8Title to Assets Sample Clauses
8Title to Assets. All Shares shall constitute personal property of the owner thereof for all purposes and a Member has no interest in specific assets of the Company or applicable Series Assets. Title to any Series Assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Series to which such asset was contributed or by which such asset was acquired, and none of the Company, any Member, Officer or other Series, individually or collectively, shall have any ownership interest in such Series Assets or any portion thereof. Title to any or all of the Series Assets may be held in the name of the relevant Series or one or more nominees, as the Managing Member may determine. All Series Assets shall be recorded by the Managing Member as the property of the applicable Series in the books and records maintained for such Series, irrespective of the name in which record title to such Series Assets is held.
8Title to Assets. The Corporation has good and valid title to, or a valid and enforceable leasehold interest in, or a valid and enforceable licence to, all of the Assets reflected in the Interim Financial Statements or acquired after the date of the Interim Financial Statements, other than Assets sold or otherwise disposed of in the Ordinary Course since the date of the Interim Financial Statements. All such Assets (including leasehold interests and licences) are free and clear of Encumbrances except for Permitted Encumbrances.
8Title to Assets. The Company has good and marketable title to, or in the case of leased or licensed assets, valid and subsisting leasehold or license interests in, all of its assets, free and clear of any and all liens, except as set forth on Schedule 3.8 of the Disclosure Schedules. All tangible assets are in good operating condition, are usable in the ordinary course of business, and have been maintained at all times in accordance with all applicable laws, regulations and ordinances.