Good Title means, with respect to any Property, a good and valid title to such Property that is free from reasonable doubt, is superior to any other titles and claims with respect to such Property, and could not be reasonably expected to expose the party who holds such title to the hazards of litigation with respect to the validity and priority of such title.
Good Title to the best of its knowledge without due enquiry, the Trustee is the lawful owner of the Assets of the Series Trust and has power under the Master Trust Deed to mortgage or charge them in the manner provided in the Security Trust Deed.
Good Title the Borrower is the legal owner of the assets of the PUMA Trust and has power under the Trust Deed to mortgage or charge them in the manner provided in the Security Trust Deed.
Examples of Good Title in a sentence
Good Title: Principal U.S. Bank National Association, as Assignee By: /s/ Xxxxxxx X.
Good Title: Vice President U.S. Bank National Association, as Assignee By: /s/ Xxxxxxx X.
Good Title: Principal U.S. Bank National Association, as Assignee By: /s/ Melissa A.
Good Title: Vice President U.S. Bank National Association, Assignee By: /s/ Xxxxxxx X.
Good Title: Vice President By executing this Servicing Agreement (Amended and Restated), the party below agrees and acknowledges that this Agreement shall replace in its entirety the Original Servicing Agreement as it relates to the Mortgage Loans sold pursuant the Term Sheets executed prior to the date hereof and on or after the date hereof, and any future reference to the Original Servicing Agreement will mean this Servicing Agreement (Amended and Restated).
More Definitions of Good Title
Good Title means such title that is free from reasonable doubt to the end that a prudent person engaged in the business of purchasing and owning, developing, and operating producing or non-producing oil and gas properties in the geographical areas in which they are located, with knowledge of all of the facts and their legal bearing, would be willing to accept the same acting reasonably.
Good Title means good and marketable title in fee simple, free and clear of all liens, encumbrances, agreements, restrictions and burdens, except for Permitted Encumbrances.
Good Title means, in the case of personal property, good and assignable title, and, in the case of real property, title as shown by the Title Commitment, subject to the matters described in this Agreement, including Permitted Encumbrances.
Good Title means that, subject to and except for the JEDI I Encumbrances:
Good Title means (i) with respect to all Purchased Assets other than Mineral Interests, good and marketable title to the Purchased Assets, free and clear of all Liens, except Permitted Liens, or in the case of leased Real Property, valid leasehold interests in the Purchased Assets, and (ii) with respect to the Mineral Interests in the Xxxxxxxxx Unit, such title that (A) entitles Pennzoil to receive all of the Net Revenue Interest set forth on SCHEDULE 3.8(b) with respect to the Minerals produced from or allocated to the Mineral Interests in the Xxxxxxxxx Unit, or of the full proceeds from the sale or other disposition of such Minerals; (B) obligates Pennzoil to bear a proportion of the costs and expenses relating to operations on, and the maintenance and development of, the Mineral Interests in the Xxxxxxxxx Unit, not greater than the Working Interest set forth on SCHEDULE 3.8(b); and (C) is free and clear of Mineral Title Defects and Liens, except the Permitted Liens.
Good Title means, with respect to the Oil and Gas Interests, good and defensible title that (1) entitles the Company to receive not less than the net revenue interests set forth in the engineering reports described in Section 4.14(a) of all oil and gas produced, saved and sold from a particular property included in the Oil and Gas Interests without reduction, suspension or termination throughout the productive life of such property, (2) obligates the Company to bear a portion of the costs and expenses of operation and development of such property in an amount not greater than the working interests set forth in such engineering reports without increase throughout the productive life or such property and (3) is free and clear of all Liens, encumbrances and defects, other than Permitted Liens and Liens that a reasonably prudent purchaser of oil and gas properties in an arm's length transaction would accept in light of the value of the property affected, the improbability of assertion of the defect or irregularity and the degree of difficulty or the cost of performing curative work.
Good Title means that, subject to and except for the GGP Encumbrances: