Common use of Absence of Liens and Encumbrances Clause in Contracts

Absence of Liens and Encumbrances. 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 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 Financials and except for liens for Taxes not yet due and payable and such imperfections of title and encumbrances, if any, which would not be material to Company.

Appears in 5 contracts

Samples: Agreement and Plan of Reorganization (Homegrocer Com Inc), Agreement and Plan of Reorganization (Homegrocer Com Inc), Merger Agreement (Petrex Corp)

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Absence of Liens and Encumbrances. 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 Financials and except for liens for Taxes taxes not yet due and payable and such imperfections of title and encumbrances, if any, which would not be material to Company.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Go2net Inc)

Absence of Liens and Encumbrances. Except as disclosed in the Company Schedules, the Company and each of its subsidiaries has good good, valid and valid marketable title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its tangible properties and assets, assets (whether real, personal and or mixed, used in and whether tangible or intangible), necessary for the conduct of its business, free and clear of any liens or encumbrances except as reflected in the Company Financials and except for liens for Taxes taxes not yet due and payable and such imperfections of title and encumbrances, if any, which would not be material to Companypayable.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Learmonth & Burchett Management Systems PLC \England\)

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Absence of Liens and Encumbrances. 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 Financials and except for liens for Taxes taxes not yet due and payable and such imperfections of title and encumbrances, if any, which would not be material to Company.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Infospace Inc)

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