Common use of Ownership and Liens Clause in Contracts

Ownership and Liens. Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.4, and none of the properties and assets owned by Borrower, and none of its leasehold interests, are subject to any lien, except the Permitted Liens.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Xeta Technologies Inc), Credit and Term Loan Agreement (Orchids Paper Products CO /DE), Credit and Term Loan Agreement (Kinark Corp)

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Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred to in Section 5.44.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrower and none of its leasehold interests, are interests is subject to any lienLien, except the Permitted Lienssuch as may be permitted pursuant to Section 6.01 of this Agreement.

Appears in 3 contracts

Samples: Credit and Security Agreement (Comstock Holding Companies, Inc.), Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.4paragraph 5.1(d) of this Agreement (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrower and none of its leasehold interests, are interests is subject to any lienLien, except the Permitted Lienssuch as may be permitted pursuant to paragraph 7.1(a) of this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Surgical Safety Products Inc), Security Agreement (Orange Productions Inc)

Ownership and Liens. Borrower has title to, or valid leasehold interests in, all of its the properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.44.05 (other than any properties or assets disposed of following the dates of such financial statements), and none of the properties and assets owned by Borrower, Borrower and none of its leasehold interests, are interests is subject to any lienLien, except the for Permitted Liens.

Appears in 2 contracts

Samples: Loan Agreement (Faro Technologies Inc), Loan Agreement (Faro Technologies Inc)

Ownership and Liens. Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.47.4, and none of the properties and assets owned by Borrower, and none of its leasehold interests, are subject to any lien, except the Permitted Liens.

Appears in 2 contracts

Samples: Agented Credit Agreement (Orchids Paper Products CO /DE), Agented Credit Agreement (Orchids Paper Products CO /DE)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in and the financial statements referred to in Section 5.44.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrower and none of its leasehold interests, interests are subject to any lienLien, except the Permitted Lienssuch as may be permitted pursuant to Section 6.01 of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Hittite Microwave Corp), Credit Agreement (Hittite Microwave Corp)

Ownership and Liens. Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected pledged as Collateral to the Bank (other than any properties or assets disposed of in the financial statements referred to in Section 5.4ordinary course of business), and none of the properties and assets owned by Borrower, and none of its leasehold interests, are the Borrower is subject to any lienLien, except the Permitted Lienssuch as may be permitted by this Agreement.

Appears in 2 contracts

Samples: Credit and Security Agreement (Sun Hydraulics Corp), Credit and Security Agreement (Sun Hydraulics Corp)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred to in Section 5.45.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrower and none of its leasehold interests, are interests is subject to any lienLien, except the Permitted Lienssuch as may be permitted pursuant to Section 7.01 of this Agreement.

Appears in 2 contracts

Samples: Credit, Security and Pledge Agreement (Allied Capital Lending Corp), Line of Credit, Security and Pledge Agreement (Allied Capital Lending Corp)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including including, without limitation, the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.4Collateral, and none of the such properties and assets owned by Borrower, the Borrower and none of its leasehold interests, interests are subject to any lienLien, except the Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Jore Corp), Credit Agreement (Jore Corp)

Ownership and Liens. The Borrower has and the Guarantors have title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets assets, and leasehold interest interests reflected in the financial statements referred to in Section 5.46.5, and none of the properties and assets owned by Borrowerthe Borrower or the Guarantors, and none of its their respective leasehold interests, are is subject to any lienLien, except the for Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (United Capital Corp /De/), Credit Agreement (United Capital Corp /De/)

Ownership and Liens. Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred Financial Statements delivered to Lender (other than any properties or assets disposed of in Section 5.4the ordinary course of business), and none of the properties and assets owned by Borrower, Borrower and none of its leasehold interests, are interests is subject to any lien, except the Permitted Liensfor such lien granted to Lender.

Appears in 1 contract

Samples: Construction Loan Agreement (Axys Pharmaceuticals Inc)

Ownership and Liens. Borrower has title to, or valid leasehold interests in, the Collateral and all of its other properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred to in Section 5.44.4 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, Borrower and none of its leasehold interests, are interests is subject to any lienLien, except the Permitted Lienssuch as may be permitted pursuant to Section 6.1 of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Interactive Strength, Inc.)

