Title to the Note Clause Samples

The "Title to the Note" clause establishes who holds legal ownership of the promissory note at any given time. Typically, this clause clarifies that the lender retains title to the note until the borrower has fully satisfied all payment obligations under the agreement. For example, if the note is transferred or assigned, the clause may specify the process by which title passes to a new holder. Its core function is to ensure clarity regarding ownership rights, which is essential for enforcing the note and for determining who has the authority to collect payments or take legal action if necessary.
Title to the Note. WBM has good and marketable title to the Note
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Title to the Note hereby represents and warrants to the Company that, as of the date hereof, ________________ is the sole record and beneficial owner of the Old Note and is transferring and delivering to the Company valid title to the Old Note, free from preemptive or similar rights, taxes, liens, charges and other encumbrances.
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Title to the Note. The Noteholder hereby represents and warrants to DPC that, as of the date hereof, the Noteholder is the sole record and beneficial owner of the Note and will transfer and deliver to DPC at the Closing valid title to the Note, free from preemptive or similar rights, taxes, liens, charges and other encumbrances.
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Title to the Note. The Seller is the record and beneficial owner of, and has good and marketable title to, the Note, and such Note are owned free and clear of any liens, encumbrances, pledges, security interests and claims whatsoever (collectively, "Encumbrances"). At the Closing, the Seller will transfer and convey, and the Purchaser will acquire, good and marketable title to the Note free and clear of all Encumbrances.
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Title to the Note. NTDT has good, valid and complete title to the Note.
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Title to the Note. The Investor is the record and beneficial holder of the Note, and holds the Note free and clear of all claims, liens, security interests, title defects and objections or any other encumbrances of any kind or nature whatsoever.
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Title to the Note. Each of White and Bunch owns the Note held by him, free and clear of all Liens. Such Seller has full right, power and authority to sell and deliver the Note in the manner provided for in this Agreement. Upon transfer of the Note, such Seller will have transferred to the Buyer good title to the Note, free and clear of all Liens.
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Title to the Note. The Seller is the legal, record and beneficial owner of the Note and the Note Portion with good and marketable title thereto, and the Seller has the absolute right to sell, assign, convey, transfer and deliver the Note and the Note Portion and any and all rights and benefits thereto.
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Related to Title to the Note

  • 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 the Shares Seller owns of record and beneficially the Shares of the Company, free and clear of all liens, encumbrances, pledges, claims, options, charges and assessments of any nature whatsoever, with full right and lawful authority to transfer the Shares to Buyer. No person has any preemptive rights or rights of first refusal with respect to any of the Shares. There exists no voting agreement, voting trust, or outstanding proxy with respect to any of the Shares. There are no outstanding rights, options, warrants, calls, commitments, or any other agreements of any character, whether oral or written, with respect to the Shares.

  • Title to the Assets Corporation owns (with good title) all of the properties and assets (whether real, personal or mixed and whether tangible or intangible) that it purports to own including all the properties and assets reflected as being owned by Corporation in the financial Books and Records. Corporation is the sole and unconditional owner of such assets free and clear of all Liens except as disclosed in Schedule 3.2(l).

  • Title to the Trust Estate Legal title to all the Trust Estate shall be vested at all times in the Issuer as a separate legal entity.

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