Ownership of Property and Assets. Each of the Credit Parties and their Subsidiaries is the owner of, and has good and marketable title to or a valid leasehold interest in, all of its respective assets, which, together with assets leased or licensed by the Credit Parties and their Subsidiaries, represents all assets individually or in the aggregate material to the conduct of the businesses of the Credit Parties and their Subsidiaries, taken as a whole on the date hereof, and none of such assets is subject to any Lien other than Permitted Liens. Each Credit Party and its Subsidiaries enjoys peaceful and undisturbed possession under all of its leases and all such leases are valid and subsisting and in full force and effect except where any such failure could not reasonably be expected to have a Material Adverse Effect.
Ownership of Property and Assets. As of the date hereof, each of --------- -- -------- --- ------ the Company, the General Partner and the Project Partnership, as the case may be, has good and marketable title to, and is in peaceable possession of, all properties and assets of the Company, the General Partner and the Project Partnership, respectively, shown on the most recent balance sheet of each of the Company, the General Partner and the Project Partnership, as the case may be, free and clear of any material liens, claims or encumbrances, except those granted by the Project Partnership, the Company and the Project Partnership pursuant to the Financing Documents.
Ownership of Property and Assets. BBL is the owner of and has good and marketable title to all of its properties and assets, free and clear of all encumbrances whatsoever, except as BBL may advise the Purchaser. BBL has received an assignment of a certain Canadian patent for a catalytic converter, being patent number 2010754.
Ownership of Property and Assets. Each of the Credit Parties is the owner of, and has good and marketable title to, all of its respective assets, which, together with assets leased or licensed by the Credit Parties, represents all assets individually or in the aggregate material to the conduct of the businesses of the Credit Parties, taken as a whole on the date hereof, and none of such assets is subject to any Lien other than Permitted Liens. Each Credit Party enjoys peaceful and undisturbed possession under all of its leases and all such leases are valid and subsisting and in full force and effect except where any such failure could not reasonably be expected to have a Material Adverse Effect. The Credit Parties have delivered to the Administrative Agent complete and accurate copies of all material leases in effect as of the Closing Date.
Ownership of Property and Assets. Except for Permitted Liens, each of SGC and its Subsidiaries has good and valid title in fee simple to the Owned Properties and good and valid title to all of its or their other properties and Assets including, without limitation, the tangible and intangible personal property reflected as assets in their books and records. None of SGC or any of its Subsidiaries (i) owns any real property other than the Owned Properties; (ii) is bound by any agreement to own or lease any real property except for the Leases; or (iii) has leased any of its Owned Properties except pursuant to a Material Agreement. Each of SGC and its Subsidiaries owns, leases or has the lawful right to use all of the Assets necessary for the conduct of its business. Stratos Cyprus owns no Assets other than 130,000 ordinary shares of Stratos B.V. Stratos B.V. owns no Assets other than (x) its right, title and interest in the Acquisition Agreement and related documentation; (y) until such time as the legal transfer of 201,149,427 shares of Stratos Ireland from SWI to Stratos B.V. is completed, its beneficial interest in such shares and, thereafter, its legal interest in such shares; and (z) 130 class A shares and 70 class B shares of Xantic. Stratos Ireland owns no Assets other than its right, title and interest in certain bank accounts maintained with Bank of America or Royal Bank of Canada and a demand loan agreement dated February 8, 2006 between Stratos Ireland, as lender and SWI, as borrower.
Ownership of Property and Assets. Each Loan Party has good and valid title to all its material assets in each case free and clear of all Liens of any nature whatsoever except Permitted Liens. All of the Inventory is owned by the Loan Parties. With respect to real property or interests in real property, the applicable Loan Party has (i) fee title to all of its real property listed on Schedule 4.12 under the heading "Fee Properties" (each, a "Fee Property"), and (ii) good and valid title to the leasehold estates in all of the real property leased by it and listed on Schedule 4.12 under the heading "Leased Properties" (each, a "Leased Property"). The Fee Properties and the Leased Properties constitute, as of the Closing Date, all of the real property owned in fee or leased by the Loan Parties.