Ownership and Liens. The Borrower has and its Subsidiaries have title to, or valid leasehold interests in, all of its their properties and assets, real and personal, including the properties and assets assets, and leasehold interest interests reflected in the financial statements referred to in Section 5.47.5, and none of the properties and assets owned by Borrowerthe Borrower or the Guarantors, and none of its their respective leasehold interests, are interests is subject to any lienLien, except the for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Technology Flavors & Fragrances Inc)

Ownership and Liens. The Borrower has title to, or valid leasehold interests interest in, all of its properties and assets, real and personal, including the properties and assets assets, and leasehold interest interests reflected in the financial statements referred to in Section 5.45.05 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrower and none of its leasehold interests, are interests is subject to any lienLien, except the Permitted Liensas disclosed in such financial statements or as may be permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (MFS Multimarket Income Trust)

Ownership and Liens. The Borrower and its Subsidiaries and each of the Guarantors has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets assets, and leasehold interest interests reflected in the financial statements referred to in Section 5.46.5, and none of the properties and assets owned by Borrowerthe Borrower and each of the Guarantors, and none of its their leasehold interests, are interests is subject to any lienLien, except the for Permitted LiensLiens or as disclosed in Schedule 6.6.

Appears in 1 contract

Samples: Revolving Credit Agreement (Schein Henry Inc)

Ownership and Liens. The Borrower and each of its Subsidiaries has title to, or valid leasehold interests in, all of its their properties and assets, real and personal, including the properties and assets assets, and leasehold interest interests reflected in the financial statements referred to in Section 5.46.05 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrower and none of its leasehold interests, interests are subject to any lienLien, except the Permitted Liensas may be permitted under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Navigators Group Inc)

Ownership and Liens. The Borrower and each of its Subsidiaries has title to, or valid leasehold interests in, all of its material properties and assets, real and personal, including the properties and assets assets, and leasehold interest interests reflected in the financial statements referred to in Section 5.46.05, and none of the properties and assets owned by Borrowerproperty in which the Borrower or its Subsidiaries, or any of them, has any right, title or interest and none of its their leasehold interests, are interests is subject to any lienLien, except the as disclosed in Schedule 6.10 or Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (MSC Industrial Direct Co Inc)

Ownership and Liens. The Borrower has valid title to, or valid leasehold interests interest in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.44.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrower and none of its leasehold interests, are interests is subject to any lienLien, except the Permitted Lienssuch as may be permitted pursuant to Section 6.01 of this Loan Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Basin Water, Inc.)

Ownership and Liens. Such Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred to in Section 5.45.05 (Financial Statements) (other than any properties or assets disposed of in the ordinary course of business or as otherwise permitted under Section 7.05), and none of the properties and assets owned by Borrower, such Borrower and none of its the leasehold interests, are interests of such Borrower is subject to any lienLien, except the for Permitted Liens.

Appears in 1 contract

Samples: Delayed Draw Term Loan Agreement (Insurance Acquisition Corp.)

Ownership and Liens. Borrower has Borrowers have title to, or valid ------------------- leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.4, and none of the properties and assets owned by BorrowerBorrowers, and none of its leasehold interests, are subject to any lien, except the Permitted Liens.

Appears in 1 contract

Samples: Credit Loan Agreement (Aaon Inc)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.44.04 and all properties and assets ------------ pledged as Collateral to the Bank (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrower and none of its their respective leasehold interests, are interests is subject to any lienLien, except the Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Spacehab Inc \Wa\)

Ownership and Liens. Except as shown on SCHEDULE 4.21 attached hereto and made part hereof, Borrower has title to, or has a valid leasehold interests interest in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred to in Section 5.4, of Borrower and none of the properties and assets owned by Borrower, Borrower and none of its leasehold interests, interests are subject to any lien, except the Permitted LiensLien.

Appears in 1 contract

Samples: Finance Agreement (Credit Concepts Inc)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.44.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrower and none of its leasehold interests, are interests is subject to any lienLien, except the Permitted Lienssuch as may be permitted pursuant to Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hertz Technology Group Inc)

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Ownership and Liens. Borrower has The Borrowers each have title to, or valid leasehold interests in, all of its their respective properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the Borrowers’ financial statements referred to in Section 5.44.05 hereof (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrowers and none of its the leasehold interests, interests of the Borrowers are subject to any lienLien, except the for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Orbit International Corp)

