Title to Leased Premises. At its option, Tenant may obtain a leasehold policy of title insurance, insuring Tenant’s leasehold interest hereunder, in such amount and subject to such endorsements as Tenant or its lenders may deem appropriate. In the event of a title defect for which such title insurance coverage is not liable or which may be cured by Landlord’s reasonable cooperation, Landlord will assist and cooperate with Tenant in curing any such defect within thirty (30) days after receipt of notice thereof from Tenant and in good faith will continue to assist Tenant to cure said defect; provided, however, that Landlord will not be at any expense with respect to the cure of such defect. In the event of a title defect which, despite the best efforts of both parties and recourse against title insurance, cannot be cured within sixty (60) days and which materially and adversely affects Tenant’s ability to perform its obligations under the PPA, Tenant may terminate this Lease upon written notice thereof to Landlord, and in such event neither Party shall have any further obligation to the other Party hereunder or under the PPA.
Title to Leased Premises. Landlord covenants to Tenant that Landlord owns good and marketable title to the Leased Premises, subject only to the matters listed on Exhibit B attached hereto and made a part hereof, to the extent the same are valid and in force and effect as to the Leased Premises, and Landlord agrees to warrant and forever defend the title to the Leased Premises against the claims of any and all persons whomsoever lawfully (or otherwise) claiming the same or any part thereof.
Title to Leased Premises. Irvine owns good and marketable title to the Leased Premises, and has the right to allow FirstWorld to use the Conduit and the Leased Premises in accordance with the terms and provisions of this Agreement.
Title to Leased Premises. This Lease is executed and delivered expressly without warranty of any nature whatsoever on the part of Lessor, either expressed or implied, not even to the return of the consideration paid herefor. If Lessor owns less interest than the entire fee mineral estate, the Advance Royalty and Production Royalty to be paid Lessor may be reduced proportionately.
Title to Leased Premises. Landlord represents and warrants that as of the time of the execution of this Lease it has title to the Leased Premises and that it has full power and authority to grant this Lease to Tenant.
Title to Leased Premises. This Financing Lease is intended for security. For purpose of laws governing taxation, title to the Leased Premises, including the Real Estate will be deemed to be in the City at all times, subject to the Authority's right to possession upon the occurrence of an Event of Default or a failure by the City to appropriate rental payments.
Title to Leased Premises. 32.1 Lessor represents and warrants that Lessor holds fee simple title to the Leased Premises and the Installation and that Lessor has the right, title and authority to lease the Leased Premises to Lessee and to grant to Xxxxxx and other third parties the easement rights contemplated hereby.
Title to Leased Premises. The Issuer warrants that it lawfully owns and is lawfully possessed of a leasehold interest in the Building Improvement pursuant to the terms of the Building Improvement Lease subject to Permitted Encumbrances, but the Issuer has no liability in regard thereto. The Issuer warrants that, pursuant to a bill xx sale from the Company to the Issuer and on file with the Trustee, it lawfully owns and is lawfully possessed of all Equipment for which disbursements have been made from the Construction Fund pursuant to Section 3.3 hereof, but the Issuer has no liability in regard thereto. If the Issuer or the Company acquires the interest of the other in the Leased Premises, including pursuant to the Building Improvement Lease, there shall be no merger of the leasehold estate into (i) the fee simple estate in the Building Improvement or the Equipment or (ii) any leasehold estate superior to that of the Company.
Title to Leased Premises. Tenant shall take such actions as may be necessary to ensure that Landlord's said Leased Premises remain free from any liens and encumbrances arising by, through or under Tenant. Upon termination or expiration of this Lease, all Tenant Improvements (and the Leased Premises) shall thereto shall vest in Landlord.
Title to Leased Premises. Except as expressly set forth in this Lease, title to the Leased Premises and any and all alterations thereto and replacements thereof shall be held in the name of the Lessor during the term of this Lease and the Lessee shall not have any right, title or interest in the Leased Premises. However, at the end of the Lease Term upon the payment of all Lease Payments or on exercise of the Lessee's right to purchase the Leased Premises pursuant to Section 13 hereof, Lessor/Seller shall, at Lessee/Purchaser's sole expense and cost, make and deliver to the Lessee/Purchaser, a good and proper deed free and clear of any liens or encumbrances created by Lessor, duly executed and acknowledged with transfer stamps, if applicable, attached thereto, with covenants of special warranty, conveying good and marketable title to the Leased Premises, subject to all reservations, exceptions, conditions, easements, rights-of-way or other like limitations of record under and by which Lessor/Seller is bound in ownership of the Leased Premises as of the date of this Lease. Lessee/Purchaser shall be responsible for all reasonable attorneys' fees, closing costs and any other expenses associated with the transfer of title from Lessor/Seller to Lessee/Purchaser described in this Section 14.
