Common use of Ownership of Properties Clause in Contracts

Ownership of Properties. The Borrower and the Subsidiaries have good title, free of all Liens other than those permitted by Section 6.15, to all of the assets reflected in the Borrower’s most recent consolidated financial statements provided to the Administrative Agent, as owned by the Borrower and the Subsidiaries except (a) assets sold or otherwise transferred as permitted under Section 6.12 and (b) to the extent the failure to hold such title could not reasonably be expected to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.)

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Ownership of Properties. The Parent, the Borrower and the Subsidiaries have good title, free of all Liens other than those permitted by Section 6.15, to all of the assets reflected in the BorrowerParent’s most recent consolidated financial statements provided to the Administrative Agent, as owned by the Parent, the Borrower and the Subsidiaries except (ai) assets sold or otherwise transferred as permitted under Section 6.12 and (bii) to the extent the failure to hold such title could would not reasonably be expected to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Security Agreement (United Stationers Inc), Security Agreement (United Stationers Inc), Security Agreement (United Stationers Inc)

Ownership of Properties. The Borrower and the each of its Subsidiaries have has good title, free of all Liens other than those permitted by Section 6.156.16, to all of the Property and assets reflected in the Borrower’s most recent consolidated financial statements provided to filed with the Administrative Agent, Securities and Exchange Commission as owned by the Borrower and the Subsidiaries except (a) assets sold or otherwise transferred as permitted under Section 6.12 and (b) to the extent the failure to hold such title could not reasonably be expected to have a Material Adverse Effectits Subsidiaries.

Appears in 5 contracts

Samples: Assignment Agreement (Navigators Group Inc), Assignment Agreement (Navigators Group Inc), Assignment Agreement (Navigators Group Inc)

Ownership of Properties. The Except as set forth on Schedule 5.13, the Borrower and the its Subsidiaries have good titleand marketable title to or valid leasehold interests in, free of all Liens other than those permitted by Section 6.15Permitted Liens, to all of the Property and assets reflected in the Borrower’s most recent consolidated financial statements provided to the Administrative Agent, Agent as owned by the Borrower and the Subsidiaries its Subsidiaries, in each case except (a) assets sold or otherwise transferred as permitted under Section 6.12 and (b) to the extent that the failure to hold possess such title or interests could not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc), Second Lien Credit Agreement (Moneygram International Inc)

Ownership of Properties. The Except as set forth on Schedule 5.13, the Borrower and the its Subsidiaries have good titleand marketable title to or valid leasehold interests in, free of all Liens other than those permitted by Section 6.15Permitted Liens, to all of the Property and assets reflected in the Borrower’s most recent consolidated financial statements provided to the Administrative Agent, Agent as owned by the Borrower and the Subsidiaries its Subsidiaries, in each case except (a) assets sold or otherwise transferred as permitted under Section 6.12 and (b) to the extent that the failure to hold possess such title or interests could not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Ownership of Properties. The Borrower and the Subsidiaries have good title, free of all Liens other than those permitted by Section 6.15‎6.15, to all of the assets reflected in the Borrower’s most recent consolidated financial statements provided to the Administrative Agent, as owned by the Borrower and the Subsidiaries except (a) assets sold or otherwise transferred as permitted under Section 6.12 ‎6.12 and (b) to the extent the failure to hold such title could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.)

Ownership of Properties. The Borrower and the its Subsidiaries have good and marketable title, free of all Liens other than those permitted by Section 6.15, to all of the Property and assets reflected in the Borrower’s most recent consolidated financial statements provided to the Administrative Agent, Agent and the Lenders as owned by the Borrower and the Subsidiaries except (a) its SIDLEY AXXXXX XXXXX & WXXX LLP Subsidiaries, other than Property and assets sold or otherwise transferred as permitted under Section 6.12 and (b) to disposed of in the extent the failure to hold such title could not reasonably be expected to have a Material Adverse Effectordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (FBL Financial Group Inc)

Ownership of Properties. The Borrower and the its Subsidiaries have good title, free of all Liens other than those permitted by Section 6.156.02(b), to all of the assets reflected in the Borrower’s 's most recent consolidated financial statements provided to the Administrative Agent, Agent as owned by the Borrower and the Subsidiaries Subsidiaries, except (a) assets sold or otherwise transferred as permitted under Section 6.12 and (b) to the extent the failure to hold such title could not reasonably be expected to have a Material Adverse Effect6.02(f).

Appears in 1 contract

Samples: Credit Agreement (Kinetic Concepts Inc /Tx/)

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Ownership of Properties. The Borrower and the its Subsidiaries have good title, free of all Liens other than those permitted by Section 6.15, to all of the Property and assets reflected in the Borrower’s 's most recent consolidated financial statements provided to the Administrative Agent, as owned by the Borrower and its Subsidiaries, except for minor irregularities in title with respect to Receivables that do not materially interfere with the business or operations of the Borrower or its Subsidiaries except (a) assets sold or otherwise transferred as permitted under Section 6.12 and (b) to the extent the failure to hold such title could not reasonably be expected to have a Material Adverse Effectpresently conducted.

Appears in 1 contract

Samples: Credit Agreement (Encore Capital Group Inc)

Ownership of Properties. The Borrower and the Subsidiaries have good title, free of all Liens other than those permitted by Section 6.15, to all of the assets reflected in the Borrower’s 's most recent consolidated financial statements provided to the Administrative Agent, as owned by the Borrower and the Subsidiaries except (ai) assets sold or otherwise transferred as permitted under Section 6.12 and (bii) to the extent the failure to hold such title could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Bridge Credit Agreement (Patterson Dental Co)

Ownership of Properties. The Borrower and the Subsidiaries have good title, free of all Liens other than those permitted by Section 6.15, to all of the assets reflected in the Borrower’s most recent consolidated financial statements provided to the Administrative Agent, as owned by the Borrower and the Subsidiaries except (ai) assets sold or otherwise transferred as permitted under Section 6.12 and (bii) to the extent the failure to hold such title could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Ownership of Properties. The Borrower and the its Restricted Subsidiaries will have good title, free of all Liens other than those permitted by Section 6.15, to all of the Property and assets reflected in the Borrower’s 's most recent consolidated financial statements provided to the Administrative Agent, Agent as owned by the Borrower and the Subsidiaries except (a) assets sold or otherwise transferred as permitted under Section 6.12 and (b) to the extent the failure to hold such title could not reasonably be expected to have a Material Adverse Effectits Restricted Subsidiaries. 5.15.

Appears in 1 contract

Samples: Credit Agreement (Seitel Inc)

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