Title to the Contracts Sample Clauses

Title to the Contracts. Immediately prior to the (A) Closing Date (with respect to each Initial Contract) and (B) related Subsequent Transfer Date (with respect to each related Subsequent Contract), the Seller will have good and indefeasible title to and will be the sole owner of each Contract to be transferred to the Issuer pursuant to Section 2.01 free of liens, claims, encumbrances and rights of any Person and, upon transfer of such Contract to the Issuer pursuant to Section 2.01, the Issuer will have good and indefeasible title to and will be the sole owner of such Contract free of liens, claims, encumbrances and rights of any Person, except for the Lien of the Indenture Trustee under the Indenture; provided, however, the Issuer or Indenture Trustee may be required to file or record a transfer of the lien on a Financed Vehicle prior to enforcement of that lien in the name of the Issuer or Indenture Trustee, respectively.
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Title to the Contracts. Immediately prior to the related Closing Date, the Seller had good and indefeasible title to and was the sole owner of, or holder of a security interest in, each Contract relating to a Dealer Transaction Right to be transferred to the Purchaser pursuant to Section 2.01 of the Sale and Servicing Agreement free of Liens and rights to payments of any Person. Upon the transfer of such Dealer Transaction Right to the Purchaser pursuant to such Section 2.01, the Purchaser will have a perfected security interest in the Seller’s right, title and interest in such Contract free of Liens (except for Permitted Liens arising after such Closing Date) and rights to payment of any Person.
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Title to the Contracts. Immediately prior to the Subsequent Transfer Date, WFS had good and indefeasible title to and was the sole owner of each Subsequent Contract and the Certificates to be transferred to WFSRC3 pursuant to this Agreement free of liens, claims, encumbrances and rights of any Person and, upon transfer of each such Subsequent Contract to WFSRC3 pursuant to this Agreement, WFSRC3 will have good and indefeasible title to and will be the sole owner of each such Subsequent Contract free of liens, claims, encumbrances and rights of any Person; except for the Lien of the Indenture Trustee under the Indenture; provided, however, the Issuer or Indenture Trustee may be required to file or record a transfer of the lien on a Financed Vehicle prior to enforcement of that lien in the name of the Issuer or Indenture Trustee, respectively.
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Title to the Contracts. Immediately prior to the Closing Date, the Seller had good and indefeasible title to and was the sole owner of each Contract to be transferred to the Purchaser pursuant to Section 2.01 free of Liens and, other than Liens created hereunder and the Liens in favor of the Lender, upon transfer of such Contract to the Purchaser pursuant to Section 2.01, the Purchaser will have good and indefeasible title to and will be the sole owner of such Contract free of Liens, other than Liens created hereunder, or Liens in favor of Purchaser; and the sale of the Contracts has been perfected under the UCC.
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Related to Title to the Contracts

  • Title to Properties The Company and each of its subsidiaries has good and marketable title to all the properties and assets reflected as owned in the financial statements referred to in Section 1(i) above (or elsewhere in the Prospectus), in each case free and clear of any security interests, mortgages, liens, encumbrances, equities, claims and other defects, except such as do not materially and adversely affect the value of such property and do not materially interfere with the use made or proposed to be made of such property by the Company or such subsidiary. The real property, improvements, equipment and personal property held under lease by the Company or any subsidiary are held under valid and enforceable leases, with such exceptions as are not material and do not materially interfere with the use made or proposed to be made of such real property, improvements, equipment or personal property by the Company or such subsidiary.

  • Title to Timber During the period of this contract, and any extension, PURCHASER shall have the right to cut and remove the timber. Such right shall be conditioned upon PURCHASER complying with the provisions of this contract. The ownership of and title to the timber shall pass to PURCHASER as the timber is paid for and removed from the timber sale area. Any right of PURCHASER to cut and remove the timber shall expire and end at the time this contract, or any extension, terminates. All rights and interests of PURCHASER in and to the timber and logs remaining on the timber sale area shall, at that time, automatically revert to and revest in STATE, without compensation to PURCHASER.

  • Title to Property; Leases The Company and its Subsidiaries have good and sufficient title to their respective properties that individually or in the aggregate are Material, including all such properties reflected in the most recent audited balance sheet referred to in Section 5.5 or purported to have been acquired by the Company or any Subsidiary after said date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens prohibited by this Agreement. All leases that individually or in the aggregate are Material are valid and subsisting and are in full force and effect in all material respects.

  • Title to Purchased Assets Seller owns and has good title to the Purchased Assets, free and clear of Encumbrances.

  • Title to the Property Borrower will warrant and defend the title to the Property, and the validity and priority of all Liens granted or otherwise given to Lender under the Loan Documents, subject only to Permitted Encumbrances, against the claims of all Persons.