Common use of Absence of Liens and Encumbrances Clause in Contracts

Absence of Liens and Encumbrances. Each of Parent and 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 Parent Financial Statements 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: Agreement and Plan of Merger (P Com Inc), Agreement and Plan of Merger (Telaxis Communications Corp)

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Absence of Liens and Encumbrances. Each of Parent and 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 Parent Financial Statements 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: Agreement and Plan of Merger (Ydi Wireless Inc)

Absence of Liens and Encumbrances. Each of Parent and 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 Parent Financial Statements 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: Agreement and Plan of Merger (Telaxis Communications Corp)

Absence of Liens and Encumbrances. Each of Parent and 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 Parent Financial Statements 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: Agreement and Plan of Merger (Ydi Wireless Inc)

Absence of Liens and Encumbrances. Each of Parent and 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 Parent Financial Statements 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: Agreement and Plan of Merger (Phazar Corp)

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Absence of Liens and Encumbrances. 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 Parent Financial Statements or permitted by Section 4.2(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: Agreement and Plan of Reorganization (C Bridge Internet Solutions Inc)

Absence of Liens and Encumbrances. Each of Parent and 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 Parent Financial Statements 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: Agreement and Plan of Merger (Ydi Wireless Inc)

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