Title to Leased Property. On the Document Closing Date, the Lessor shall have good and recorded title in fee simple estate to the Leased Property, free and clear of all Liens other than Permitted Liens.
Title to Leased Property. At all times during the Lease Term, title to the Leased Property shall remain in the County, subject to the Site Lease, this Lease, the Indenture and any other Permitted Encumbrances. A leasehold estate in the Leased Property and any and all additions and modifications thereto and replacements thereof shall be held in the name of the Trustee under the Site Lease, subject to the provisions of this Lease, until the Trustee’s interest in the Leased Property is transferred or otherwise disposed of as provided herein and in the Lease.
Title to Leased Property. The City owns good and marketable title to the Leased Property, free and clear of any mortgages, debts, liens or other encumbrances, except for the liens, encumbrances and other matters to be approved by SNA according to the criteria, and upon the completion of the City's activities, as described in Section 5.13 of the UTS Participation Agreement (the "Permitted Exceptions"). The Parties shall attach as APPENDIX 5 to this Operating Property Agreement a list of the Permitted Exceptions as soon as they are
Title to Leased Property. The School Board represents and warrants that it is the owner in fee simple of the Leased Property and that its title is good and marketable.
Title to Leased Property. The Board represents and warrants to the Lessee that it has the power and authority to execute this Lease and to carry out and perform all covenants to be performed by the Board under this Lease.
Title to Leased Property. Section 40.01
Title to Leased Property. (a) City holds and shall maintain fee simple title to the Leased Property. City acknowledges that WDDF shall own any improvements constructed on the Leased Property by WDDF.
(b) WDDF shall have the right to terminate this Lease at any time upon 120 days prior written notice by paying to the City the amount necessary to pre-pay 100% of the debt instruments/bonds issued to finance the Pennanent Facilities, the Equipment Allocation and the Workforce Development Costs and any other outstanding payments/fees due to the City, plus One Dollar ($1.00). At that time the City shall execute and deliver a special warranty deed conveying fee simple ownership of the Leased Property to WDDF, subject only to (i) those title matters referenced in Exhibit “C” attached hereto and made a part of hereof, and such other matters which may be acceptable to WDDF in its sole discretion, (ii) those title matters that are caused by WDDF, and (iii) any title matters that are necessary to complete the construction of or to operate the Permanent Facilities and/or are related to utilities, including water, sewer, electric, irrigation, telecommunication or data transmission (collectively, (i), (ii) and (iii) are referred to as the “Permitted Exceptions”). In the event that, at the time of conveyance of the Leased Property to WDDF, there are any title matters affecting the leased Property other than Permitted Exceptions, the City and WDDF shall cooperate in good faith to cure such title matters.
Title to Leased Property. Lessor covenants, represents and warrants that Lessor has full right and lawful authority to enter into this Lease Agreement for the term hereof, is lawfully seized of the Leased Property and has good and marketable fee simple title thereto, free and clear of all liens and encumbrances except those set forth on Schedule A, Part II (the “Permitted Encumbrances”).
Title to Leased Property. Except for personal property purchased by the Community College at its own expense, title to the Leased Property and any and all additions and modifications to or replacements of any portion of the Leased Property will be held in the County's name, subject only to Permitted Encumbrances, until foreclosed upon or conveyed as may be provided in the Financing Contract, Deed of Trust, or the Grant Agreement, notwithstanding (a) the occurrence of one or more events of default as may be defined in the Financing Contract; (b) the occurrence of any event of damage, destruction, condemnation or construction or title defect; or (c) the County's violation of any provision of this Lease. The Community College has no right, title or interest in the Leased Property or any additions and modifications to or replacements of any portion of the Leased Property, except as expressly set forth in this Lease, or the deed by which the Community College conveyed title to the Leased Property to the County.
Title to Leased Property. Provided that there then exists no uncured ------------------------ default under this Sublease (or Sublessor shall have waived any such default solely in connection with the operation of this Section 11.2), title to the Leased Furniture shall automatically vest with Sublessee on the Sublease Expiration Date. Sublessee agrees to pay Sublessor $25,326 for the Leased Furniture in connection with Sublessee's exercise of its Early Termination option under Section 7.3.
