Title to Property; Sublease. The County has good and marketable fee simple title to all of the Components, subject only to Permitted Encumbrances. The Sublease is in full force and effect. The County, as lessee under the Sublease, is in peaceable possession of the Property. No waiver, indulgence or postponement of any of the County’s obligations under the Sublease has been granted by the Trustee. There exists no event of default or event, occurrence, condition or act that, with the giving of notice, the lapse of time or the happening of any further event or condition, would become a default under the Sublease.
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Samples: Letter of Credit and Reimbursement Agreement, Letter of Credit and Reimbursement Agreement, Letter of Credit and Reimbursement Agreement
