Title to the Facilities. During the Lease Term, all right, title, and interest in the Facilities and any and all additions, repairs, replacements or modifications thereto, whether made by the Lessee or the Lessor, shall be held in the name of the Lessor until conveyed to the Lessee as provided in this Lease. Provided that an Event of Default has not occurred and is continuing under this Lease, at such time as the principal and interest on the Bonds have been paid in full, the Lessor shall transfer and convey all its right, title and interest in the Facilities to the District, free and clear of all liens and encumbrances, except Permitted Encumbrances.
Title to the Facilities. Title to the Facilities shall at all times be with the Authority, subject to the Lease Agreement and prior approval of the Authority for the assignment of leasehold rights in favour of Lender(s) pursuant to the financing arrangements. Title to the New Facilities shall pass to the Authority at the time of completion of the construction.
Title to the Facilities. The Issuer acknowledges and agrees that it will not be vested with any interest in the Facilities by virtue of executing, delivering and performing this Agreement or issuing the Bonds to finance the cost of the acquisition, construction and installation thereof and that the Facilities will not constitute any part of the security for the Bonds.
Title to the Facilities. A. The Charter School has obtained or will obtain good, absolute, and marketable title to the Facilities in fee simple, free and clear of any mortgage, deeds of trust, liens (monetary or otherwise), claims, charges, or other encumbrances or matters of any nature whatsoever other than those included in the title report on the terms and conditions of this Agreement.
B. Title to the Facilities shall be conveyed to and vested in the School District in trust for the benefit of the state public school system.
C. The Charter School will at all times protect and defend, at its own cost and expense, the title from and against all claims, liens, and legal processes of creditors, and keep all the Facilities and the title free and clear of all such claims, liens, and processes except for the liens created or expressly permitted by this Agreement and the CSFP.
D. Any sale, contract to sell, option to purchase, conveyance, or other transference of the Facilities must first be approved by the State in writing.
E. The Charter School will execute, acknowledge, and record all documents, certificates, and agreements, including, without limitation, any grant deed, xxxx of sale, or assignment as necessary to effectuate a transfer to the School District title to the Facilities, as provided herein, and provide copies of all documents, certificates, and agreements to the State as required by this Agreement or as otherwise requested by the State.
Title to the Facilities. Title to all materials, supplies, equipment and machinery supplied by the Turnkey Contractor in connection with this Agreement and which become a permanent part of the Facilities shall vest in the MEP Participants upon the earliest of (i) the occurrence of any event by which title passes to the MEP Participants, (ii) payment therefor by the MEP Participants or (iii) incorporation into the Facilities at the Facility Sites.
Title to the Facilities. The Borrower owns good, marketable and insurable fee simple title to the Approved Motel Facilities free and clear of all Liens, other than such exceptions to title set forth in the Title Insurance Policy issued in connection with each Approved Motel Facility.
Title to the Facilities. The Owner, upon full and final payment to the Contractor, shall retain title to and be the legal and beneficial owner of the Facilities and the Facilities shall remain the personal property of the Owner.
Title to the Facilities. During the term of this Facilities Lease, the Corporation shall hold a leasehold estate to the Facilities and any and all additions that comprise fixtures, repairs, replacement or modifications thereof, except for those fixtures, repairs, replacements or modifications that are added thereto by the County and which may be removed without damaging the Facilities. The Corporation’s interest in and title to the Facilities shall be transferred, conveyed and assigned to and become vested in the County and the Facility Lease shall terminate with respect thereto at the end of the term hereof, and the Corporation will execute and deliver such conveyances, deeds, bills of sale, registration documents and other instruments as may be necessary to effect such vesting of record.
Title to the Facilities. A. The Charter School has obtained or will obtain good, absolute and marketable title to the Facilities in fee simple, free and clear of any mortgage, deeds of trust, liens (monetary or otherwise), claims, charges or other encumbrances or matters of any nature what so ever other than those included in the title report on the terms and conditions of this Agreement. The Charter School agrees to obtain title in accordance with the requirements of Article III Section A of the Memorandum of Understanding.
B. The Charter School will at all times protect and defend, at its own cost and expense, the title from and against all claims, liens and legal processes of creditors, and keep all the Facilities and the title free and clear of all such claims, liens and processes except for the liens created or expressly permitted by the Security Provisions of this Agreement and the CSFP.
C. Any sale, contract to sell, option to purchase, conveyance or other transference of the Facilities must first be approved by the State in writing.
D. The Charter School will execute, acknowledge and record all documents, certificates and agreements, including without limitation any grant deed, xxxx of sale or assignment as necessary to effectuate a transfer to the School District or the State title to the Facilities pursuant to the School District’s or the State’s remainder interest or , as provided herein, and provide copies of all documents, certificates and agreements to the State as required by this Agreement or as otherwise requested by the State.
Title to the Facilities. Subject to Section 21 of the Site Lease, at all times during the term of this Lease Purchase Agreement, the District will hold subleasehold title to the Facilities, subject to the Site Lease. Upon the termination of this Lease Purchase Agreement (other than under Section 8.02(A) hereof), all right, title and interest of the Corporation in and to the Facilities shall be transferred to and vested in the District. Upon the payment in full of all Rental Payments, all right, title and interest of the Corporation in and to the Facilities shall be transferred to and vested in the District. The Corporation agrees to take any and all steps and execute and record any and all documents reasonably required by the District to consummate any such transfer of title.
