Common use of Ownership of Property; Liens; Investments Clause in Contracts

Ownership of Property; Liens; Investments. (a) Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (b) The property of each Loan Party and each of its Subsidiaries is subject to no Liens, other than Permitted Liens.

Appears in 3 contracts

Samples: Credit Agreement (Nu Skin Enterprises, Inc.), Credit Agreement (Nu Skin Enterprises Inc), Credit Agreement (Nu Skin Enterprises Inc)

AutoNDA by SimpleDocs

Ownership of Property; Liens; Investments. (a) Each of the The Borrower and its Subsidiaries each Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its businessbusiness as it is currently conducted, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (b) The property of each Loan Party the Borrower and each of its Subsidiaries is subject to no Liens, other than Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (AdvanSix Inc.), Credit Agreement (AdvanSix Inc.)

Ownership of Property; Liens; Investments. (a) Each of the The Borrower and each of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (b) The property of each Loan Party the Borrower and each of its Material Domestic Subsidiaries is subject to no Liens, other than Permitted LiensLiens permitted by Section 7.01.

Appears in 2 contracts

Samples: Credit Agreement (Ashland Inc.), Credit Agreement (Ashland Inc.)

Ownership of Property; Liens; Investments. (a) Each of the The Parent Borrower and its Subsidiaries each Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its businessbusiness as it is currently conducted, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (b) The property (other than real property described in clause (a) above) of each Loan Party the Parent Borrower and each of its Subsidiaries is subject to no Liens, other than Permitted Liens.

Appears in 2 contracts

Samples: Asset Based Revolving Credit Agreement (Vista Outdoor Inc.), Asset Based Revolving Credit Agreement (Vista Outdoor Inc.)

Ownership of Property; Liens; Investments. (a) Each of the The Borrower and its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (b) The property of each Loan Party and each of its Subsidiaries the Borrower is not subject to no any Liens, other than Permitted LiensLiens permitted by Section 6.1.

Appears in 2 contracts

Samples: Superpriority Debtor in Possession Credit Agreement (Quantum Fuel Systems Technologies Worldwide, Inc.), Superpriority Debtor in Possession Credit Agreement (Americanwest Bancorporation)

Ownership of Property; Liens; Investments. (a) Each of the The Borrower and its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct Ordinary Course of its businessBusiness, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have result in a Material Adverse EffectChange. (b) The property of each Loan Party and each of its Subsidiaries the Borrower is not subject to no any Liens, other than Permitted LiensLiens permitted by Section 6.1.

Appears in 1 contract

Samples: Superpriority Debtor in Possession Credit Agreement (First Mariner Bancorp)

Ownership of Property; Liens; Investments. (a) Each of the The Parent Borrower and each Subsidiary has (i) good record and marketable title in fee simple to all of its Subsidiaries has Eligible Real Property and (ii) good record and marketable title in fee simple to, or valid leasehold interests in, all other real property necessary or used in the ordinary conduct of its businessbusiness as it is currently conducted, except except, in each case, for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (b) The property of each Loan Party and each of its Subsidiaries is subject to no Liens, other than Permitted Liens.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Vista Outdoor Inc.)

AutoNDA by SimpleDocs

Ownership of Property; Liens; Investments. (a) Each Loan Party and each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (b) The property of each Loan Party the Borrower and each of its Subsidiaries is subject to no Liens, other than Permitted LiensLiens permitted by Section 7.01.

Appears in 1 contract

Samples: Credit Agreement (U S Physical Therapy Inc /Nv)

Ownership of Property; Liens; Investments. (a) Each of the The Borrower and each of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (b) The property of each Loan Party and each of its Subsidiaries is subject to no Liens, other than Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Standex International Corp/De/)

Ownership of Property; Liens; Investments. (a) Each Loan Party and each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could would not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (b) The property of each Loan Party and each of its Subsidiaries is subject to no Liens, other than Permitted LiensLiens permitted by Section 7.01.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Valvoline Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!