks, copyrights, patents and patent applications, and debt instruments, such as bonds, mortgages, leases or other agreements between a lender and a borrower. The Sub-Awardee agrees to use and maintain all Property for the purpose of this award in accordance with the following procedures: The Sub-Awardee must use the Property for the program for which it was acquired during the period of this award, and must not provide any third party a legal or financial interest in the property (e.g., through a mortgage, lien, or lease) without approval of USAID. When the Property is no longer needed for the program for which it was acquired during the period of this award, the Sub-Awardee must use the Property in connection with its other activities, in the following order of priority: Activities funded by USAID, then Activities funded by other United States Government (USG) agencies, then As directed by the Agreement Officer (AO). The Sub-Awardee must maintain the Property in good condition, have management procedures to protect the Property, and maintain an accurate inventory of all Property. Maintenance procedures must include the following: Accurate description of the Property, including serial number, model number, or other identifying number, acquisition date and cost, location and condition, and data on the disposition of any Property (date of disposition, sales price, method used to determine current fair market value, etc.), as applicable. A physical inventory of Property that must be taken, and the results reconciled with the equipment re...
