Common use of Clear Ownership Clause in Contracts

Clear Ownership. The interests of SPE and TSFC combined are, and will continue to be, the record and beneficial ownership of 100% of each Lease and all Equipment subject to Leases in which TSFC is named as Lessor, free and clear of all mortgages, deeds of trust, pledges and other liens, security interests, charges or encumbrances, except for liens for taxes due but not yet payable and liens in favor of Lender, and shall promptly deliver to Lender any executed counterparts of Leases which were not delivered to Lender pursuant to Section 5.3(a) and which have subsequently come into

Clear Ownership. The interests of SPE and TSFC combined are, and will continue to be, the record and beneficial ownership of 100% of each Lease and all Equipment subject to Leases in which TSFC is named as Lessor, free and clear of all of the Collateral free and clear of all mortgages, deeds of trust, pledges and other liens, security interests, charges or encumbrances, except for liens for taxes due but not yet payable and liens in favor of Lenderpayable, and shall promptly deliver to Lender SBCC any executed counterparts of Leases which were not previously delivered to Lender SBCC pursuant to Section 5.3(a5.4(a) and which have subsequently come intointo its, TSFC's or CCI/Triad's possession.