Common use of Ownership of Property; Intellectual Property Clause in Contracts

Ownership of Property; Intellectual Property. (a) Each of the Borrower and its Subsidiaries has good record and indefeasible title in fee simple to, or a valid leasehold interest in, in all material respects, in all its real property, and good title to, or a valid leasehold interest in, in all material respects, in all its other material property, and none of the property of the Borrower or of its Subsidiaries is subject to any Lien except as permitted by Section 8.3.

Ownership of Property; Intellectual Property. (a) Each of the Borrower and its Subsidiaries has good record and indefeasible title in fee simple to, or a valid leasehold interest in, in all of its material respects, in real property (including all its real propertyof the Scheduled Properties), and good title to, or a valid leasehold interest in, in to all material respects, in all of its other material property, and none of the property of the Borrower or of its Subsidiaries is subject to any Lien except as permitted by Section 8.3.

Ownership of Property; Intellectual Property. (a) Each of the Such Borrower and each of its Subsidiaries has good record and indefeasible title in fee simple to, or a valid leasehold interest in, in all material respects, in all its real propertyReal Property, and good title to, or a valid leasehold interest in, in all material respectsor a valid right to use, in all its other property and assets which are material property, and none of to the property of the Borrower or operations of its Subsidiaries is businesses, in each case subject only to any Lien except as permitted by Section 8.3Permitted Liens.