Ownership; Encumbrances Sample Clauses

Ownership; Encumbrances. Except for the security interest granted pursuant to this Agreement and the Additional Security Agreements, charges, liens and encumbrances for taxes, assessments or governmental charges or claims which are not yet due and payable, statutory liens of landlords, carriers, warehousemen, mechanics and materialmen, the original Bridge Notes relating to the acquisition of Millenium, and other liens imposed in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security (collectively, “Permitted Encumbrances”), Debtor is the owner of the Collateral free and clear of all charges, liens, security interests, adverse claims and encumbrances of any and every kind or nature whatsoever.
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Ownership; Encumbrances. From the Genco Organization Date through and including the Option Closing Date or, if the Option is not exercised, the Option Expiration Date, Regco will not (a) sell, contract to sell, grant or enter into any option providing for the sale of, or otherwise transfer or dispose of, directly or indirectly, any partnership interests in Gencx XX xx any Subsidiary of Gencx XX xx Genco (other than transfers thereof pursuant to the restructuring transactions expressly contemplated herein) or any Genco Common Stock or any options, warrants, rights, convertible securities or other securities convertible into or exercisable or exchangeable for such partnership interests or Genco Common Stock, other than pursuant to (i) the Genco IPO or the Genco Spin-off (ii) the sale of the Shares pursuant to the Option or (iii) in the event the Genco Public Ownership Event is a Genco IPO which does not result in Regco's ownership of the outstanding Genco Common Stock being reduced to 81% or less, the sale prior to the commencement of the Pricing Period of Shares in an amount sufficient to result in a reduction of Regco's ownership of the outstanding Genco Common Stock to such level, but not below 80%, so that Regco may use the partial stock valuation method specified in Section 39.262(h)(3) of the Utilities Code or (b) mortgage, pledge, assign or encumber any partnership interests in Gencx XX xx Gencx (xx any Subsidiary of Gencx XX xx Genco), or any Genco Common Stock.
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Ownership; Encumbrances. 15 6.3 Operation, etc. of Genco Assets prior to Genco Organization Date........................ 15 6.4 Pre-Genco Public Ownership Date Capital Contributions................................... 15 6.5
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Ownership; Encumbrances. Sublandlord represents and warrants that it owns all right, title and interest in and to the Furniture, free and clear of any and all liens, pledges, hypothecation, equitable interests, rights of possession, claims, charges, lease obligations, security interests, encumbrances, or other rights (collectively, "Adverse Rights"), and that it has the full and unrestricted right and power to allow Subtenant to have possession and use of the Furniture during the term of this Sublease and all extensions thereto. If at any time during the term of the Sublease (or any extension thereto) it is discovered that any Adverse Rights exist, Sublandlord shall remove the same promptly upon notice by Subtenant, at Sublandlord's sole cost and expense. Except as otherwise expressly provided herein, Subtenant shall not have, or at any time acquire, any right, title or interest in the Furniture except the right to possession and use as provided for in this Sublease. Sublandlord shall have the right to place and maintain on the exterior or interior of each item of Furniture an inscription identifying Sublandlord's ownership of the Furniture. Subtenant shall not remove, obscure, deface or obliterate the inscription or permit any other person to do so. Neither Sublandlord nor Subtenant shall pledge, encumber, create a security interest in, or permit any lien to become effective on any Furniture throughout the term of this Sublease. Subtenant shall promptly notify Sublandlord of any liens, charges, or other encumbrances with respect to the Furniture of which Subtenant has knowledge. Subtenant shall promptly pay or satisfy any obligation from which any lien or encumbrance arises caused by Subtenant, and shall otherwise keep the Furniture and all right, title, and interest free and clear of all liens, charges, and encumbrances caused by Subtenant.
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Ownership; Encumbrances. Company represents and warrants that (i) it ----------------------- is a wholly-owned subsidiary of 21st Century Technology Group, Inc., an Illinois corporation; (ii) Company or its Affiliates shall have full legal and equitable title to the Cable System, subject only to those liens and encumbrances as may be necessary to finance the construction of the Cable System; and (iii) there are currently no liens or encumbrances on this Franchise Agreement or the Cable System."
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Ownership; Encumbrances. Except for the security interest granted pursuant to this Agreement and the Additional Security Agreements, charges, liens and encumbrances for taxes, assessments or governmental charges or claims which are not yet due and payable, statutory liens of landlords, carriers, warehousemen, mechanics and materialmen, the original Bridge Notes relating to the acquisition of Millenium, and other liens imposed LQ WKH RUGLQDU\ FRXUVH RI EXVLQHVV compensation, unemployment insurance and other types of social security (collectively, ³Permitted Encumbrances´ 'HEWRU LV WKH RZQHU RI WKH & charges, liens, security interests, adverse claims and encumbrances of any and every kind or nature whatsoever.
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Related to Ownership; Encumbrances

  • No Encumbrances Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens.

