Common use of Asset Ownership Clause in Contracts

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Bank, and all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances except as otherwise disclosed by such financial statements or otherwise in writing.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Applied Optoelectronics, Inc.)

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Asset Ownership. The Borrower has Borrowers have good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Bank, and all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances except as otherwise disclosed by such financial statements or otherwise in writingstatements.

Appears in 2 contracts

Samples: Loan Agreement (Sand Hills, Inc), Loan Agreement (Sand Hills, Inc)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Bank, and all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances except as otherwise disclosed by such financial statements or otherwise in writingstatements.

Appears in 2 contracts

Samples: Loan Agreement (Advisory Board Co), Loan Agreement (Delta Natural Gas Co Inc)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to contained in the BankSEC reports, and all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances encumbrances, except as otherwise disclosed by in such financial statements or otherwise in writingSEC Reports.

Appears in 2 contracts

Samples: Loan Agreement (Elite Pharmaceuticals Inc /Nv/), Loan Agreement (Elite Pharmaceuticals Inc /Nv/)

Asset Ownership. The Borrower has and its Subsidiaries have good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Bank, and all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances except as otherwise disclosed by such financial statements or otherwise in writingstatements.

Appears in 2 contracts

Samples: Loan Agreement (Body Central Corp), Loan Agreement (Body Central Corp)

Asset Ownership. The Borrower has good and marketable title to all of the their properties and assets assets, reflected on the balance sheets and financial statements furnished to the Bankand, and except for Permitted Encumbrances (as defined below), all such properties and assets are free and clear of mortgages, deeds of trustsecurity deeds, pledges, liens, security interestscharges, and all other encumbrances except as otherwise disclosed by such financial statements or otherwise in writingencumbrances.

Appears in 1 contract

Samples: Loan Agreement (Sysorex Global Holdings Corp.)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Bank, and and, to the best of Borrower’s knowledge, all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances except as otherwise disclosed by such financial statements or otherwise in writingstatements.

Appears in 1 contract

Samples: Loan Agreement (CNL Income Properties Inc)

Asset Ownership. The Borrower has and the Guarantors have good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Bank, and all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances except as otherwise disclosed by such financial statements or otherwise in writingstatements.

Appears in 1 contract

Samples: Loan Agreement (Scansource Inc)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Banksupplied Lender by Bxxxxxxx, and that all such properties and assets are free and clear of mortgages, deeds of trustsecurity deeds, pledges, liens, security interestscharges, and all other encumbrances encumbrances, except as otherwise disclosed by such the financial statements or otherwise in writingsubmitted to Lender.

Appears in 1 contract

Samples: Loan Agreement (Generation Income Properties, Inc.)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Banksupplied Bank by Borrower, and that all such properties and assets are free and clear of mortgages, deeds of trustsecurity deeds, pledges, liens, security interestscharges, and all other encumbrances encumbrances, except as otherwise disclosed by such the financial statements or otherwise in writingsubmitted to the Bank, and except for encumbrances on the fee simple interests of properties and assets leased to Borrower pursuant to capitalized leases.

Appears in 1 contract

Samples: Revolving Loan Agreement (Proxymed Inc /Ft Lauderdale/)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Bank, and all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances except as otherwise disclosed by to Bank. In addition, each other owner of collateral has good and marketable title to such financial statements or collateral, free and clear of any liens, security interests and encumbrances, except as otherwise in writingdisclosed to Bank.

Appears in 1 contract

Samples: Loan Agreement (Gladstone Capital Corp)

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Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Bank, and and, to the best of Borrower’s knowledge, all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances encumbrances, except as otherwise disclosed by such financial statements or otherwise in writingstatements.

Appears in 1 contract

Samples: Loan Agreement (CNL Income Properties Inc)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Bank, and all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances except as otherwise disclosed by such financial statements or statements. In addition, each other owner of collateral has good and marketable title to such collateral, free and clear of any liens, security interests and encumbrances, except as otherwise in writingdisclosed to Bank.

Appears in 1 contract

Samples: Loan Agreement (Embrex Inc /Nc/)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Banksupplied Lender by Xxxxxxxx, and that all such properties and assets are free and clear of mortgages, deeds of trustsecurity deeds, pledges, liens, security interestscharges, and all other encumbrances encumbrances, except as otherwise disclosed by such the financial statements or otherwise in writingsubmitted to Lender.

Appears in 1 contract

Samples: Loan Agreement (Generation Income Properties, Inc.)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished supplied to the BankBank by Borrower, and that all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interestscharges, and all other encumbrances encumbrances, except as otherwise disclosed by such the financial statements or otherwise in writingsubmitted to the Bank.

Appears in 1 contract

Samples: Promissory Note and Security Agreement (Action Products International Inc)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Banksupplied Lender by it, and that all such properties and assets are free and clear of mortgages, deeds of trustsecurity deeds, pledges, liens, security interestscharges, and all other encumbrances encumbrances, except as otherwise disclosed by such the financial statements or otherwise in writingsubmitted to Lender.

Appears in 1 contract

Samples: Loan Agreement (Procyon Corp)

Asset Ownership. The Borrower has and each Subsidiary have good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Bank, and all such properties and assets are free and clear of mortgages, deeds of trust, pledges, liens, security interests, and all other encumbrances except as otherwise disclosed by such financial statements or statements. In addition, each Mortgagor and Debtor has good and marketable title to such collateral, free and clear of any liens, security interests and encumbrances, except as otherwise in writing.disclosed to Bank,

Appears in 1 contract

Samples: Loan Agreement (Industrial Services of America Inc /Fl)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements furnished to the Banksupplied Lender by Borrower, and that all such properties and assets are free and clear of mortgages, deeds of trustsecurity deeds, pledges, liens, security interestscharges, and all other encumbrances encumbrances, except as otherwise disclosed by such the financial statements or otherwise in writingsubmitted to Lender.

Appears in 1 contract

Samples: Loan Agreement (Generation Income Properties, Inc.)

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