Common use of Assets Other than Real Property Interests Clause in Contracts

Assets Other than Real Property Interests. (a) Satlynx has good and valid title to, a valid leasehold interest in, or a valid right of use for all the material assets reflected on the latest Satlynx Balance Sheet or thereafter acquired other than those disposed of since the date of the latest Satlynx Balance Sheet in the Ordinary Course of Business, in each case free and clear of all Encumbrances other than Permitted Encumbrances. (b) Either SES or an SES Entity has good and valid title to (or, with respect to leased or licensed AMC-23 Transferred Assets, a valid leasehold interest in, or a valid right of use for) all the material AMC-23 Transferred Assets, in each case free and clear of all Encumbrances other than Permitted Encumbrances. (c) This Section 4.13 does not relate to real property or interests in real property, such items being the subject of Section 4.14, or to Intellectual Property, such items being the subject of Section 4.16.