Property warranties (long form) in an asset purchase—buyer’s versionBuyer-friendly property warranties and definitions to include in a long-form asset purchase agreement
Property warranties (long form) in an asset purchase—buyer’s versionBuyer-friendly property warranties and definitions to include in a long-form asset purchase agreement

The following Property precedent provides comprehensive and up to date legal information covering:

  • Definitions

Definitions

In this Agreement, unless the context otherwise requires:

  1. 1

    [Certificate(s) of Title

    1. means the certificate[s] of title in the agreed form marked 'A' relating to each of the Properties, given at Completion by the Seller's Solicitors and addressed to the Buyer [and [insert the names of any other persons who are to receive the benefit of these certificates]];]

    Encumbrance

    1. means any mortgage, claim, charge (fixed or floating), pledge, lien, hypothecation, guarantee, right of set-off, trust, assignment, right of first refusal, right of pre-emption, option, restriction or other encumbrance or any legal or equitable third party right or interest including any security interest of any kind or any type of preferential arrangement (or any like agreement or arrangement creating any of the same or having similar effect) and Encumbrances means more than one of them;

    Freehold Properties

    1. means the freehold properties, described in Part [insert number] of Schedule [insert number] and Freehold Property means any one of them;

    Lease

    1. means the lease and any supplemental documents under which any Leasehold Property is held, further details of which are set out in Part [insert number] of Schedule [insert number] and Leases means more than one of them;

    Leasehold Properties

    1. means

Popular documents