Title to Owned Real Property Sample Clauses

Title to Owned Real Property. (a) Each Seller has good, valid and marketable title to all of its material Owned Real Property, free and clear of all Liens other than Permitted Encumbrances and Liens of the Lienholders identified on Schedule 4.1.5(a). Sellers represent that the only lienholders (other than Permitted Encumbrances) on any of the Owned Real Property are the Lienholders identified on Schedule 4.1.5 (a) except as would not reasonably be likely to be materially adverse to the Business. (b) Schedule 4.1.5(b) lists all Owned Real Property as of the date hereof, including the address, and a description suitable to identify the property. Such Owned Real Property constitutes substantially all of the Owned Real Property used primarily in the operation of the Business as of June 30, 2001, except as such (i) has been disposed of since January 1, 2001 in the ordinary course of business or (ii) is not material to the operation of the Business.
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Title to Owned Real Property. Seller has good fee simple title to all of the Owned Real Property, free and clear of any Lien other than Permitted Encumbrances and Liens of the Bondholders identified on Schedule 8.1.7(b). As of the date hereof, the address and a general description of each item of Owned Real Property are set forth on Schedule 8.1.7(a). Seller represents that the only creditors that have a Lien (other than any Permitted Encumbrances) on any of the Owned Real Property are the Bondholders identified on Schedule 8.1.7(b).
Title to Owned Real Property. (a) The Company shall have delivered to Purchaser evidence satisfactory to Purchaser that good, insurable and marketable fee simple title to all Owned Real Property previously transferred under the FILOT Program has been transferred from the County of Richland, South Carolina to the Company prior to the Closing Date. (b) Prior to the Closing Date, Purchaser shall have examined the title and, at Purchaser's option, the survey to each parcel of Owned Real Property and notified SCT in writing in reasonable detail at least five (5) Business Days prior to the Closing Date (the "Title Objection Notice") of any reasonable objections to, defects in or encumbrances upon the Company's title to such Owned Real Property, other than Permitted Liens (collectively, the "Permitted Title Objections"). SCT shall satisfy those Permitted Title Objections set forth in the Title Objection Notice at or prior to the Closing Date. It shall be deemed reasonable for Purchaser to object to, and to require the removal of, the exceptions set forth as Items 1, 4 and 5 appearing under the heading "Exceptions" (as distinguished from the heading "Special Exceptions") on Schedule B-Section 2 to the Chicago Title Commitment. If Purchaser delivers the ALTA As-Built Survey of the Owned Real Property in accordance with and within the period of time required by the next subparagraph of this Section 6.13(b), it shall be deemed reasonable for Purchaser to object to, and to require the removal of, the exceptions set forth as Items 2, 3 and 6 appearing under the heading "Exceptions" (as distinguished from the heading "Special Exceptions") on Schedule B-Section 2 to the Chicago Title Commitment; however, the parties acknowledge (a) Chicago Title nonetheless may, after receipt and review of the ALTA As-Built Survey of the Owned Real Property, revise any or all of Items 3 through 19 shown as "Special Exceptions" on Schedule B-Section 2 to the Chicago Title Commitment to note (to the extent applicable) additional items disclosed by the ALTA As-Built Survey (the "Additional Items"); and (b) it shall be unreasonable for Purchaser to object to any Additional Items so long as such Additional Items do not violate the second succeeding sentence of this Section 6.13(b); but (c) Purchaser may object in writing to any such Additional Items if such Additional Items violate the second succeeding sentence of this Section 6.13(b) which notice shall be deemed to be part of the Title Objection Notice and which objecti...
Title to Owned Real Property. As of the date hereof, the address and a general description of each item of Owned Real Property are set forth on Schedule 8.1.7(a). Seller has good fee simple title to all of the Owned Real Property, free and clear of any Lien other than Permitted Encumbrances and Liens of the Bondholders identified on Schedule 8.1.7(b). Seller represents that the only creditors that have a Lien (other than any Permitted Encumbrances) on any of the Owned Real Property are the Bondholders identified on Schedule 8.1.7(b). The Owned Real Property set forth on Schedule 8.1.7 (a) constitutes substantially all of the Owned Real Property used in the Business during calendar year 1998 and located in the Purchased Exchanges, except as such (i) has been disposed of since January 1, 1998 in the ordinary course of business, or (ii) would not have a Material Adverse Effect.
Title to Owned Real Property. The Seller and its subsidiaries have good and indefeasible fee simple title to the Sterling Owned Real Property and own all of the improvements located thereon, free and clear of all Liens except as indicated on the title reports and title insurance policies furnished or made available to the Purchaser pursuant to Section 3.10 hereof and except for: (a) the mortgage liens reflected on Schedule 3.13; (b) liens for current taxes and assessments not delinquent; and (c) easements for utilities serving the property only.
Title to Owned Real Property. Schedule 4.4 hereto contains a complete and correct list of all Owned Real Property. Except as set forth on Schedule 4.4, Seller has good, valid and indefeasible fee title to all Owned Real Property, free and clear of any and all Encumbrances, imperfections of title, covenants, restrictions, easements or encroachments except for Permissible Liens. Upon the consummation of the transactions contemplated hereby, Purchaser shall receive good, valid and insurable title to such Owned Real Property, free and clear of all Encumbrances except for Permissible Liens. Other than Permissible Liens or as set forth on Schedule 4.4, Seller has not granted any purchase options or rights of first refusal or first offer with respect to the Owned Real Property and the Owned Real Property is not subject to any such options or rights.
Title to Owned Real Property. The Company and its Subsidiary own and hold good, valid and marketable title to the Owned Real Property set forth in Schedule 4.11(a), free and clear of any and all Liens, except for Permitted Liens.
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Title to Owned Real Property. The Co-Steel Disclosure Letter contains a complete list of the municipal addresses (including a brief description of the size of parcel and type of improvements located on the property), and legal descriptions to the extent possible, for all of the real property owned by Co-Steel and its Subsidiaries. Co-Steel or one of its Subsidiaries is the absolute beneficial owner of, and has good and marketable title in fee simple to, such real property, free of all Charges, except for:
Title to Owned Real Property. The Gerdau Disclosure Letter contains a complete list of municipal addresses (including a brief description of the size of parcel and type of improvements located on the property), and legal descriptions to the extent possible, for all of the real property owned by the Gerdau Companies. One or more of the Gerdau Companies is the absolute beneficial owner of, and has good and marketable title in fee simple to, its respective real property, free of all Charges, except for: 6.17.1. the Charges set out in the Gerdau Disclosure Letter; 6.17.2. Permitted Charges; and 6.17.3. title defects which do not, in the aggregate, materially adversely affect the use of such real property as it is presently used by the Gerdau Companies. Each of the Charges has been complied with and is in good standing in all material respects.
Title to Owned Real Property. With respect to the Real ---------------------------- Property that is owned by the Company, title to such Real Property is, and at Closing shall be, good and marketable, fee simple absolute, free and clear of all liens, adverse claims and other matters affecting the Company's title to or possession of such Real Property, excepting only such easements, restrictions and covenants presently of record which will not, in Purchaser's sole judgment, interfere with or impair Purchaser's intended use of any of the Real Property, reduce the value of any of the Real Property, or prevent Purchaser from obtaining financing of Purchaser's acquisition of the Real Property, which easements, restrictions and covenants are listed on the Disclosure Schedule in a manner so that the Real Property to which they relate is readily identifiable;
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