Good Title; No Liens. The property described in Schedules 5.3(b) and 5.3(c) hereof constitutes all of the real property owned or leased by the Company and their respective Subsidiaries on the Restatement Effective Date. The Company and its Subsidiaries have good title to or a valid leasehold interest in (or, in the case of any fee interest in real property, good and marketable title to) all of their respective material assets, subject to the exceptions stated in the next sentence. There are no security interests in, liens, mortgages, or other encumbrances on and no financing statements on file with respect to any of the assets owned by Company or their respective Subsidiaries, except for (i) any defects that, individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect and (ii) other Liens permitted pursuant to Section 8.2.
Appears in 1 contract
Samples: Credit Agreement (Olympic Steel Inc)
Good Title; No Liens. The property described in Schedules 5.3(b) and 5.3(c) hereof constitutes all of the real property owned or leased by the The Company and their respective Subsidiaries on the Restatement Effective Date. The Company and its Subsidiaries have good title to or a valid leasehold interest in (or, in the case of any fee interest in real property, good and marketable title to) all of their respective material assets, subject to the exceptions stated in the next sentence. There are no security interests in, liens, mortgages, or other encumbrances on and no financing statements on file with respect to any of the assets owned by Company or their respective Subsidiaries, except for (i) any defects that, individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect and (ii) other Liens permitted pursuant to Section 8.2.
Appears in 1 contract
Samples: Credit Agreement (Olympic Steel Inc)
Good Title; No Liens. The As of the Effective Date, the property described in Schedules 5.3(b) 5.4 and 5.3(c4.3(b) hereof constitutes all of the real property owned or leased leased, respectively, by the Company and their respective Subsidiaries on the Restatement Effective Date. The Company and its Subsidiaries have good title to or a valid leasehold interest in (or, in the case of any fee interest in real property, good and marketable title to) all of their respective material assets, subject to the exceptions stated in the next sentence. There are no security interests in, liens, mortgages, or other encumbrances on and no financing statements on file with respect to any of the assets owned by Company or their respective its Subsidiaries, except for (i) any defects that, individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect and (ii) other Liens permitted pursuant to Section 8.27.2.
Appears in 1 contract
Good Title; No Liens. The property described in Schedules 5.3(b) and 5.3(c) hereof constitutes all of the real property owned or leased by the Company and their respective its Subsidiaries on the Restatement Effective Date. The Company and its Subsidiaries have good title to or a valid leasehold interest or interest as licensee in (or, in the case of any fee interest in real property, good and marketable title to) all of their respective material assets, subject to the exceptions stated in the next sentence. There are no security interests in, liens, mortgages, or other encumbrances on and no financing statements on file with respect to any of the assets owned by Company or their respective its Subsidiaries, except for (i) any defects that, individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect and (ii) other Liens permitted pursuant to Section 8.2.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (MSC Software Corp)