Common use of Ownership of Property; Insurance Clause in Contracts

Ownership of Property; Insurance. (a) Each of the Borrowers and their Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business, including all such properties reflected in the most recent audited consolidated balance sheet of the Borrowers referred to in Section 4.4 or purported to have been acquired by any Borrower or any of their Subsidiaries after said date (except as sold or otherwise disposed of in the ordinary course of business or as permitted under this Agreement or any other Loan Document), in each case free and clear of Liens (other than Permitted Liens). All leases that individually or in the aggregate are material to the business or operations of the Borrowers and their Subsidiaries are valid and subsisting and are in full force in all material respects.

Ownership of Property; Insurance. (a) Each of the Borrowers Borrower and their its Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business, including all such properties reflected in the most recent audited consolidated balance sheet of the Borrowers Borrower referred to in Section 4.4 5.04 or purported to have been acquired by any the Borrower or any of their its Subsidiaries after said date (except as sold or otherwise disposed of in the ordinary course of business or as permitted under this Agreement or any other Loan Document), in each case free and clear of Liens (other than Permitted Liens). All leases that individually or in the aggregate are material to the business or operations of the Borrowers Borrower and their its Subsidiaries are valid and subsisting and are in full force in all material respects.

Ownership of Property; Insurance. (a) Each of the Borrowers Borrower and their its Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business, including all such properties reflected in the most recent audited consolidated balance sheet of the Borrowers Borrower referred to in Section 4.4 5.04 or purported to have been acquired by any the Borrower or any of their its Subsidiaries after said date (except as sold or otherwise disposed Disposed of in the ordinary course of business or as permitted under this Agreement or any other Loan Document), in each case free and clear of Liens (other than Permitted Liens). All leases that individually or in the aggregate are material to the business or operations of the Borrowers Borrower and their its Subsidiaries are valid and subsisting and are in full force in all material respects.

Ownership of Property; Insurance. (a) Each i)Each of the Borrowers Borrower and their its Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business, including all such properties reflected in the most recent audited consolidated balance sheet of the Borrowers Borrower referred to in Section 4.4 5.04 or purported to have been acquired by any the Borrower or any of their its Subsidiaries after said date (except as sold or otherwise disposed Disposed of in the ordinary course of business or as permitted under this Agreement or any other Loan Document), in each case free and clear of Liens (other than Permitted Liens). All leases that individually or in the aggregate are material to the business or operations of the Borrowers Borrower and their its Subsidiaries are valid and subsisting and are in full force in all material respects.

Ownership of Property; Insurance. (a) 3. Each of the Borrowers Borrower and their its Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business, including all such properties reflected in the most recent audited consolidated balance sheet of the Borrowers Borrower referred to in Section 4.4 5.04 or purported to have been acquired by any the Borrower or any of their its Subsidiaries after said date (except as sold or otherwise disposed Disposed of in the ordinary course of business or as permitted under this Agreement or any other Loan Document), in each case free and clear of Liens (other than Permitted Liens). All leases that individually or in the aggregate are material to the business or operations of the Borrowers Borrower and their its Subsidiaries are valid and subsisting and are in full force in all material respects.