Example ContractsClausesTitle to Properties; Priority of Liens
Title to Properties; Priority of Liens
Title to Properties; Priority of Liens contract clause examples
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Title to Properties; Liens. The Credit Parties and their Subsidiaries have # good, sufficient and legal title to (in the case of fee interests in real property), # valid leasehold interests in (in the case of leasehold interests in real or personal property), or # good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in Section 6.3 or in the most recent financial statements delivered pursuant to Section 7.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under Section 8.7. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens. All real property owned by any Credit Party or any Subsidiary thereof as of the Closing Date is described on [Schedule 6.5(a)] annexed hereto.

Title to Properties; Liens. [Schedule 7.1(x)(i)] is, as of the Agreement Date, a complete and correct listing of all Properties of the Borrower, each other Loan Party and each other Subsidiary, setting forth, for each such Property the current occupancy status of such Property and whether such Property is a Development Asset and, if such Property is a Development Asset, the status of completion of such Property. [Schedule 7.1(x)(ii)] is, as of the date specified thereon, a complete and correct listing of all Eligible Assets.

Title to Properties; Liens. As of the date hereof, [Schedule 6.20] is a complete and correct listing of all real estate assets of the Borrower and each Subsidiary, the value of which exceeds $500,000, specifying each Unencumbered Asset. Each of the Borrower, each other Loan Party and each other Subsidiary has good, marketable and legal title to, or a valid leasehold interest in, its respective material assets, in each case, except with respect to the Borrower, any other Loan Party or any Material Subsidiary of any Loan Party, where the failure to hold such title or valid leasehold would not reasonably be expected to result in a Material Adverse Change. The property of the Loan Parties and their Subsidiaries is subject to no Liens, other than Permitted Liens.

Title to Properties; Liens. Neither Company owns any fee interest in any real property, facility, building, plant, factory, office warehouse or other real property or improvement (collectively, “Real Property”).

Title to Properties. Each of the Borrower and its Restricted Subsidiaries has such title to or estate in the real property owned or leased by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including those reflected on the balance sheets of the Borrower and its Restricted Subsidiaries described in [Section 6.1(o)], except those disposed of by the Borrower or its Restricted Subsidiaries subsequent to such date, which dispositions are expressly permitted hereunder.

Title to Properties. Except as otherwise disclosed in the Offering Memorandum, the Partnership and each of its subsidiaries has good and marketable title to all the real property (exclusive of easements, rights of way and other similar instruments) and the personal property reflected as owned in the financial statements referred to in Section 1(n) hereof, in each case free and clear of any security interests, mortgages, liens, encumbrances, equities, claims and other defects, except # as disclosed in the Offering Memorandum, # as exist pursuant to the Existing Credit Agreement, # liens for real property taxes, assessments and other governmental charges that are not delinquencies or that are currently being contested in good faith by appropriate proceedings and # such as do not materially interfere with the use made or proposed to be made of such property by the Partnership or such subsidiary and would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Change. The real property, improvements, equipment and personal property held under lease by the Partnership or any subsidiary are held under valid and enforceable leases, with such exceptions to validity and enforceability as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Change.

Title to Properties. The Borrower and each Material Subsidiary has good, marketable, and legal title to, or a valid license or leasehold interest in, all of its Property material to the operation of the Borrower’s or such Material Subsidiary’s business (except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes), except where the failure to do so could not reasonably be expected to have a Materially Adverse Effect, and none of such Property is subject to any Liens, other than Permitted Liens.

The real property located in the United States and owned or leased (other than residential leases for use by employees) by any Borrower and each Subsidiary of any Borrower as of the Eleventh Amendment Effective Date is described on [Schedule 6.1.8], as amended and restated on the Eleventh Amendment Effective Date. Each Borrower and each Subsidiary of each Borrower has good and marketable title to or valid leasehold interests in all properties, assets and other rights which it purports to own or lease or which are reflected as owned or leased on its books and records, free and clear of all Liens and encumbrances except Permitted Liens, and subject to the terms and conditions of the applicable leases. All leases of property are in full force and effect without the necessity for any consent which has not previously been obtained in respect of the transactions contemplated hereby.

. The real property owned or leased by each Loan Party and each Subsidiary of each Loan Party as of the Closing Date is described on [Schedule 6.1.7]. Each Loan Party and each Subsidiary of each Loan Party has good and marketable title to or valid leasehold interest in all material properties, assets and other rights which it purports to own or lease or which are reflected as owned or leased on its books and records, free and clear of all Liens and encumbrances except Permitted Liens, and subject to the terms and conditions of the applicable leases. All material leases of property are in full force and effect without the necessity for any consent which has not previously been obtained upon consummation of the transactions contemplated hereby.

Title to Properties. Debtor has good and marketable title to the Collateral, and all of the Collateral is free and clear of Liens.

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