Common use of Ownership of Property; Liens Clause in Contracts

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable valid title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest inin or right to use, all its other material property, except as would not reasonably be expected to have a Material Adverse Effect, and none the property of such property the Consolidated Group is subject to any Lienno Liens, except for other than Permitted Liens.

Ownership of Property; Liens. Each of Holdings, the Borrower and its Subsidiaries (i) has good record and marketable insurable title in fee simple to, or a valid leasehold interest in, all its material real property, and (ii) has good title to, or a valid leasehold interest in, all its other material property, property and (iii) none of such property in clauses (i) and (ii) is or shall be subject to any Lien, Lien except for Permitted Liensas permitted by subsection 7.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable indefeasible title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liens.

Ownership of Property; Liens. Each of the The Borrower and each of its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, to all its other property which is material to its business, and none of such property, and none of such property the investment advisory agreements to which the Borrower or any of its Subsidiaries is a party or any of the revenues thereunder, is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest interests in, all real property necessary or used in the ordinary conduct of its material real propertybusiness (including, and good title toin any case, or a valid leasehold interest in, all its other material property, and none each of such property the Borrowing Base Assets). Each Borrowing Base Asset is subject to any Lienno Liens, except for other than Permitted Liens. No Borrower owns any material intellectual property.

Ownership of Property; Liens. Each of the Borrower and its Restricted Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real propertyproperty necessary for its operations as then conducted, and good title to, or a valid leasehold interest in, all its other material property, and none of such property necessary for its operations as then conducted is subject to any Lien, Lien except for Permitted Liensas permitted by Section 8.3.

Ownership of Property; Liens. Each of the The Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, in each case except for minor defects in title that do not materially interfere with its ability to conduct its business or utilize such assets for their intended purposes, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 10.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest interests in, all real property necessary or used in the ordinary conduct of its material real propertybusiness (including, and good in any case, each of the Borrowing Base Assets), except for such defects in title toas could not, individually or in the aggregate, reasonably be expected to have a valid leasehold interest in, all its other material property, and none Material Adverse Effect. The property of such property the Borrowers is subject to any Lienno Liens, except for other than Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 8.3.

Ownership of Property; Liens. Each of the The Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real propertythe Property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for other than a Permitted LiensException.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real propertyproperty (including, without limitation, the Borrowing Base Assets), and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such the Borrower's property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 7.8.

Ownership of Property; Liens. Each of the Borrower and its Restricted Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold leasehold, easement, license or other interest in, all its material real property, and good title to, or a valid leasehold leasehold, easement, license or other interest in, all its other material property, except for defects in title which could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The property of the Borrower and none of such property its Subsidiaries is subject to any Lien, except for no Lien other than Permitted Liens.

Ownership of Property; Liens. Each of the Borrower Holdings and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted LiensLiens permitted by subsection 8.3. Schedule 5.8 sets forth all material real properties owned in fee or leased by the Loan Parties as of the Closing Date.

Ownership of Property; Liens. Each Except as set forth in Schedule 3.8, each of the Borrower and its Material Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none . None of such property is subject to any Lien, except for Lien other than Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries each Restricted Subsidiary has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable valid title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 8.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries each Subsidiary has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable insurable title in fee simple to, or a valid leasehold interest interests in, all real property necessary or used in the ordinary conduct of its material real propertybusiness (including, and good in any case, each of the Borrowing Base Assets), except for such defects in title toas could not, individually or in the aggregate, reasonably be expected to have a valid leasehold interest in, all its other material property, and none Material Adverse Effect. The property of such property the Borrowers is subject to any Lienno Liens, except for other than Permitted Liens.

Ownership of Property; Liens. Each of the The Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien other than a Permitted Lien, except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Restricted Subsidiaries is the sole owner of, legally and beneficially, and has good record marketable and marketable insurable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material propertyProperty, and none of such material real property or other Property is subject to any Lien, Lien except for Permitted Liens. None of the Pledged Stock is subject to any Lien except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries the other Loan Parties has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 8.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.3. Schedule 5.8 hereto lists all of the real property owned in fee or leased by the Borrower and its Subsidiaries on the Closing Date.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its real property material real propertyto the business of the Borrower and its Subsidiaries, taken as a whole, and good title to, or a valid leasehold interest in, all its other property material propertyto the business of the Borrower and its Subsidiaries, taken as a whole, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 6.2.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable insurable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such their respective property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 7.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 8.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas set forth in Schedule 5.8 or otherwise permitted hereunder.

Ownership of Property; Liens. Each of Person constituting the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 6.2.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable valid title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any LienLiens, except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 9.3.

Ownership of Property; Liens. Each of Person constituting ---------------------------- the Borrower and its their respective Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 6.2.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold or subleasehold interest in, all its other material propertyproperty (other than Intellectual Property), and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 10.3.

