Common use of Ownership of Assets Clause in Contracts

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank and as disclosed to Bank in writing prior to the date of this Agreement.

Appears in 24 contracts

Samples: Loan Agreement (Rent a Wreck of America Inc), Loan Agreement (Air South Airlines Inc), Loan Agreement (Opnet Technologies Inc)

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Ownership of Assets. The Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank Lender and as disclosed to Bank in writing Lender prior to the date of this Agreement.

Appears in 3 contracts

Samples: Loan Agreement (Medical Technology Systems Inc /De/), Loan Agreement (Medical Technology Systems Inc /De/), Loan Agreement (Medical Technology Systems Inc /De/)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except limited liens involving non-recourse lease related loans, and except for those granted to Bank and as disclosed to Bank in writing prior to the date of this Agreement.

Appears in 3 contracts

Samples: Loan Agreement (SCB Computer Technology Inc), Loan Agreement (SCB Computer Technology Inc), Loan Agreement (SCB Computer Technology Inc)

Ownership of Assets. Borrower has and its subsidiaries have good title to its their assets, and its such assets are free and clear of liens, except those granted to Bank and as disclosed to Bank in writing prior to the date of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Blue Rhino Corp), Loan Agreement (Blue Rhino Corp)

Ownership of Assets. Borrower has good and marketable title to its assets, and its assets are free and clear of liens, except those granted to Bank and as disclosed to Bank Lender in writing prior to the date of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Ark7 Properties LLC), Loan Agreement (Ark7 Properties LLC)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank Lender and as disclosed to Bank Lender in writing prior to the date of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (RGC Resources Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank and Bank, those incurred through Borrower receiving lease financing regarding personal property (i.e. furniture, hereinafter referred to as "Financed Assets") and/or as disclosed to Bank in writing prior to the date of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Daleen Technologies Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank and as disclosed to Bank in writing prior to the date of this Agreement (including the Sales Agreement).

Appears in 1 contract

Samples: Loan Agreement (Strandtek International Inc /)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except for those liens disclosed to and approved by Bank, and certain limited liens involving non-recourse lease related loans, and except for those granted to Bank and as disclosed to Bank in writing prior to the date of this AgreementAgreement or liens filed of record.

Appears in 1 contract

Samples: Loan Agreement (SCB Computer Technology Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank and as those disclosed to Bank in writing prior to the date of this Agreement, and except those liens granted to First Union Bank that shall be released as of the date of this Agreement or immediately thereafter.

Appears in 1 contract

Samples: Loan Agreement (Total Containment Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank and Prior Secured Lenders as disclosed to Bank in writing prior to the date of this AgreementLender.

Appears in 1 contract

Samples: Loan Agreement (Pet Quarters Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those liens (i) granted to Bank and as Lender, or (ii) disclosed to Bank Lender in writing prior to the date of this AgreementAgreement and accepted by Lender.

Appears in 1 contract

Samples: Loan Agreement (Coast Dental Services Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liensLiens, except those granted to Bank and as disclosed to Bank in writing prior to the date of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Pec Solutions Inc)

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Ownership of Assets. Borrower has good title to its respective assets, and its assets are free and clear of liens, except for those granted to Bank Bank, Permitted Liens and as those liens disclosed to Bank in writing prior to the date of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Mark Vii Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank or as permitted under section 5B of this Agreement, and as disclosed to Bank in writing prior to the date of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Opnet Technologies Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank and as disclosed to Bank in writing prior to the date of this Agreement, except permitted liens hereinafter defined.

Appears in 1 contract

Samples: Loan Agreement (Tandy Brands Accessories Inc)

Ownership of Assets. Borrower has good title to its assets, and its material assets are free and clear of liens, except those granted to Bank and as disclosed to Bank in writing prior to the date of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (K&g Mens Center Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank disclosed by Borrower and as disclosed to acknowledged by Bank in writing prior to the date of this Agreement.

Appears in 1 contract

Samples: Purchase and Sales Agreement (Healthtech International Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank and as disclosed to Bank in writing prior to the date of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Blue Rhino Corp)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those granted to Bank for Permitted Liens and as otherwise disclosed to Bank in writing prior to the date of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Eateries Inc)

Ownership of Assets. Borrower has good title to its assets, and its assets are free and clear of liens, except those those, granted to Bank and as disclosed to Bank in writing prior to the date of this Agreement.

Appears in 1 contract

Samples: Line of Credit Note (Corporatefamily Solutions Inc)

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