Title to Properties; Lease Clause Samples
The "Title to Properties; Lease" clause establishes the ownership status and leasing arrangements of the properties involved in an agreement. It typically clarifies whether the party has clear title to the property or holds it under a lease, and may require disclosure of any encumbrances, liens, or third-party interests. For example, it might specify that a seller owns a property outright or that a tenant has a valid lease for a certain term. This clause ensures transparency regarding property rights, helping to prevent disputes over ownership or use and providing assurance to all parties about the legal status of the property.
Title to Properties; Lease. The Borrower, the Guarantors and their respective Subsidiaries own all of the assets reflected in the consolidated balance sheet of the Borrower and the Trust as of the Balance Sheet Date or acquired since that date (except property and assets sold or otherwise disposed of in the ordinary course of business since that date), subject to no rights of others, including any mortgages, leases, conditional sales agreements, title retention agreements, liens or other encumbrances except Permitted Liens.
Title to Properties; Lease. The Borrower, the Guarantor and their Subsidiaries own all of the assets reflected in the consolidated balance sheet of the Borrower and the Guarantor as of the Balance Sheet Date or acquired since that date (except property and assets sold or otherwise disposed of in the ordinary course of business since that date), subject to no rights of others, including any mortgages, leases, conditional sales agreements, title retention agreements, liens or other encumbrances except Permitted Liens.
Title to Properties; Lease. 24 Section 6.4. Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . 25 Section 6.5. No Material Changes . . . . . . . . . . . . . . . . . . . . . . .
Title to Properties; Lease. Except as indicated on Schedule 8.3 hereto, the Borrower and its Subsidiaries own or lease all of the assets reflected in the consolidating balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date or acquired since that date (except property and assets sold or otherwise disposed of in the ordinary course of business or in transactions permitted hereunder since that date), subject to no rights of others, including any mortgages, leases, conditional sales agreements, title retention agreements, liens or other encumbrances except Permitted Liens.