Common use of Property Title and Condition Clause in Contracts

Property Title and Condition. Except as otherwise provided or disclosed by this Agreement or in any exhibit or schedule to this Agreement, the Buyer has good and marketable title to and, if applicable, possession, of all of its tangible and intangible real and personal property and interests therein whether owned, leased, rented used or otherwise possessed by it, free and clear of all charges, liens, encumbrances or interests of others of any kind, and all of its tangible personal property is in good operating condition and repair.

Property Title and Condition. Except as otherwise provided or disclosed by this Agreement or in any exhibit or schedule to this Agreement, the Buyer Company has good and marketable title to and, if applicable, possession, of all of its tangible and intangible real and personal property and interests therein whether owned, leased, rented used or otherwise possessed by it, free and clear of all charges, liens, encumbrances or interests of others of any kind, and all of its tangible personal property is in good operating condition and repair.