Title and Transfer. The Company is the legal owner of the Senior Notes and has valid and marketable title to the Senior Notes, free and clear of any lien, pledge and encumbrance or any claim of any third party. As of the Closing Date, valid and marketable title to the Senior Notes will pass to DFC free and clear of any lien, pledge and encumbrance or any claim of any third party.
Appears in 2 contracts
Sources: Reorganization and Exchange Agreement (Delta Funding Residual Management Inc), Reorganization and Exchange Agreement (Delta Funding Residual Exchange Co LLC)