Ownership and Operation of Property. Each of the members of the Consolidated Group (i) has good record and marketable title to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted Liens, and (ii) has obtained all material licenses, permits, franchises or other certifications, consents, approvals and authorizations, governmental or private, necessary to the ownership of its Property and to the conduct of its business.
Ownership and Operation of Property. Each of the members of the Consolidated Group (a) has good record and marketable title to, or a valid leasehold interest in, all its material Real Property, and good title to, or a valid leasehold interest in, all its other material Property, and none of such Property is subject to any Lien, except for Permitted Liens, and (b) holds all licenses, permits, franchises, or other certifications, consents, approvals, and authorizations, governmental or private, necessary to the ownership of its Property and to the conduct of its business, except for any such licenses, permits, franchises, or other certifications, consents, approvals, and authorizations which the failure to hold could not reasonably be expected to have a Material Adverse Effect.
Ownership and Operation of Property. Each of the members of the North American Group (i) has valid and marketable title to, or a valid leasehold interest in, all its material real property, and valid title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted Liens, and (ii) except to the extent that the failure to do so would not be reasonably expected to have a Material Adverse Effect, has obtained all licenses, permits, franchises or other certifications, consents, approvals and authorizations, governmental or private, necessary to the ownership of its Property and to the conduct of its business.
Ownership and Operation of Property. Each of the members of the Consolidated Group (i) has good title to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material Property, and none of such Property is subject to any Lien, except for (a) with respect to any of its Property, whether now owned or after acquired, that constitutes Collateral, Permitted Collateral Liens (as defined in the applicable Collateral Documents) and (b) with respect to any of its Property, whether now owned or after acquired, that does not constitute Collateral, Permitted Liens, and (ii) has obtained all material licenses, permits, franchises or other certifications, consents, approvals and authorizations, governmental or private, necessary to the ownership of its Property and to the conduct of its business, which are material to the Consolidated Group taken as a whole.
Ownership and Operation of Property. Each of the members of the Consolidated Group (a) has good title to, or a valid leasehold interest in, all Property necessary in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and none of such Property is subject to any Lien, except for with respect to any of its Property, whether now owned or after acquired, Permitted Liens, and (b) has obtained all material licenses, permits, franchises or other certifications, consents, approvals and authorizations, governmental or private, necessary to the ownership of its Property and to the conduct of its business, which are material to the Consolidated Group taken as a whole.
Ownership and Operation of Property. Except as would not be reasonably expected to have a Material Adverse Effect, each of the members of the Consolidated Group (i) has good record and marketable title to, or a valid leasehold interest in, all its real property, and good title to, or a valid leasehold interest in, all its other property, and none of such property is subject to any Lien, except for Permitted Liens, and (ii) has obtained all licenses, permits, franchises or other certifications, consents, approvals and authorizations, governmental or private, necessary to the ownership of its Property and to the conduct of its business.
Ownership and Operation of Property. Each of the members of the Consolidated Group (i) has good and marketable title to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material Property, and none of such Property is subject to any Lien, except for Permitted Liens, and (ii) has obtained all licenses, permits, franchises or other certifications, consents, approvals and authorizations, governmental or private, required as a result of the ownership of its Property and to the conduct of its business other than those the failure of which to obtain could not reasonably be expected to have a Material Adverse Effect.
