Title to the Leased Property; Title Insurance. Title to the Leased Property shall remain in the City, subject to the Site Lease, this Lease, the Indenture and any other Permitted Encumbrances. Except personal property purchased by the City at its own expense pursuant to Section 8.2 hereof, title to the Trustee’s leasehold interest in the Leased Property and any and all additions and modifications thereto and replacements thereof shall be held in the name of the Trustee, subject to this Lease, the Site Lease and the Indenture, until liquidated, conveyed or otherwise disposed of as provided in Section 7.02 of the Indenture or Article 11 hereof, or until termination of the Site Lease, notwithstanding (i) a termination hereof by the City by reason of an Event of Nonappropriation as provided in Section 6.4 hereof; (ii) the occurrence of one or more Events of Lease Default as defined in Section 13.1 hereof; (iii) the occurrence of any event of damage, destruction, condemnation, or construction defect, breach of warranty or title defect, as provided in Article 9 hereof; or (iv) the violation by the Trustee of any provision hereof.

Title to the Leased Property; Title Insurance. At all times during the Lease Term, title to the Sites shall remain in the District, subject to the Site Lease, this Lease, the Indenture and any other Permitted Encumbrances. Except personal property purchased by the District at its own expense pursuant to Section 9.2 of this Lease and personal property purchased by the District, the Leased Property Project, equipment and any and all additions and modifications to or replacements of any portion of the Leased Property Project shall be held in the name of the Trustee, subject to this Lease and Permitted Encumbrances, until foreclosed on or conveyed as provided in Section 7.02 of the Indenture or Article XII of this Lease, or until the termination of the Site Lease, notwithstanding (i) the occurrence of an Event of Nonappropriation as provided in Section 6.4 of this Lease or one or more Events of Default as defined in Section 14.1 of this Lease; (ii) the occurrence of any event of damage, destruction, condemnation or construction defect or title defect, as provided in Article X of this Lease; (iii) termination of the right of the District to direct the acquisition, construction and equipping of the Leased Property Project pursuant to the last sentence of Section 7.1 of this Lease; or (iv) the violation by the Trustee (or by the Trustee as assignee of the Lessor pursuant to the Indenture) of any provision of this Lease.

Title to the Leased Property; Title Insurance. Title to the Leased Property shall remain in the County, subject to the Site Lease and this Lease.

Related to Title to the Leased Property; Title Insurance

Title to Property The Company and its Subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(t) or such as would not have a Material Adverse Effect. Any real property and facilities held under lease by the Company and its Subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as would not have a Material Adverse Effect.
Title Policy The Title Company shall be prepared to issue, upon payment of the title premium at its regular rates, a title policy in the amount of the Purchase Price, insuring title to the Property is vested in the Purchaser or its designee or assignee, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.
Title to Properties The Company and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as could not, individually or in the aggregate, have a Material Adverse Effect. As of the Closing Date, the property of the Company and its Subsidiaries is subject to no Liens, other than Permitted Liens.

Title to the Leased Property; Title Insurance Sample Clauses