Leased Personal Property. The Company and its Subsidiaries have good and valid leasehold title to all of Fixtures and Equipment and other tangible personal property leased by them from third parties, free and clear of any and all Encumbrances other than Permitted Encumbrances which would not permit the termination of the lease therefor by the lessor.
Appears in 3 contracts
Samples: Stock Purchase Agreement (Madison Investors Corp), Stock Purchase Agreement (Independence Holding Co), Stock Purchase Agreement (Softnet Systems Inc)
Leased Personal Property. The Other than personal property owned by the Company, the Company and its Subsidiaries have has good and valid leasehold title to all of Fixtures and Equipment and other the tangible personal property leased by them from third partiesAssets material to the Company in the operation of the Business, free and clear of any and all Encumbrances other than Permitted Encumbrances which would not permit the termination of the lease therefor by the lessor. Schedule 3.8(e) of the Company Disclosure Schedule sets forth all Leases for personal property.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Angiotech Pharmaceuticals Inc), Agreement and Plan of Merger (Angiotech Pharmaceuticals Inc)
Leased Personal Property. The Company and its Subsidiaries have has good and valid leasehold title to all of Fixtures and Equipment and other tangible personal property leased by them it from third parties, free and clear of any and all Encumbrances Encumbrances, other than Permitted Encumbrances which that would not permit the termination of the lease therefor Lease thereof by the lessor. With respect to the Company, Schedule 3.4(c)(ii) sets forth all Leases for Fixtures and Equipment, true and correct copies of which shall be delivered to or made available to the Purchaser on or before Closing.
Appears in 1 contract
Samples: Unit Purchase Agreement (Royal Energy Resources, Inc.)
Leased Personal Property. The Each of the Company and its Subsidiaries have has good and valid leasehold title to all of the Fixtures and Equipment Equipment, vehicles and other tangible personal property Assets leased by them it from third partiesparties that is material to the business of the Company or its Subsidiaries, free and clear of any and all Encumbrances other than Permitted Encumbrances which would not permit the termination of the lease therefor by the lessor.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Olivetti International Sa)
Leased Personal Property. The Company and its Subsidiaries have has good and valid leasehold title to all of such Fixtures and Equipment Equipment, vehicles and other tangible personal property Assets leased by them it from third parties, free and clear of any and all Encumbrances other than Permitted Encumbrances which would not permit the termination of the lease therefor by the lessor. Section 3.9(c) of Appendix III sets forth all Leases for personal property involving annual payments in excess of $10,000, true and correct copies of which have been delivered to Parent.
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