Common use of Absence of Liens Clause in Contracts

Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets.

Appears in 28 contracts

Samples: Series B Preferred Stock Purchase Agreement (Regeneron Pharmaceuticals, Inc.), Stock Purchase Agreement, Series B Convertible Preferred Stock Purchase Agreement

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Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s 's ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets.

Appears in 7 contracts

Samples: Cumulative Convertible Senior Note and Warrant Purchase Agreement (Coupon Express, Inc.), Cumulative Convertible Senior Note and Warrant Purchase Agreement (Psi Corp), Stock Purchase Agreement (Data Systems & Software Inc)

Absence of Liens. The property and assets that the Company Buyer owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes Taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the CompanyBuyer’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company Buyer is in compliance with such leases and, to its knowledgeKnowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Translate Bio, Inc.), Asset Purchase Agreement (Translate Bio, Inc.)

Absence of Liens. The Company’s property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement, Common Stock Purchase Agreement

Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets.,

Appears in 2 contracts

Samples: Series B Preferred Stock Purchase Agreement (Anterios Inc), Series B Preferred Stock Purchase Agreement (Anterios Inc)

Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets.

Appears in 1 contract

Samples: Securities Purchase Agreement (Comstock Inc.)

Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assetsdelinquent. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its knowledge, except as listed on Schedule 2.10, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets. With respect to each such Company lease, no lessor, lien, claim, or encumbrance interferes with the Company’s use and quiet enjoyment of such leased property or asset.

Appears in 1 contract

Samples: Securities Purchase Agreement (MGT Capital Investments Inc)

Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and that do not materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets. The Company does not own any real property.

Appears in 1 contract

Samples: Merger Agreement (Trenton Acquisition Corp.)

Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets. The Company does not own any real property.

Appears in 1 contract

Samples: Merger Agreement (R&r Acquisition Vi, Inc)

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Absence of Liens. The property and assets that the Company owns are owned free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its the Company’s knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets.

Appears in 1 contract

Samples: Series Seeda Preferred Stock Purchase Agreement

Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrancesEncumbrances, except for statutory liens for the payment of current taxes Taxation obligations that are not yet delinquent and encumbrances and liens Encumbrances that arise in the ordinary course of business and do not materially impair the Company’s 's ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with the terms of such leases and, to its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances Encumbrances other than those of the lessors of such property or assets.

Appears in 1 contract

Samples: Series a Preferred Share Purchase and Sale Agreement (China Techfaith Wireless Communication Technology LTD)

Absence of Liens. The property and assets that the Company Corporation owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the CompanyCorporation’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company Corporation is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets.

Appears in 1 contract

Samples: Securities Purchase Agreement (Allora Minerals, Inc.)

Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its knowledgeKnowledge, holds a valid leasehold interest free of any liens, claims or encumbrances other than those of the lessors of such property or assets.

Appears in 1 contract

Samples: Stock Purchase Agreement (TomoTherapy Inc)

Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liensLiens, loans and encumbrances, except for statutory liens Liens for the payment of current taxes that are not yet delinquent and encumbrances and liens Liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of any liensLiens, claims or encumbrances other than those of the lessors of such property or assets. The Company does not own any real property.

Appears in 1 contract

Samples: Securities Purchase Agreement (R&r Acquisition Vi, Inc)

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