Common use of Warrant of Title Clause in Contracts

Warrant of Title. The Seller does hereby WARRANT AND COVENANT that, (i) it is the true and lawful owner of the Undivided Interest and has good right to sell the Undivided Interest, that, except for Permitted Liens, title to the Undivided Interest is on the date of execution hereof free and clear of all claims, liens, security interests and encumbrances of any nature, (ii) good, clear, record and marketable fee simple title to the Undivided Interest to the extent it constitutes personal property is hereby conveyed to the Buyer free and clear of all claims, liens, security interests and circumstances of any nature, and (iii) the Seller will forever warrant and defend such title against the claims of all Persons.