Title to Subject Property. (i) Seller has good and marketable title to all Subject Property, free and clear of all mortgages, liens, pledges, charges, or encumbrances of any nature, except for the following:
(A) Lien of Comerica Bank on the Subject Property; and
(B) Lien of the General Retirement System of the City of Detroit on the Subject Property. (the foregoing liens being referred to herein as "Permitted Liens").
(ii) As to the Trimmer, Seller does not have good and marketable title, as it is owned by the Chrysler Corporation and provided to Seller pursuant to the aforementioned Bailment and Use Agreement.
Title to Subject Property. Except for (a) any and all provisions of any ordinance, municipal regulation, or public law; (b) any declarations, restrictions, covenants and easements of record which do not interfere with or prohibit the use of the Property for Products receipt, storage, terminalling and delivery; or (c) any lien for property taxes and governmental assessments that are not yet due and payable, Seller currently owns and shall deliver to Buyer at Closing good and marketable title to the Subject Property free and clear of all liens, charges, mortgages, security interests, pledges or other encumbrances of any nature whatsoever.
Title to Subject Property. Seller is the sole owner of title to all of the Subject Property, subject only to the matters described herein and the permitted title exceptions more particularly described on Exhibit 3.3 attached hereto and incorporated herein by reference, matters of record and matters which would be disclosed by a current survey of the Real Property (collectively, the "Permitted Encumbrances"). Except for the Permitted Encumbrances or as otherwise described herein, Seller has granted no outstanding options to purchase or rights of first refusal with respect to all or any part of the Subject Property and has entered into no outstanding contracts with others for the sale, mortgage, pledge, hypothecation, assignment, lease or other transfer of all or any part of the Subject Property.
Title to Subject Property. The Parties acknowledge that title to the Locust Site, Subject Property, and/or Birch Site is held by the District and shall remain in the District’s name at all times.
Title to Subject Property. EXL has good title and/or a valid ownership interest in all of the Subject Property free and clear of all liens, claims and encumbrances other than Permitted Encumbrances (as defined below) and as set forth on Schedule 3.10. Upon consummation of the transactions contemplated hereby, HBS Bio will have acquired good title and/or a valid ownership interest in the Subject Property, free and clear of any liens or encumbrances, except for Permitted Encumbrances and liens and encumbrances created by or through EXL.
Title to Subject Property. As the First Party shall be taking the greater financial risk in the venture anticipated and to be undertaken as a result of this Agreement, First Party shall hold title to the subject property in trust. First Party shall be the sole beneficiary of said trust and shall retain full and absolute control over the legal ownership to the subject property. Second Party understands and agrees to the terms of the paragraph above in view of the fact that Second Party has made little or no fi- nancial contribution to the venture anticipated and to be undertaken as a result of this Agreement.
Title to Subject Property. The Parties acknowledge that title to the Subject Property is held by the District and shall remain in the District’s name at all times.
Title to Subject Property. Based solely on Seller's existing policy of title insurance for the Real Property, to the best of Seller's knowledge Seller has good and marketable title to the Real Property.
Title to Subject Property. The Parties are parties, as Buyer, under that certain Contract to Buy and Sell Real Estate (Commercial) dated October 16, 2020 (“Contract”) pursuant to which they have agreed to purchase the real property and improvements commonly known and addressed as 000 X. 0xx Xx., Xxxxxx, Xxxxxxxx 00000 and more particularly described as: Lots 1 through 16 inclusive in Block 14 in County addition to the City of Pueblo, according to the plat thereof recorded November 20, 1879 in plat Book C at Page 154, together with all of vacated 0xx Xx. from the west line of Main St. to the East line of Court St. a vacated by Ordinance No. 3718 recorded July 23, 1973 in Book 1755 at Page 663 and the vacated alley in Block 14 as vacated by Ordinance No. 3719 recorded July 23, 1973 in Book 1755 at Page 664, County addition to the City of Pueblo, County of Pueblo, State of Colorado. “SUBJECT PROPERTY”. Closing on the purchase and sale of the Subject Property to the Parties is now scheduled for December 10, 2020. The Parties agree to take title to the subject property as Tenants in Common.
Title to Subject Property. Except (a) for any claims or encumbrances that do not arise by, through or under Seller, or (b) any lien for taxes that are not yet due and payable, Seller has good and indefeasible title to the Subject Property free and clear of all liens, charges, mortgages, security interests, pledges, lease or deed restrictions or other encumbrances of any nature whatsoever created by, through or under Seller, but not otherwise.
