Common use of Title to Tangible Property Clause in Contracts

Title to Tangible Property. Purchaser at Closing shall obtain good and marketable title to all of the tangible Assets (i.e., the Equipment, Inventory, Office Furniture, and Business Records), free and clear of all title defects, liens, restrictions, claims, charges, security interests, or other encumbrances of any nature whatsoever, including any mortgages, leases (except for the Leases disclosed in Schedule 1(a)(vii)), chattel mortgages, conditional sales contracts, collateral security arrangements, or other title or interest retention arrangements.

Title to Tangible Property. Purchaser Buyer at Closing shall obtain good and marketable title to all of the tangible Physical Assets (i.e., the Equipment, Inventory, Office Furniture, and Business Records), Inventory free and clear of all title defects, liens, restrictions, claims, charges, security interests, or other encumbrances of any nature whatsoever, including any mortgages, leases (except for the Leases disclosed in Schedule 1(a)(vii))leases, chattel mortgages, conditional sales contracts, collateral security arrangements, or other title or interest retention arrangements.