Common use of Title to Project and Legal Proceedings Clause in Contracts

Title to Project and Legal Proceedings. Original Borrower is the current owner of fee title in the Project. There are no pending or, to the best of knowledge of Original Borrower, threatened suits, judgments, arbitration proceedings, administrative claims, executions or other legal or equitable actions or proceedings against Original Borrower or the Project, or any pending or, to the best of knowledge of Original Borrower, threatened condemnation proceedings or annexation proceedings affecting the Project, or any agreements to convey any portion of the Project, or any rights thereto to any person, entity, or government body or agency not disclosed in this Agreement.

Appears in 2 contracts

Samples: Assumption Agreement, Note and Deed of Trust Assumption Agreement (Gc Net Lease Reit, Inc.)

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Title to Project and Legal Proceedings. Original Borrower is the current owner of fee title in the Project. There are no pending or, to the best of knowledge of Original Borrower's knowledge, threatened suits, judgments, arbitration proceedings, administrative claims, executions or other legal or equitable actions or proceedings against Original Borrower or the Project, or any pending or, to the best of knowledge of Original Borrower's knowledge, threatened condemnation proceedings or annexation proceedings affecting the Project, or any agreements to convey any portion of the fee interest in the Project, or any rights thereto to any person, entity, or government body or agency not disclosed in this Agreement.

Appears in 2 contracts

Samples: Note and Deed of Trust Assumption Agreement (Cole Credit Property Trust II Inc), Note and Deed of Trust Assumption Agreement (Cole Credit Property Trust II Inc)

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