Title to each Property Sample Clauses

Title to each Property. Borrowers own good, marketable and indefeasible fee simple title in and to each Property, free and clear of all Liens other than the Permitted Encumbrances. Borrowers are the sole and absolute owner of the Chattels, the Intangible Personalty and the other Collateral in respect of each Property free and clear of all Liens other than Permitted Encumbrances. Except to the extent disclosed to Lender in the Certificate Concerning Leases and Financial Condition, there are no outstanding options to purchase or rights of first refusal or first offer or restrictions on transferability affecting any Property. None of the Borrowers have received (i) any written notice from any Governmental Authority having jurisdiction over any Property as to any violation of any applicable Legal Requirement, or (ii) any written notice from any insurance company or inspection or rating bureau setting forth any requirements as a condition to the continuation of any insurance coverage on or with respect to any Property or the continuation thereof at premium rates existing at present, which, in either case, has not been remedied or satisfied.

Title to each Property. Each Borrower owns good, marketable and indefeasible fee simple title in and to the applicable Property, free and clear of all Liens other than the Permitted Encumbrances. Each Borrower is the sole and absolute owner of the Chattels, the Intangible Personalty and the other Collateral in respect of the applicable Property free and clear of all Liens other than Permitted Encumbrances. Except as set forth in the Lease Certificate, there are no outstanding purchase options, purchase contracts or agreements, rights of first refusal, or rights of first offer, in each case, with respect to the purchase of any Property (or any portion thereof), whether written or oral, and there are no other restrictions on transferability affecting any Property. No Borrower has received any written notice from any Governmental Authority having jurisdiction over any Property as to any violation of any applicable Legal Requirement No Borrower has received any written notice from any insurance company or inspection or rating bureau setting forth any requirements as a condition to the continuation of any insurance coverage on or with respect to any Property or the continuation thereof at premium rates existing at present, which, in either case, has not been remedied or satisfied.

Title to each Property. Borrower will warrant and defend (a) the title to each Property and every part thereof, subject only to Permitted Encumbrances, and (b) the validity and priority of the Lien of each Security Instrument, subject only to Permitted Encumbrances, in each case against the claims of all Persons whomsoever. Borrower shall reimburse Lender for any actual losses, costs, damages or expenses (including reasonable attorneys’ fees and expenses, and court costs) incurred by Lender if an interest in any Property, other than as permitted hereunder, is claimed by another Person, without duplication of any amounts recovered as a result of a claim against the applicable title company under the Title Insurance Policies.