Common use of Ownership of Property Clause in Contracts

Ownership of Property. (a) Each of the Borrower and 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.

Appears in 39 contracts

Samples: Credit Agreement (Patriot Transportation Holding, Inc.), Agreement, Credit and Term Loan Agreement (Aaron's Inc)

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Ownership of Property. (a) Each of the Borrower and each of its Significant Subsidiaries has good title to, in fee simple to or valid leasehold interests in, in all of its real and personal property material to the operation of its business, and title to or valid leasehold interests in all its other property useful and necessary in its business.

Appears in 9 contracts

Samples: Credit Agreement (Northwest Natural Gas Co), Credit Agreement (Northwest Natural Gas Co), Credit Agreement (Northwest Natural Holding Co)

Ownership of Property. (a) Each of the Borrower Borrowers and its their Subsidiaries has good and marketable title to, or valid leasehold interests inin (pursuant to valid and subsisting leases that are in full force), all of its real and personal property material to the operation of its business, in each case free and clear of Liens prohibited by this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Fortegra Group, Inc), Credit Agreement (Fortegra Group, LLC), Credit Agreement (Fortegra Group, LLC)

Ownership of Property. (a) Each of the Borrower and its Consolidated Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business, except for any such failure that, individually or in the aggregate, would not have a Material Adverse Effect.

Appears in 5 contracts

Samples: Term Loan Agreement (Fidelity National Information Services, Inc.), Credit Agreement (Certegy Inc), Revolving Credit Agreement (Certegy Inc)

Ownership of Property. (a) Each of the Borrower Sponsor and 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.

Appears in 5 contracts

Samples: Loan Facility Agreement and Guaranty (Aaron's Inc), Loan Facility Agreement and Guaranty (Aaron's Inc), Loan Facility Agreement and Guaranty (Aaron's Inc)

Ownership of Property. (a) Each of the Borrower and 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, free and clear of any Liens except Permitted Encumbrances.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Haverty Furniture Companies Inc), Revolving Credit Agreement (Haverty Furniture Companies Inc), Revolving Credit Agreement (Haverty Furniture Companies Inc)

Ownership of Property. (a) Each of the Borrower and its Subsidiaries has good and marketable title to, or valid leasehold interests in, all of its real and personal property material to the operation of its businessbusiness and which was described in the most recent financial statements delivered pursuant to Section 5.1.

Appears in 3 contracts

Samples: Credit Agreement (Harland John H Co), Credit Agreement (Harland John H Co), Revolving Credit Agreement (Harland John H Co)

Ownership of Property. (a) Each of Holdings, the Borrower and its Restricted Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business.

Appears in 3 contracts

Samples: Credit Agreement (Aaron's Company, Inc.), Credit Agreement (Aaron's Company, Inc.), Credit Agreement (Aaron's Company, Inc.)

Ownership of Property. (a) Each of the Borrower Borrowers and its Subsidiaries each Subsidiary (other than any Dormant Company) has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business.

Appears in 2 contracts

Samples: Credit Agreement (Crawford & Co), Revolving Credit Agreement (Crawford & Co)

Ownership of Property. (a) Each of the Borrower and its Subsidiaries Borrower, each Loan Party, and, to the best of Borrower’s knowledge, each Subsidiary has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business.

Appears in 2 contracts

Samples: Credit Agreement (United Surgical Partners International Inc), Credit Agreement (United Surgical Partners International Inc)

Ownership of Property. (a) Each of the Borrower and 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 U.S. Borrower referred to in Section 6.5, free and clear of Liens prohibited by this Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Corn Products International Inc), Revolving Credit Agreement (Corn Products International Inc)

Ownership of Property. (a) Each of the Borrower Borrowers and its 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, free and clear of Liens prohibited by this Agreement. 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.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Delek US Holdings, Inc.), Revolving Credit Agreement (Delek US Holdings, Inc.)

Ownership of Property. (a) Each of the Borrower Borrowers and its their Restricted Subsidiaries has good and marketable title to, or valid leasehold interests inin (pursuant to valid and subsisting leases that are in full force), all of its real and personal property material to the operation of its business, in each case free and clear of Liens prohibited by this Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Fortegra Financial Corp), Revolving Credit Agreement (Fortegra Financial Corp)

Ownership of Property. (a) Each The Parent and each of the Borrower and its Subsidiaries (including the Borrower) has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business, free and clear of all liens, security interests or other encumbrances. All leases that individually or in the aggregate are material to the business or operations of the Parent and each of its Subsidiaries (including the Borrower) are valid and subsisting and are in full force.

Appears in 2 contracts

Samples: Subordinated Term Loan Agreement (Crescent Financial Corp), Subordinated Term Loan Agreement (United Community Banks Inc)

Ownership of Property. (a) Each of the Borrower and its Subsidiaries has good and marketable title to, or valid leasehold interests in, all of its real and personal property material to the operation of its respective business.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Amsurg Corp), Revolving Credit Agreement (Amsurg Corp)

Ownership of Property. (a) Each of the Borrower and its Subsidiaries has each Subsidiary have good title to, or valid leasehold interests in, all of its their real and personal property material to the operation of its businesstheir respective businesses.

Appears in 2 contracts

Samples: Credit Agreement (Golden Grain Energy), Credit Agreement (Western Plains Energy LLC)

Ownership of Property. (a) Each of Holdings, the Borrower Sponsor and its Restricted Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business.

Appears in 2 contracts

Samples: Loan Facility Agreement and Guaranty (Aaron's Company, Inc.), Loan Facility Agreement and Guaranty (Aaron's Company, Inc.)

Ownership of Property. (a) Each of the Borrower and 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.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Central Freight Lines Inc/Tx)

Ownership of Property. (a) Each of the Borrower and its Subsidiaries has each Subsidiary have good title to, or valid leasehold interests in, all of its their real and personal property material to the operation of its businesstheir businesses.

Appears in 1 contract

Samples: Credit Agreement (Great Plains Ethanol LLC)

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Ownership of Property. (ad) Each of the Borrower and 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.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Aaron's Inc)

Ownership of Property. (a) Each of the Borrower and its Subsidiaries has good title and marketable to, or valid leasehold interests in, all of its real and personal property material to the operation of its respective business.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amsurg Corp)

Ownership of Property. (ao) Each of the Borrower Borrowers and its their Subsidiaries has good and marketable title to, or valid leasehold interests inin (pursuant to valid and subsisting leases that are in full force), all of its real and personal property material to the operation of its business, in each case free and clear of Liens prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Tiptree Inc.)

Ownership of Property. (a) Each of the Borrower and its Subsidiaries has good and marketable title to, or valid leasehold interests in, all of its real and personal property material to the operation of its respective business. All leases that individually or in the aggregate are material to the business or operations of the Borrower and its Subsidiaries are valid and subsisting and are in full force.

Appears in 1 contract

Samples: Subsidiary Guarantee Agreement (Amsurg Corp)

Ownership of Property. (a) Each of the Borrower and 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. All leases that individually or in the aggregate are material to the business or operations of the Borrower are valid and subsisting and are in full force.

Appears in 1 contract

Samples: Security Agreement (Oragenics Inc)

Ownership of Property. (a) Each of the The Borrower and its Subsidiaries has as a whole have good title to, or valid leasehold interests in, all of its their real and personal property material to the operation of its their business.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (CBRL Group Inc)

Ownership of Property. (a) Each of the The Borrower and 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, free and clear of all liens, security interests or other encumbrances. All leases that individually or in the aggregate are material to the business or operations of the Borrower are valid and subsisting and are in full force.

Appears in 1 contract

Samples: Subordinated Term Loan Agreement (Privatebancorp, Inc)

Ownership of Property. (a) Each of the Borrower Holdings and 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.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Central Freight Lines Inc)

Ownership of Property. (a) Each of the Borrower and 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, subject only to Permitted Encumbrances.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (First Acceptance Corp /De/)

Ownership of Property. (a) Each of the Borrower Parent Corporation and 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.

Appears in 1 contract

Samples: Term Loan Agreement (Hunt J B Transport Services Inc)

Ownership of Property. (a) Each of the Borrower and its Subsidiaries has (a) good title to, or valid leasehold interests in, all of its real property and (b) ownership of, possession of, or sufficient rights, to all personal property material to property, in each case, necessary or used in the operation ordinary conduct of its business, except where failure to do so would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Concentrix Corp)

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