Common use of Absence of Liens and Encumbrances Clause in Contracts

Absence of Liens and Encumbrances. The Company and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financial Statements included in the Company's SEC Reports and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount or extent, and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 2 contracts

Samples: Merger Agreement (Gti Corp), Merger Agreement (Technitrol Inc)

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Absence of Liens and Encumbrances. The Each of Company and each of its subsidiaries --------------------------------- has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financial Statements included in the Company's SEC Reports Financials and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount or extent, and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 2 contracts

Samples: Merger Agreement (Phazar Corp), Merger Agreement (Phazar Corp)

Absence of Liens and Encumbrances. The Each of Company and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financial Statements included in the Company's SEC Reports and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount or extent, and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 2 contracts

Samples: Merger Agreement (P Com Inc), Merger Agreement (Telaxis Communications Corp)

Absence of Liens and Encumbrances. The Company Each of Parent and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Parent Financial Statements included in the Company's SEC Reports and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount or extent, and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 2 contracts

Samples: Merger Agreement (Telaxis Communications Corp), Merger Agreement (P Com Inc)

Absence of Liens and Encumbrances. The Each of the Company and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financial Statements included in the Company's SEC Reports and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount amount, or extent, extent and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 1 contract

Samples: Merger Agreement (Telaxis Communications Corp)

Absence of Liens and Encumbrances. The Each of Company and each of its subsidiaries --------------------------------- has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financial Statements included in the Company's SEC Reports and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount or extent, and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 1 contract

Samples: Merger Agreement (Ydi Wireless Inc)

Absence of Liens and Encumbrances. The Company Each of Parent and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal personal, and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financial Statements included in the Company's SEC Reports Parent Financials and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount amount, or extent, extent and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.. EXECUTION COPY

Appears in 1 contract

Samples: Merger Agreement (Ydi Wireless Inc)

Absence of Liens and Encumbrances. The Each of Company and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financial Statements included in the Company's SEC Reports Financials and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount or extent, and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 1 contract

Samples: Merger Agreement (Ydi Wireless Inc)

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Absence of Liens and Encumbrances. The Company Each of Parent and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal personal, and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Parent Financial Statements included in the Company's SEC Reports and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount amount, or extent, extent and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 1 contract

Samples: Merger Agreement (Ydi Wireless Inc)

Absence of Liens and Encumbrances. The Company Each of Parent and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Parent Financial Statements included in the Company's SEC Reports and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount amount, or extent, extent and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 1 contract

Samples: Merger Agreement (Telaxis Communications Corp)

Absence of Liens and Encumbrances. The Company Each of Parent and each of its subsidiaries --------------------------------- has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal personal, and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financial Statements included in the Company's SEC Reports Parent Financials and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount amount, or extent, extent and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 1 contract

Samples: Merger Agreement (Phazar Corp)

Absence of Liens and Encumbrances. The Company and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financial Statements included in the Company's SEC Reports or as permitted by Section 4.1(j) and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, which are not material in character, amount or extent, and which do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby.

Appears in 1 contract

Samples: Merger Agreement (C Bridge Internet Solutions Inc)

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