Ownership and Liens. Borrower has title to, or valid leasehold ------------------- interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.4, and none of the properties and assets owned by Borrower, and none of its leasehold interests, are subject to any lien, except the Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Sheffield Steel Corp)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred to in Section 5.44.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, and none of its leasehold interests, are the Borrower is subject to any lien, except the Permitted Lienssuch lien as may be permitted pursuant to Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Chevy Chase Preferred Capital Corp)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.43.7 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrower and none of its leasehold interests, are interests is subject to any lien, except the Permitted Lienssuch as may be permitted pursuant to Section 5.6 of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Pennichuck Corp)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.44.05 (other than any properties or assets disposed of in the ordinary course of business) and in all of the Acquired Assets, and none of the properties and assets owned by Borrower, the Borrower and none of its leasehold interests, are is subject to any lienLien, except the Permitted Liensas may be permitted hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Comforce Corp)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personalProperties, including the properties and assets and leasehold interest Properties reflected in the financial statements referred to Financial Statements (other than any Properties disposed of in Section 5.4the ordinary course of business), and none of the properties and assets Properties owned by Borrower, and none of its leasehold interests, are the Borrower is subject to any lienLien, except the Permitted Lienssuch as may be permitted pursuant to Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Credit Loan Agreement (Cogen Technologies Inc)

Ownership and Liens. Borrower has title to, or valid leasehold ------------------- interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.4, and none of of, the properties and assets owned by Borrower, and none of its leasehold interests, are subject to any lien, except the Permitted Liens.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (National Environmental Service Co)

Ownership and Liens. Each Borrower has title to, or valid leasehold interests in, all of its material properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred to in Section 5.44.4 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, any Borrower and none of its their leasehold interests, are interests is subject to any lienLien, except the Permitted Lienssuch as may be permitted pursuant to Section 6.1 of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Quad Systems Corp /De/)

Ownership and Liens. Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred to in "Financial Statements" (Section 5.44.05) (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, Borrower and none of its the leasehold interests, are interests of Borrower is subject to any lienLien, except the for Permitted Liens.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cpi Aerostructures Inc)

Ownership and Liens. Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial statements referred to in Section 5.4, and none of the properties and assets owned by Borrower, Borrower and none of its their leasehold interests, are interests is subject to any lienLien, except such as may be permitted pursuant to Section 6.01 of the Permitted LiensAgreement.

Appears in 1 contract

Samples: Credit Agreement (Golden Grain Energy)

Ownership and Liens. The Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred to in Section 5.45.05 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, it and none of its leasehold interests, are interests is subject to any lienLien, except the Permitted Liensas may be permitted under this Agreement.

Appears in 1 contract

Samples: Mortgage Warehousing Loan and Security Agreement (American Home Mortgage Holdings Inc)

Ownership and Liens. Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred previously delivered by Borrower to Bank (other than any properties or assets disposed of in Section 5.4, and none the ordinary course of the properties and assets owned by Borrower, and none business). All liens or security interests encumbering any property of its leasehold interests, are subject Borrower have been disclosed in writing to any lien, except the Permitted LiensBank.

Appears in 1 contract

Samples: Loan Agreement (Zoned Properties, Inc.)

Ownership and Liens. Each of the Borrower has and its Subsidiaries have title to, or valid leasehold interests in, all of its respective properties and assets, real and personal, including the properties and assets assets, and leasehold interest interests reflected in the financial statements referred to in Section 5.46.5, and none of the properties and assets owned by Borrowerthe Borrower or its Subsidiaries, and none of its their respective leasehold interests, are interests is subject to any lienLien, except the for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Genovese Drug Stores Inc)

Ownership and Liens. Borrower has The Borrowers each have title to, or valid leasehold interests in, all of its their respective properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the Borrowers’ financial statements referred to in “Financial Statements” (Section 5.44.05) (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower, the Borrowers and none of its the leasehold interests, interests of the Borrowers are subject to any lienLien, except the for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Orbit International Corp)

Ownership and Liens. Borrower has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and assets and leasehold interest interests reflected in the financial statements referred previously delivered by Borrower to Bank (other than any properties or assets disposed of in Section 5.4the ordinary course of business), and none of the properties and assets owned by Borrower, Borrower and none of its leasehold interests, are interests is subject to any lienLien, except the Permitted Lienssuch as may be permitted pursuant to Section 10.4 of this Agreement.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Hall Kinion & Associates Inc)

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