Common use of Title to Transferred Assets Clause in Contracts

Title to Transferred Assets. Immediately prior to the transfer of the Transferred Assets pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the Transferred Assets and it has the legal right to transfer the Transferred Assets, (B) has good and valid title to the Transferred Assets and the Transferred Assets are on such date free and clear of all Liens and (C) will convey good, valid and indefeasible title to the Transferred Assets to the Transferee under this Agreement.

Appears in 4 contracts

Samples: Exchange Note Transfer Agreement (ACAR Leasing Ltd.), Exchange Note Transfer Agreement (ACAR Leasing Ltd.), Exchange Note Transfer Agreement (ACAR Leasing Ltd.)

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