Common use of PROOF OF TITLE Clause in Contracts

PROOF OF TITLE. The evidence of good and marketable title or the evidence of valid and enforceable leases for the Company's branch offices, as referred to in Section 3.23 of this Agreement, shall have been delivered to the Buyer in a form reasonably satisfactory to the Buyer, except where the Company's failure to establish either good and marketable title or valid and enforceable leases would not have a Material Adverse Effect on the Company.