Ownership of and Title to Assets Sample Clauses

Ownership of and Title to Assets. RPP owns, directly or indirectly, the Fox Distributed Entities and the Fox Distributed Partnerships. Each Fox Distributed Entity owns no other assets other than the partnership interests in the Fox Distributed Partnership in which it is a partner. No Fox Distributed Partnership has any subsidiaries. The assets of the Fox Distributed Entities and the Fox Distributed Partnerships are not subject to any Lien, except Liens that do not have a material adverse effect on the Fox Distributed Entities and the Fox Distributed Partnerships, taken as a whole. None of the Fox Distributed Entities has issued any ownership interests (or options, warrants or similar rights to acquire any ownership interests) to any party other than RPP. None of the Fox Distributed Partnerships has issued any ownership interests (or options, warrants or similar rights to acquire any ownership interests) to any party other than the Fox Distributed Entities that are its general partners.
Sample 1
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Ownership of and Title to Assets. (a) SECTION 2.7(A) of the Disclosure Schedule sets forth a -------------- complete list and brief description of all real property owned by Acquired Company. Acquired Company has good and marketable title to all such real property, in each case free and clear of all material mortgages, liens, and encumbrances except those shown or reflected in the Balance Sheet and except liens for taxes not yet due and encumbrances which do not materially reduce the value of such property.
Sample 1

Related to Ownership of and Title to Assets

  • Title to Assets The Company and the Subsidiaries have good and marketable title in fee simple to all real property owned by them and good and marketable title in all personal property owned by them that is material to the business of the Company and the Subsidiaries, in each case free and clear of all Liens, except for (i) Liens as do not materially affect the value of such property and do not materially interfere with the use made and proposed to be made of such property by the Company and the Subsidiaries and (ii) Liens for the payment of federal, state or other taxes, for which appropriate reserves have been made therefor in accordance with GAAP and, the payment of which is neither delinquent nor subject to penalties. Any real property and facilities held under lease by the Company and the Subsidiaries are held by them under valid, subsisting and enforceable leases with which the Company and the Subsidiaries are in compliance.

  • Good title to assets It and each of its Subsidiaries has a good, valid and marketable title to, or valid leases or licences of, and all appropriate Authorisations to use, the assets necessary to carry on its business as presently conducted.

  • Ownership of Seller Credit Acceptance is the sole owner of the membership interests of the Seller, all of which are fully paid and nonassessable and owned of record, free and clear of all mortgages, assignments, pledges, security interests, warrants, options and rights to purchase.

  • Ownership of Equipment Unless otherwise expressly set forth elsewhere in this Agreement, any and all tangible equipment, materials, documentation, or other items provided by the Company in connection with this Agreement shall remain the property of the Company.

  • OWNERSHIP OF THE ASSETS LNY will have exclusive and absolute ownership and control of its assets, including all assets in the Variable Account.

  • Ownership of the Property Borrower shall take all necessary action to retain title to the Property and the related Collateral irrevocably in Borrower, free and clear of any Liens other than Permitted Liens. Borrower shall warrant and defend the title to the Property and every part thereof, subject only to Permitted Liens, in each case against the claims of all Persons whomsoever.

  • Ownership of Equity Interests Issue, sell, transfer, pledge or otherwise dispose of any partnership interests, shares of capital stock or other equity or ownership interests ("Equity Interests") in any member of the Consolidated Group, except (i) issuance, sale or transfer of Equity Interests to a Credit Party by a Subsidiary of such Credit Party, (ii) in connection with a transaction permitted by Section 8.4, and (iii) as needed to qualify directors under applicable law.

  • Real Property; Title to Assets (a) The Company does not own any real property.

  • Ownership of Property; Liens Each of the Borrower and each Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used 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. The property of the Borrower and its Subsidiaries is subject to no Liens, other than Liens permitted by Section 7.01.

  • Ownership of Marks All use of the Xxxx by Licensee shall inure to the benefit of Licensor. Licensee shall cooperate in Licensor’s efforts to perfect or enforce its rights in the Xxxx and shall neither assert nor assist a third party in asserting any independent rights in the Xxxx anywhere in the world for any goods or services.

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