Common use of Title and Description Clause in Contracts

Title and Description. Seller holds a valid and enforceable leasehold interest in the Leased Real Property, free and clear of all liens, restrictions and incumbrances (except as disclosed in Schedule 2.5(b) and other than Permitted Encumbrances);

Appears in 1 contract

Sources: Asset Purchase Agreement (Photomatrix Inc/ Ca)

Title and Description. Seller holds a good, clear, marketable, valid and enforceable leasehold interest in the Leased Real PropertyProperty pursuant to the Leases, subject only to the right of reversion of the landlord or lessor under the Leases, free and clear of all liensLiens, restrictions and incumbrances (except as disclosed in Schedule 2.5(b) and other than Permitted Encumbrancesfor matters set forth on SCHEDULE 3.6(b);.

Appears in 1 contract

Sources: Asset Purchase Agreement (Peoples Bancshares Inc)