Common use of Real Property and Personal Property Clause in Contracts

Real Property and Personal Property. (a) Except as set forth in Section 5.7(a) of the Seller Disclosure Schedule, Seller has good and marketable title to, or valid leasehold interests in the Owned Real Property, Leased Real Property and Other Real Property Interests, in each case free and clear of all Encumbrances except for Permitted Encumbrances. (b) Seller has good, marketable and valid title to all other Acquired Assets, in each case free and clear of all Encumbrances except for Permitted Encumbrances.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Dayton Power & Light Co), Asset Purchase Agreement (Dynegy Inc.)

Real Property and Personal Property. (a) Except as set forth in Section 5.7(a5.7(a)(i) of the Seller Disclosure Schedule, Seller has good and marketable title to, or valid leasehold interests in the Owned Real Property, Leased Real Property and Other Real Property Interests, in each case free and clear of all Encumbrances except for Permitted Encumbrances. (b) Seller has good, marketable and valid title to all other Acquired Assets, in each case free and clear of all Encumbrances except for Permitted Encumbrances.

Appears in 1 contract

Sources: Asset Purchase Agreement (Dynegy Inc.)

Real Property and Personal Property. (a) Except as set forth in Section 5.7(a5.7(a)(i) of the Seller Disclosure Schedule, Seller has good and marketable title to, or valid leasehold interests in the Owned Real Property, Leased Real Property and Other Real Property Interests, in each case free and clear of all Encumbrances except for Permitted EncumbrancesEncumbrances and liens for Indebtedness that will be released at Closing. (b) Seller has good, marketable and valid title to all other Acquired Assets, in each case free and clear of all Encumbrances except for Permitted EncumbrancesEncumbrances and liens for Indebtedness that will be released at Closing.

Appears in 1 contract

Sources: Asset Purchase Agreement (Dynegy Inc.)