Matters of Title Sample Clauses

The "Matters of Title" clause defines the specific conditions and requirements related to the ownership and transferability of property or assets in a transaction. It typically outlines what constitutes a clear or marketable title, addresses any exceptions or encumbrances that may affect ownership, and may specify the process for resolving title defects. This clause ensures that the buyer receives a title free from undisclosed claims or issues, thereby reducing the risk of future disputes and providing assurance regarding the legitimacy of the transfer.
Matters of Title. (a) The Lessee shall not create or permit to be created ---------------- or exist, and shall promptly remove and discharge, any Lien upon this Lease, the Mill I Property or any other part thereof or interest therein, or upon any Fixed Rent, Additional Rent or other sum paid hereunder, which Lien arises for any reason, including, without limitation, any and all Liens which arise out of the ownership, leasing, use, condition, occupancy, construction, possession, repair or rebuilding of the Mill I Property or any part thereof (including, without limitation, by reason of construction and start-up of the Mill I Improvements) or by reason of labor or materials furnished or claimed to have been furnished to the Lessee or for the Mill I Improvements or any part thereof, but excluding Permitted Encumbrances and Liens created by the Operative Documents. Lessee's obligation to remove any of the above-described Liens arising prior to the termination of this Lease (or arising due to circumstances occurring prior to the termination of this Lease) shall survive the termination of this Lease. Nothing contained in this Lease shall be considered as constituting the consent or request of the Lessor, express or implied, to or for the performance by any contractor, laborer, materialman or vendor of any labor or services or for the furnishing of any materials for any construction, alteration, addition, repair or demolition of or to the Mill I Property or any part thereof. NOTICE IS HEREBY GIVEN THAT THE LESSOR IS NOT AND SHALL NOT BE LIABLE FOR ANY LABOR, SERVICES OR MATERIALS FURNISHED OR TO BE FURNISHED TO THE LESSEE, OR TO ANYONE HOLDING OR POSSESSING THE MILL I PROPERTY OR ANY PART THEREOF THROUGH OR UNDER THE LESSEE, AND THAT NO MECHANIC'S OR OTHER SIMILAR STATUTORY LIENS FOR ANY LABOR, SERVICES OR MATERIALS SHALL ATTACH TO OR AFFECT THE LESSOR'S INTEREST OR ESTATE IN THE MILL I PROPERTY OR ANY PART THEREOF. (b) The Lessee hereby acknowledges that this Lease shall at all times be subject and subordinate to the Mill I Mortgage. However, so long as no Event of Default under this Lease shall have occurred and be continuing, in the event of a Lessor Event of Default (as defined in the Interparty Agreement), the Collateral Agent will not (i) take any action to disturb the Lessee's possession and occupancy of the Mill I Property nor to diminish or interfere with any of the Lessee's rights and priveleges under this Lease, and/or (ii) join the Lessee as a party defendant in any ac...
View SourceView Similar (4)
Matters of Title. The Borrower shall have satisfied the title examination and title insurance requirements set forth in Section 5.3.5.
View SourceView Similar (2)
Matters of Title. If any objection to the Title Report (as defined in Section 5[a] hereof) or the Survey (or existing survey(s), if applicable) is identified by the Distributees, Highwoods shall use its commercially reasonable efforts to resolve such objection to the Distributees’ satisfaction provided the cost of such resolution does not exceed Twenty-Fifty Thousand and No/100 Dollars ($25,000). In the event that Highwoods cannot or refuses to cure an objection to the Title Report or the Survey (or existing survey[s]) which remains unacceptable to the Distributees, then and in that event, the Distributees may terminate this Agreement without any further claim or obligation of any kind to Highwoods, except for the Distributees’ Continuing Indemnification Obligation (as defined in Section 4(f) below) or in the alternative, consummate the Closing in accordance with the terms of Section 5(a) below.
View SourceView Similar (2)
Matters of Title. If any objection to the Title Report (as defined in Section 4[a] hereof) or the Survey (or existing survey(s), if applicable) is identified by G-T Gateway, WSI shall use its commercially reasonable efforts to resolve such objection to G-T Gateway’s satisfaction provided the cost of such resolution does not exceed Twenty-Fifty Thousand and No/100 Dollars ($25,000). In the event that WSI cannot or refuses to cure an objection to the Title Report or the Survey (or existing survey[s]) which remains unacceptable to G-T Gateway, then and in that event, G-T Gateway may terminate this Agreement without any further claim or obligation of any kind to WSI, except for G-T Gateway’s Continuing Indemnification Obligation (as defined in Section 3(f) below) or in the alternative, consummate the Closing in accordance with the terms of Section 5(a) below.
View Source
Matters of Title. If any objection to the title, the Surveys or the Existing Surveys is identified by Highwoods, Owner shall have the right, but not the obligation, for a period of ten (10) business days to cure Highwoods' objections to title, the Surveys or the Existing Surveys to Highwoods' reasonable satisfaction. In the event that Owner cannot or refuses to cure any such objection which remains unacceptable to Highwoods, then and in that event, Highwoods, in accordance with its other due diligence and Inspection Period rights contained herein, may terminate this Agreement without any further claim or obligation of any kind to Owner, or in the alternative, consummate the Closing in accordance with the terms of this Agreement. Notwithstanding anything else contained herein, if Highwoods has not made an objection to the title, the Surveys or the Existing Surveys by the conclusion of the Inspection Period, it shall be conclusively presumed that Highwoods is satisfied with the status of title and survey matters regarding the Land, Building, Improvements, and Personal Property as of the date of termination of the Inspection Period.
View Source
Matters of Title. Matters relating to the nature and extent of the title to the Walker Property and to the Additional Property shall be as f▇▇▇▇▇▇:
View Source
Matters of Title. If any objection to the Title Report (as defined in Section 5[a] hereof) or the Survey (or existing survey(s), if applicable) is identified by GT Gateway, Highwoods shall use its commercially reasonable efforts to resolve such objection to GT Gateway’s satisfaction provided the cost of such resolution does not exceed Twenty-Fifty Thousand and No/100 Dollars ($25,000). In the event that Highwoods cannot or refuses to cure an objection to the Title Report or the Survey (or existing survey[s]) which remains unacceptable to GT Gateway, then and in that event, GT Gateway may terminate this Agreement without any further claim or obligation of any kind to Highwoods, except for GT Gateway’s Continuing Indemnification Obligation (as defined in Section 4(f) below) or in the alternative, consummate the Closing in accordance with the terms of Section 5(a) below.
View Source
Matters of Title. 8 8. [Intentionally Omitted].............................
View Source
Matters of Title. Matters relating to the nature and extent of the title to the Walker Property and to the Additional Property shall be as f▇▇▇▇▇▇:
View Source