Ownership of Property; Liens. Each of the Borrower and its Restricted Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real propertyproperty necessary for its operations as then conducted, and good title to, or a valid leasehold interest in, all its other material property, and none of such property necessary for its operations as then conducted is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 8.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has holds good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real propertythe Property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for other than a Permitted Liens.Exception;

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple title to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Material Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real propertyto the Mortgaged Properties, and to the knowledge of the Borrower, has good and valid title to, or a valid leasehold interest in, all its other material property, property and none of such property is subject to any Lien, Lien except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower Borrower, Holdings and its their Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted LiensLiens permitted by subsection 8.3.

Ownership of Property; Liens. Each of the The Borrower and its Subsidiaries has have good record and marketable title in fee simple to, or a valid leasehold interest in, all its material their real property, and good title to, or a valid leasehold interest in, all its their other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas set forth on Schedule 4.8 and as otherwise permitted by subsection 7.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold or license interest in, all its other material propertyproperty (except Intellectual Property), and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.3.

Ownership of Property; Liens. Each of the The Borrower and its Subsidiaries has good record and marketable or insurable title in fee simple to, to or a valid leasehold interest interests in, all its material real property, and good title to, or a valid leasehold interest in, to all its other material property, and none of such property is subject to any Lien, except for Permitted Liensas set forth on Schedule 3.8.

Ownership of Property; Liens. Each of the Borrower and its each of their respective Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 8.3 of this Agreement.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable defeasible title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Liens other than any Permitted Lien, except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its real property material real propertyto the operation of its business, and good title to, or a valid leasehold interest in, all its other property material propertyto the operation of its business, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 6.3.

Ownership of Property; Liens. Each of the Borrower Borrowers and its their Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 9.3.

Ownership of Property; Liens. Each of the The Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by the Guarantee Agreement.

Ownership of Property; Liens. Each of the Borrower Borrowers and each of its respective Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, in all its other material property, and none of such property is subject to any Lien, except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries the other Loan Parties has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 8.4.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by the Senior Credit Agreement.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its real property material real propertyto the business of the Borrower and its Subsidiaries, taken as a whole, and good title to, or a valid leasehold interest in, all its other property material propertyto the business of the CREDIT AGREEMENT Borrower and its Subsidiaries, taken as a whole, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 6.2.

Ownership of Property; Liens. Each of the The Borrower and its Subsidiaries has (i) good record and marketable title in fee simple toto the property described in the Deed of Trust (other than the Easements and the property leased pursuant to the Ground Lease), or (ii) valid title to the Easements, (iii) a valid leasehold interest in, all its material real in the property leased pursuant to the Ground Lease and (iv) good and valid title to the Barge and to the portion of the Facility constituting personal property, in each case free and good title to, or a valid leasehold interest in, clear of all its Liens other material property, and none of such property is subject to any Lien, except for than Permitted Liens.

Ownership of Property; Liens. Each of the Such Borrower and each of its ---------------------------- Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 7.3.

Ownership of Property; Liens. Each of the Parent, the Borrower and each of its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest interests in, all real property necessary to the conduct of its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lienbusiness, except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real propertyproperty necessary for its operations as then conducted, and good title to, or a valid leasehold interest in, all its other material property, and none of such property necessary for its operations as then conducted is subject to any Lien, Lien except for Permitted Liensas permitted by Section 8.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted Liens.Liens permitted by subsection 8.3. Except for the Excluded Properties, the Mortgaged Fee Properties as listed on Part I of Schedule

Ownership of Property; Liens. Each of the Borrower and its Restricted Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.03.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable or indefeasible title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 10.3.

Ownership of Property; Liens. Each of the Borrower and its ---------------------------- Restricted Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.03.

Ownership of Property; Liens. Each of the Borrower Borrowers and its respective Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all of its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.3.

Ownership of Property; Liens. Each of the The Borrower and each of its Subsidiaries has good record and marketable title in fee simple to, or a valid and subsisting leasehold interest interests in, all its respective material real property, and good title to, or a valid leasehold interest in, to all its respective material other material property, and none of such property is subject subject, except as permitted hereunder, to any Lienlien (including, except for Permitted Lienswithout limitation, Federal, state and other tax liens).

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries each Subsidiary has good record and marketable or insurable title in fee simple to, to or a valid leasehold interest interests in, all its material real property, and good valid legal title to, or a valid leasehold interest in, interests to all its other material personal property, and none of such property is subject to any Lien, except for Permitted Liensas permitted in Subsection 6.2, or as set forth on Schedule 3.9.

Ownership of Property; Liens. Each of the The Borrower and each of its Restricted Subsidiaries has good and valid record and marketable title in fee simple to, or a valid leasehold interest interests in, or easements or other limited property interests in, all real property necessary in the ordinary conduct of its material real propertybusiness, free and good title to, or a valid leasehold interest in, clear of all its other material property, and none of such property is subject to any Lien, Liens except for Permitted LiensLiens permitted by Section 7.01 and except where the failure to have such title or other interest would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Ownership of Property; Liens. Each of Person constituting the Borrower and its their respective Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 6.2.

