Owner of Property Clause Samples

Owner of Property. The Corporation and the Subsidiaries are the absolute legal and beneficial owner of, and have good and marketable title to, all of the interest in and to the material property or assets thereof as described in the Corporation's pubic disclosure, free of all mortgages, liens, charges, pledges, security interests, encumbrances, claims or demands whatsoever, other than those described in the Corporation's pubic disclosure, and no other property rights are necessary for the conduct of the business of the Corporation or any Subsidiary as currently conducted or contemplated to be conducted, none of the Corporation or any Subsidiary knows of any claim or the basis for any claim that might or could adversely affect the right thereof to use, transfer or otherwise exploit such property rights and, except as disclosed in the Corporation's pubic disclosure, none of the Corporation or any Subsidiary has any responsibility or obligation to pay any commission, royalty, licence fee or similar payment to any Person with respect to the property rights thereof;

Owner of Property. Miramar and the Miramar Subsidiaries are the absolute legal and beneficial owner of, and have good and marketable title to, all of its material property or assets, free of all mortgages, liens, charges, pledges, security interests, encumbrances, claims or demands whatsoever, and no other property rights are necessary for the conduct of the business of Miramar or any Miramar Subsidiary as currently conducted or contemplated to be conducted, none of Miramar or any Miramar Subsidiary knows of any claim or the basis for any claim that might or could adversely affect the right thereof to use, transfer or otherwise exploit such property rights and, none of Miramar or any Miramar Subsidiary has any responsibility or obligation to pay any commission, royalty, licence fee or similar payment to any person with respect to the property rights thereof.

Owner of Property. The Corporation and its Subsidiaries are the absolute legal and beneficial owners of, and have good and marketable title to or a valid leasehold interest in all of their respective material property and assets, including the Projects, and the material property, mineral and other rights or interests relating thereto, as the properties are described in the Disclosure Documents (collectively, the “Property Rights”), free of all material Liens, other than those described in the Disclosure Documents, and no other material property rights or interests are necessary for the conduct of the business of the Corporation or any Subsidiary, as currently conducted. Neither the Corporation nor any Subsidiary knows of any material claim or the basis for any material claim that might or could reasonably be expected to adversely affect the right thereof to use, transfer or otherwise exploit the Property Rights, except for certain potential claims with respect to the Lithium Nevada Project that the Corporation considers to be without merit and except as disclosed in the Disclosure Documents; and neither the Corporation nor any Subsidiary has any current responsibility or obligation to pay any outstanding material commission, royalty, licence fee or similar payment to any person with respect to the Project and the property rights thereof except pursuant to applicable legislation or as has been disclosed in the Disclosure Documents.

Owner of Property. Except as disclosed in the Public Record, no property rights are necessary for the conduct of the business of the Company as currently conducted, the Company is not aware of any claim or the basis for any claim that might or could adversely affect the right thereof to use, transfer or otherwise exploit such property rights once acquired and the Company does not have any responsibility or obligation to pay any commission, royalty, licence fee or similar payment to any Person with respect to the property rights thereof.

Owner of Property. The Company is the absolute legal and beneficial owner of, and has good and marketable title to, all of the material property or assets thereof as described in the Information, free of all mortgages, liens, charges, pledges, security interests, encumbrances, claims or demands whatsoever, other than those described in the Information, and no other property rights are necessary for the conduct of the business of the Company as currently conducted or contemplated to be conducted, the Company does not know of any claim or the basis for any claim that might or could adversely affect the right thereof to use, transfer or otherwise exploit such property rights and, except as disclosed in the Information, the Company does not have any responsibility or obligation to pay any commission, royalty, licence fee or similar payment to any Person with respect to the property rights thereof.

Owner of Property. All material property interests of the Corporation have been disclosed to the Agent in writing or are described in the Public Information Record and all such interests are owned or held by the Corporation with good and marketable title, free of any material mortgages, liens, charges, pledges, security interests, encumbrances, claims or demands other than those described in the Public Information Record. Other than as disclosed in the Public Information Record or to the Agent, (i) no other property rights are necessary for the conduct of the business of the Corporation as currently conducted, (ii) the Corporation does not know of any claim or the basis for any claim that might or could adversely affect the right thereof to use, transfer or otherwise exploit such property rights or its exploration of the Subject Properties in a material way, and (iii) the Corporation does not have any responsibility or obligation to pay any commission, royalty, licence fee or similar payment to any Person with respect to the property rights thereof.

Owner of Property. Except as disclosed in the Offering Documents, each of the Corporation and the Subsidiaries is the absolute legal and beneficial owner of, and have good and marketable title to, all of the material properties of the Corporation or assets thereof, free of all mortgages, liens, charges, pledges, security interests, encumbrances, claims or demands whatsoever and no other property rights are necessary for the conduct of the business of the Corporation or the Subsidiaries as currently conducted or contemplated to be conducted, neither the Corporation nor the Subsidiaries is aware of any claim or the basis for any claim that might or could adversely affect the right thereof to use, transfer or otherwise exploit such property rights and, neither the Corporation nor the Subsidiaries has any responsibility or obligation to pay any commission, royalty, licence fee or similar payment to any Person with respect to the property rights thereof.

Owner of Property. The Company and each of its Subsidiaries has good, valid and marketable title to its material real property owned by it and valid leasehold or sublease interests or other comparable contract rights (including licenses) in or relating to leased real property, free and clear of all liens, easements, covenants, encroachments and other encumbrances and title defects, except as would not, individually or in the aggregate, have a Material Adverse Effect. Each lease agreement entered into by Company or its Subsidiaries is valid and in full force and effect and to the knowledge of Company is enforceable in accordance with its respective terms, except as would not have, individually or in the aggregate, a Material Adverse Effect.

Owner of Property. The Corporation is the absolute legal and beneficial owner of, and has good and marketable title to or a valid leasehold interest in all of its mineral tenures and other material real or personal property included in the Project Property and the material property, mineral and other rights or interests relating thereto, and is the sole registered and beneficial holder of the permits and licenses included in the Project Property, except as described in the Disclosure Letter (collectively, the “Property Rights”), free of all material Liens (other than Permitted Liens), and no other material property rights or interests are necessary for the conduct of the business of the Corporation, as currently conducted or as currently proposed to be conducted in 2022. The Corporation does not know of any material claim or the basis for any material claim that might or could reasonably be expected to adversely affect its right to use, transfer or otherwise exploit the Property Rights; and the Corporation does not have any current responsibility or obligation to pay any outstanding material commission, royalty, licence fee or similar payment to any person with respect to the Project and the property rights thereof except pursuant to applicable legislation and Permitted Liens.