Common use of Title to Owned Real Property Clause in Contracts

Title to Owned Real Property. Schedule 4.4 hereto contains a complete and correct list of all Owned Real Property. Except as set forth on Schedule 4.4, Seller has good, valid and indefeasible fee title to all Owned Real Property, free and clear of any and all Encumbrances, imperfections of title, covenants, restrictions, easements or encroachments except for Permissible Liens. Upon the consummation of the transactions contemplated hereby, Purchaser shall receive good, valid and insurable title to such Owned Real Property, free and clear of all Encumbrances except for Permissible Liens. Other than Permissible Liens or as set forth on Schedule 4.4, Seller has not granted any purchase options or rights of first refusal or first offer with respect to the Owned Real Property and the Owned Real Property is not subject to any such options or rights.

Title to Owned Real Property. Schedule 4.4 hereto contains a complete and correct list of all Owned Real Property. Except as set forth on Schedule 4.4, Seller has good, valid good and indefeasible insurable fee title to all Owned Real Property, free and clear of any and all Encumbrances, imperfections of title, covenants, restrictions, easements or encroachments except for Permissible Liens. Upon the consummation of the transactions contemplated hereby, Purchaser shall receive good, valid good and insurable title to such Owned Real Property, free and clear of all Encumbrances except for Permissible Liens. Other than Permissible Liens or as set forth on Schedule 4.4, Seller has not granted any purchase options or rights of first refusal or first offer with respect to the Owned Real Property and the Owned Real Property is not subject to any such options or rights.