Common use of Ownership and Liens Clause in Contracts

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 interests reflected in the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this Agreement.

Appears in 3 contracts

Samples: Guidance Line of Credit and Security Agreement (Comstock Holding Companies, Inc.), Unsecured Line of Credit Agreement (Allied Capital Corp), Unsecured Line of Credit Agreement (Allied Capital 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 interests interest reflected in the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business)5.4, and none of the properties and assets owned by the Borrower Borrower, and none of its leasehold interests is interests, are subject to any Lienlien, except such as may be permitted pursuant to Section 6.01 of this Agreementthe Permitted Liens.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Xeta Technologies Inc), Revolving Credit and Term Loan Agreement (Kinark Corp), Agented Revolving Credit and Term Loan 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 interests reflected in the financial statements referred to in Section 4.04 5.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 7.01 of this Agreement.

Appears in 2 contracts

Samples: Line of Credit, Security and Pledge Agreement (Allied Capital Lending Corp), Line of Credit 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 the properties and assets and leasehold interests interest reflected in the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business)7.4, and none of the properties and assets owned by the Borrower Borrower, and none of its leasehold interests is interests, are subject to any Lienlien, except such as may be permitted pursuant to Section 6.01 of this Agreementthe 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 the properties and assets, real and personal, including the properties and assets and leasehold interests interest reflected in the financial statements referred to in Section 4.04 4.05 (other than any properties or assets disposed of in following the ordinary course dates of businesssuch financial statements), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this Agreementfor Permitted Liens.

Appears in 2 contracts

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

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 interests reflected in the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business)Collateral, and none of the such properties and assets owned by the Borrower and none of its leasehold interests is are subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this AgreementPermitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Jore Corp), Credit Agreement (Jore 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 interests reflected in and the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is are subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Hittite Microwave Corp), Equipment and Commercial Revolving Line of Credit Agreement (Hittite Microwave 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 interests interest reflected in the financial statements referred to in Section 4.04 paragraph 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 the Borrower and none of its leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 paragraph 7.1(a) of this Agreement.

Appears in 2 contracts

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

Ownership and Liens. The Each Borrower and its Subsidiaries has title to, or valid leasehold interests ininterests, in all of its properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of its their leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Integrated Circuit Systems Inc)

Ownership and Liens. The 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 interests reflected in the financial statements referred to in Section 4.04 5.05 (Financial Statements) (other than any properties or assets disposed of in the ordinary course of businessbusiness or as otherwise permitted under Section 7.05), and none of the properties and assets owned by the such Borrower and none of its the leasehold interests of such Borrower is subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this Agreementfor Permitted Liens.

Appears in 1 contract

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

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 interests interest reflected in the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lien, except such 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. The 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 interests reflected in the financial statements referred to in Section 4.04 4.4 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 6.1 of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Interactive Strength, Inc.)

Ownership and Liens. The Borrower has defensible 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 interests reflected in the financial statements referred to in Section 4.04 3.4 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 5.1 of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Infinite Group Inc)

Ownership and Liens. The 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 interests reflected in the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), Borrower and none of the properties and assets owned by the Borrower and none of its leasehold interests is are subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this Agreement.

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 interests interest reflected in the financial statements referred to in Section 4.04 3.7 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lienlien, except such as may be permitted pursuant to Section 6.01 5.6 of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Pennichuck Corp)

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 interests reflected in the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business)7.5, and none of the properties and assets owned by the Borrower or the Guarantors, and none of its their respective leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this Agreementfor 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 interests reflected in the financial statements referred to in Section 4.04 5.05 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lien, except as disclosed in such financial statements or as may be permitted pursuant to Section 6.01 of this Agreementhereunder.

Appears in 1 contract

Samples: Credit Agreement (MFS Multimarket Income Trust)

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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 interests interest reflected in the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business)5.4, and none of the properties and assets owned by the Borrower Borrower, and none of its leasehold interests is interests, are subject to any Lienlien, except such as may be permitted pursuant to Section 6.01 of this Agreementthe 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 interests interest reflected in the financial statements referred Financial Statements delivered to in Section 4.04 Lender (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lienlien, except for such as may be permitted pursuant lien granted to Section 6.01 of this AgreementLender.

Appears in 1 contract

Samples: Construction Loan Agreement (Axys Pharmaceuticals 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 interests interest reflected in the financial statements referred to in Section 4.04 3.7 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this Agreement.properties

Appears in 1 contract

Samples: Loan Agreement (Nashua Corp)

Ownership and Liens. The Each of the Borrower and its Subsidiaries has title to, or valid leasehold interests in, all of its properties and assets, real and personal, including the properties and properties, assets and leasehold interests reflected in the financial statements referred to in Section 4.04 7.5 hereof (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any of its Subsidiaries and none of its leasehold interests is subject to any Lien, Lien except such as may be permitted pursuant to under Section 6.01 9.2 of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Western Pacific Airlines Inc /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 interests reflected in pledged as Collateral to the financial statements referred to in Section 4.04 Bank (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (JLM Industries 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 interests reflected in the financial statements referred to in Section 4.04 5.05 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower it and none of its leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 of under this Agreement.

Appears in 1 contract

Samples: Mortgage Warehousing Loan and Security Agreement (American Home Mortgage Holdings 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 interests reflected in the financial statements referred previously delivered by Borrower to in Section 4.04 Bank (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 10.4 of this Agreement.

Appears in 1 contract

Samples: Revolving Credit Note (Hall Kinion & Associates 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 interests interest reflected in the financial statements referred to in Section 4.04 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 the Borrower and none of its their respective leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 of this AgreementPermitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Spacehab Inc \Wa\)

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 interests reflected in the financial statements referred to in Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower and none of its leasehold interests is subject to any Lienlien, except such 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 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 interests reflected in the financial statements referred to in Section 4.04 4.4 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the any Borrower and none of its their leasehold interests is subject to any Lien, except such as may be permitted pursuant to Section 6.01 6.1 of this Agreement.

Appears in 1 contract

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

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