Related to Matters of Title

  • PARTICULARS OF TITLE The strata title for the subject property has yet to be issued. DEVELOPER’S PARCEL NO: L10-071, Storey No. 10, Elements Mall @ Hatten City FLOOR AREA: (Unit) approximately 18 square metres (193.7 square feet) VENDOR (DEVELOPER): Fuyuu Resources Sdn. Bhd. TENURE: Leasehold for 99 years expiring on 19th day of June, 2110 The subject property is a retail shop lot bearing postal address of Unit No. L10-071, Elements Mall @ Hatten City, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇. The subject property will be sold on an “as is where is basis” and subject to a reserve price of RM90,000.00 (RINGGIT MALAYSIA NINETY THOUSAND ONLY) and subject to the Conditions of Sale and by way of an Assignment from the above Assignee/Bank subject to the consent being obtained by the Purchaser from the Developer and other relevant authorities if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the Developer and the relevant authorities. Any arrears of quit rent, assessments and service or maintenance charges which may be lawfully due to any relevant authority or the Developer up to the date of auction sale of the property shall be paid out of the purchase money upon receipt of full purchase price. All other fees, costs and charges relating to the transfer and assignment of the property shall be borne by the successful Purchaser. All intending bidders are required to deposit 10% of the fixed reserve price for the said property by Bank Draft or ▇▇▇▇▇▇▇’s Order in favour of UOBM for ▇▇▇ ▇▇▇▇ ▇▇▇ & ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ on the day of auction sale. The balance of the purchase money shall be paid by the Purchaser within one hundred and twenty (120) days from the date of auction sale to UNITED OVERSEAS BANK (MALAYSIA) BHD via Real Time Electronics Transfer of Funds and Securities (▇▇▇▇▇▇). Online bidders are further subject to the Terms and Conditions on ▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇. FOR FURTHER PARTICULARS, please contact M/S Khaw & Partners, of ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, No. 69, Jalan Raja Chulan, 50200 Kuala Lumpur [Ref No. 390/229/30849/2024, Tel No. ▇▇-▇▇▇▇▇▇▇▇] the Assignee herein or the undermentioned Auctioneer UNITED OVERSEAS BANK (MALAYSIA) BHD [199301017069 (271809-K)] PIHAK PEMEGANG SERAHHAK/BANK ▇▇▇ Dalam menjalankan ▇▇▇ ▇▇▇ kuasa ▇▇▇▇ telah diberikan kepada Pihak Pemegang Serahhak/Bank dibawah Perjanjian Pinjaman Selaku Penyerahanhak ▇▇▇ Surat Kuasa Wakil kedua-duanya yang bertarikh 11 haribulan November, 2013 diantara Pihak Pemegang Serahhak/Bank ▇▇▇ Pihak Penyerahhak/Peminjam yang diperbuat dalam perkara diatas, adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak/Bank tersebut dengan bantuan Pelelong yang tersebut dibawah Secara alternatif, penawar yang berminat boleh mengemukakan bidaan untuk Hartanah atas talian (“online”) melalui ▇▇▇▇▇ web ▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇ (Untuk bidaan atas talian, ▇▇▇▇ daftar sekurang-kurangnya satu (1) hari bekerja sebelum hari lelongan untuk tujuan pendaftaran & pengesahan) PENAWAR ATAS TALIAN ADALAH SELANJUTNYA TERTAKLUK KEPADA TERMA-TERMA ▇▇▇ SYARAT-SYARAT DI ▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇

  • Documents of Title Not sign or authorize the signing of any financing statement or other document naming Borrower as debtor or obligor, or acquiesce or cooperate in the issuance of any ▇▇▇▇ of lading, warehouse receipt or other document or instrument of title with respect to any Collateral, except those negotiated to Lender, or those naming Lender as secured party, or if solely to create, perfect or maintain a Permitted Lien.

  • Quality of Title (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Collateral in favor of the Administrative Agent for the benefit of the Secured Parties, which security interest is prior to all other Liens and is enforceable as such against creditors of and purchasers from the Seller, (ii) the Seller owns and has good and marketable title to the Pool Receivables, Related Assets and the other Collateral free and clear of any Lien (other than any Lien arising solely as the result of any action taken by any Secured Parties (or any assignee thereof) or by the Administrative Agent in connection with the Transaction Documents); (iii) when any Purchaser makes a Purchase or Reinvestment, it shall have acquired and shall at all times thereafter continuously maintain a valid and perfected first priority undivided percentage ownership interest to the extent of the portion of the Asset Interest funded by the related Purchaser Group in the Pool Receivables and Related Assets, free and clear of any Lien (other than any Lien arising as the result of any action taken by any Secured Party (or any assignee thereof) or by the Administrative Agent in connection with the Transaction Documents); (iv) other than the security interest granted to the Administrative Agent for the benefit of the Secured Parties pursuant to this Agreement, the Seller has not pledged, assigned, sold or granted a security interest in, or otherwise conveyed any of the Collateral; (v) the Seller has not authorized the filing of, and is not aware of any financing statements against the Seller that include a description of collateral covering the Pool Receivables, Related Assets or any other Collateral except such as may be filed (A) in favor of the Originators in accordance with the Contracts, (B) in favor of the Seller in connection with the Sale Agreement or (C) in favor of the Secured Parties or the Administrative Agent in accordance with this Agreement or in connection with any Lien arising solely as the result of any action taken by the Secured Parties (or any assignee thereof) or by the Administrative Agent in connection with the Transaction Documents, and (vi) with respect to each Pool Receivable, the Seller (A) shall have received such Pool Receivable as a contribution to the capital of the Seller by the applicable Originator or (B) shall have purchased such Pool Receivable from the applicable Originator in exchange for payment (made by the Seller to the Originator in accordance with the provisions of the Sale Agreement) of cash, an increase in the principal amount of the Initial Seller Note and/or an increase in the preferred stock of the Seller held by such Originator, in all cases in an amount which constitutes fair consideration and reasonably equivalent value. Each such sale referred to in clause (vi) of the preceding sentence shall not have been made for or on account of an antecedent debt owed by any Originator to the Seller and no such sale is or may be voidable or subject to avoidance under applicable law.

  • Certificates of Title Upon the request of Secured Party, if a certificate of title is issued or outstanding with respect to any Vehicle or other Collateral with a fair market value of at least $50,000, cause the Security Interest to be properly noted thereon.

  • Defense of Title to Collateral Each Borrower shall at all times defend its title to Collateral and Agent’s Liens therein against all Persons, claims and demands whatsoever, except Permitted Liens.