Ownership of Property; Liens. Each of the Borrower and its Restricted Subsidiaries has good record and marketable title in fee simple to, to or a valid leasehold interest in, interests in all its material real property, and good title to, or a valid leasehold interest in, to all its other property, in each case to the extent such property is material propertyto the business and financial condition of the Borrower and its subsidiaries taken as a whole, and none of such property is subject to any material Lien, except for Permitted Liensas permitted in subparagraph 6(B).

Ownership of Property; Liens. Each of the Parent Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted LiensLiens permitted by subsection 8.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable defeasible title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property (i) of Borrower is subject to any Lien , or (ii) of any Subsidiary is subject to any Lien other than a Permitted Lien, except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its such Borrower's Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.3.

Ownership of Property; Liens. Each of the The Borrower and each of its ---------------------------- Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 8.3.

Ownership of Property; Liens. Each of the Borrower and its ---------------------------- Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted LiensLiens permitted by subsection 14.2.

Ownership of Property; Liens. Each of the Borrower ---------------------------- and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all of its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record good, marketable and marketable insurable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest inin or adequate rights to use, all its other material propertyProperty, and none of such property material Property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.3.

Ownership of Property; Liens. Each of the Primary Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted LiensLiens permitted by subsection 14.2.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries the other Loan Parties has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 9.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable indefeasible title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 7.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.2.

Ownership of Property; Liens. Each of the The Borrower and its Subsidiaries has have good record and marketable title in fee simple to, to or a valid leasehold interest in, interests in all its material their respective real property, and good title to, to or a valid leasehold interest in, interests in all its their respective other material property, and none of such property is subject to any Lien, except for Permitted Liensas permitted in Section 7.9.

Ownership of Property; Liens. Each of the The U.S. Borrower and each of its Material Subsidiaries has good record and marketable title in fee simple to, or a valid and subsisting leasehold interest in, in all its material real property, and good title to, or a valid leasehold interest in, to all its other material property, and none of such property is subject to any Lien, except for Permitted Liens.as permitted in subsection 14.3 and except, in each case, where any failure to have good title or a valid and subsisting leasehold

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material propertyproperty (including, without limitation, the Rigs), and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.3.

Ownership of Property; Liens. Each of the Such Borrower and each of its Subsidiaries has good record and marketable title in fee simple to, or to all its owned real property and such Borrower and each of its Subsidiaries has a valid leasehold interest in, or occupancy rights with respect to all its material real property, and good title to, property leased or a valid leasehold interest in, all its other material propertyoccupied pursuant to the Material Leases, and none of such owned real property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 9.

Ownership of Property; Liens. Each of the The Borrower and its Subsidiaries has have good record and marketable title in fee simple to, or a valid leasehold interest in, all its material their real property, and good title to, or a valid leasehold interest in, all its their other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries is the sole owner of, and has good record and marketable insurable title in fee simple to, or a valid leasehold interest in, all its material real propertyReal Estate, and good title to, or a valid leasehold interest in, all its other material propertyProperty, and none of such property Property is subject to any claims, liabilities, obligations, charges or restriction of any kind, nature or description, or to any Lien except for any Permitted Lien, . None of the Pledged Stock is subject to any Lien except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Principal Domestic Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liens.as permitted by Section 5.02

Ownership of Property; Liens. Each of the Borrower and its ---------------------------- Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 6.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has have good record and marketable defensible title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its their other material property, and none of such property is subject to any Lien, Lien except for Permitted Liens. Schedule 5.8 accurately lists all of the real property and leasehold interests in real property of the Borrower and its Subsidiaries.

Ownership of Property; Liens. Each of the The Borrower and each of its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.2. Schedule 5.8 sets forth a true and complete list of all real property owned or leased by the Borrower and its Subsidiaries as of the date hereof.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.2.

Ownership of Property; Liens. Each of the Borrower and its Material Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 9.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, or a valid long-term easement on, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 7.2.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, property and good title to, or a valid leasehold interest in, all its other material propertyproperty (including, without limitation, the Borrowing Base Assets), and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 5.02.

Ownership of Property; Liens. Each of the Borrower and its ---------------------------- Consolidated Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted Liens.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, which is material to the operations of the business of, the Borrower and its Subsidiaries, taken as a whole and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 9.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, except for Permitted Liens.real

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable indefeasible title in fee simple to, or a valid leasehold interest in, all its material real 52 47 property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by subsection 11.3.

Ownership of Property; Liens. Each of the Borrower and its Subsidiaries has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property interest is subject to any Lien, except for Permitted LiensLiens permitted by subsection 8.3.

Ownership of Property; Liens. Each of the Borrower and its ---------------------------- Subsidiaries has good record and marketable indefeasible title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien, Lien except for Permitted Liensas permitted by Section 6.3.