Common use of Assets and Contracts Clause in Contracts

Assets and Contracts. (a) Parent has good title to, or valid leasehold interests in, all of its properties and assets used in the conduct of its business. All such assets and properties, other than assets and properties in which the Parent has leasehold interests, are free and clear of all Liens. Parent has complied in all material respects with the terms of all leases to which it is a party and under which it is in occupancy, and all such leases are in full force and effect. Parent enjoys peaceful and undisturbed possession under all such leases. (b) Except as expressly set forth in this Agreement, the Parent Balance Sheet, or the notes thereto, or the Parent SEC Documents, Parent is not a party to any written or oral agreement not made in the ordinary course of business that is material to Parent. Parent does not own any real property. Parent maintains no insurance policies or insurance coverage of any kind with respect to Parent, its business, premises, properties, assets, employees, and agents. No consent of any bank or other depository is required to maintain any bank account, other deposit relationship or safety deposit box of Parent in effect following the consummation of the Merger and the transactions contemplated hereby.

Assets and Contracts. (a) Parent has good title to, or valid leasehold interests in, all of its properties and assets used in the conduct of its business. All such assets and properties, other than assets and properties in which the Parent has leasehold interests, are free and clear of all Liens. Parent has complied in all material respects with the terms of all leases to which it is a party and under which it is in occupancy, and all such leases are in full force and effect. Parent enjoys peaceful and undisturbed possession under all such leases. (b) Except as expressly set forth in this Agreement, the Parent Balance Sheet, Sheet or the notes thereto, or the Parent SEC Documents, Parent is not a party to any written or oral agreement not made in the ordinary course of business that is material to Parent. Parent does not own any real property. Parent maintains no insurance policies or insurance coverage of any kind with respect to Parent, its business, premises, properties, assets, employees, employees and agents. No consent of any bank or other depository is required to maintain any bank account, other deposit relationship or safety deposit box of Parent in effect following the consummation of the Merger and the transactions contemplated hereby.

Assets and Contracts. (a) Parent Company has good title to, or valid leasehold interests in, all of its properties and assets used in the conduct of its business. All such assets and properties, other than assets and properties in which the Parent Company has leasehold interests, are free and clear of all Liens. Parent Company has complied in all material respects with the terms of all leases to which it is a party and under which it is in occupancy, and all such leases are in full force and effect. Parent Company enjoys peaceful and undisturbed possession under all such leases. (b) Except as expressly set forth in this Agreement, the Parent Balance Sheet, or the notes thereto, or the Parent SEC Documents, Parent Company is not a party to any written or oral agreement not made in the ordinary course of business that is material to ParentParent Company. Parent Company does not own any real property. Parent maintains no insurance policies or insurance coverage of any kind with respect to ParentParent Company, its business, premises, properties, assets, employees, and agents. No consent of any bank or other depository is required to maintain any bank account, other deposit relationship or safety deposit box of Parent Company in effect following the consummation of the Merger and the transactions Transaction contemplated hereby.