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

  • Title; Encumbrances Is the Property sold subject to any Encumbrances? No Yes, listed below: ■ WARNING TO SELLER: You are required to disclose all Title Encumbrances which will remain after settlement (for example, easements on your title and statutory easements for sewerage and drainage which may not appear on a title search). Failure to disclose these may entitle the Buyer to terminate the contract or to compensation. It is NOT sufficient to state "refer to title", "search will reveal", or similar. Tenancies: TENANTS NAME: ■ If the property is sold with vacant possession from settlement, insert 'Nil'. Otherwise complete details from Residential Tenancy Agreement. TERM AND OPTIONS: STARTING DATE OF TERM: ENDING DATE OF TERM: RENT: BOND: $ $ Managing Agent: AGENCY NAME: PROPERTY MANAGER: ADDRESS: SUBURB: STATE: POSTCODE: PHONE: FAX: MOBILE: EMAIL: POOL SAFETY

  • Encumbrances Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens.

  • Liens and Encumbrances The Company shall not directly or indirectly make, create, incur, assume or permit to exist any assignment, transfer, pledge, mortgage, security interest or other lien or encumbrance of any nature in, to or against any part of the Pledged Property or of the Company's capital stock, or offer or agree to do so, or own or acquire or agree to acquire any asset or property of any character subject to any of the foregoing encumbrances (including any conditional sale contract or other title retention agreement), or assign, pledge or in any way transfer or encumber its right to receive any income or other distribution or proceeds from any part of the Pledged Property or the Company's capital stock; or enter into any sale-leaseback financing respecting any part of the Pledged Property as lessee, or cause or assist the inception or continuation of any of the foregoing.

  • Title to Properties; Encumbrances Part 3.6 of the Disclosure Letter contains a complete and accurate list of all real property, leaseholds, or other interests therein owned by any Acquired Company. [Sellers have delivered or made available to Buyer copies of the deeds and other instruments (as recorded) by which the Acquired Companies acquired such real property and interests, and copies of all title insurance policies, opinions, abstracts, and surveys in the possession of Sellers or the Acquired Companies and relating to such property or interests.] The Acquired Companies own (with good and marketable title in the case of real property, subject only to the matters permitted by the following sentence) all the properties and assets (whether real, personal, or mixed and whether tangible or intangible) that they purport to own [located in the facilities owned or operated by the Acquired Companies or reflected as owned in the books and records of the Acquired Companies], including all of the properties and assets reflected in the Balance Sheet and the Interim Balance Sheet (except for assets held under capitalized leases disclosed or not required to be disclosed in Part 3.6 of the Disclosure Letter and personal property sold since the date of the Balance Sheet and the Interim Balance Sheet, as the case may be, in the Ordinary Course of Busine ss), and all of the properties and assets purchased or otherwise acquired by the Acquired Companies since the date of the Balance Sheet (except for personal property acquired and sold since the date of the Balance Sheet in the Ordinary Course of Business and consistent with past practice) [, which subsequently purchased or acquired properties and assets (other than inventory and short-term investments) are listed in Part 3.6 of the Disclosure Letter]. All material properties and assets reflected in the Balance Sheet and the Interim Balance Sheet are free and clear of all Encumbrances and are not, in the case of real property, subject to any rights of way, building use restrictions, exceptions, variances, reservations, or limitations of any nature except, with respect to all such properties and assets, (a) mortgages or security interests shown on the Balance Sheet or the Interim Balance Sheet as securing specified liabilities or obligations, with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists, (b) mortgages or security interests incurred in connection with the purchase of property or assets after the date of the Interim Balance Sheet (such mortgages and security interests being limited to the property or assets so acquired), with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists, (c) liens for current taxes not yet due, and (d) with respect to real property, (i) minor imperfections of title, if any, none of which is substantial in amount, materially detracts from the value or impairs the use of the property subject thereto, or impairs the operations of any Acquired Company, and

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