Warranty of Title to Facility Site. Each Facility Lessee shall maintain good and valid fee, title to, or easement or other surface rights in, as applicable, its Facility Site, subject only to Permitted Liens. Each Facility Lessee shall maintain good and valid title to all of its other properties and assets (other than properties and assets disposed of in the ordinary course of business including any sale, transfer or other disposition of any obsolete, surplus or worn out equipment, parts, supplies or other materials or assets to the extent permitted by the Operative Documents), subject only to Permitted Liens.
Appears in 4 contracts
Samples: Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp)