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

Ownership of Real Property; Liens. Each Loan Party and each of its Restricted Subsidiaries has good 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 would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Change. The property of the Borrowers and its Restricted Subsidiaries is subject to no Liens, other than Liens permitted hereunder, including Permitted Liens.

Ownership of Real Property; Liens. Each Loan Party and each of its Restricted Subsidiaries has good record and marketable indefeasible 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 would notthat, individually or in the aggregate, (i) do not materially interfere with the ordinary conduct of its business or (ii) could not reasonably be expected to have a Material Adverse ChangeEffect. The None of such property of the Borrowers and its Restricted Subsidiaries is subject to no Liensany Lien, other than except for Liens permitted hereunder, including Permitted Liensby Section 7.01.

Ownership of Real Property; Liens. Each Loan Party and each of its Restricted 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 would could not, individually or in the aggregate, reasonably be expected to have a Material Adverse ChangeEffect. The property of the Borrowers each Loan Party and its Restricted Subsidiaries is subject to no Liens, other than Liens permitted hereunder, including Permitted Liens.