Ownership of Real Property; Liens. (a) Each Loan Party and each of its Subsidiaries has legal 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 Effect.
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Samples: Credit Agreement (Guess Inc), Credit Agreement (Guess Inc)
Ownership of Real Property; Liens. (a) Each Loan Party and each of its Restricted Subsidiaries has legal 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 EffectChange. The property of the Borrowers and its Restricted Subsidiaries is subject to no Liens, other than Liens permitted hereunder, including Permitted Liens.
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Samples: Credit Agreement (Alexion Pharmaceuticals Inc), Credit Agreement (Alexion Pharmaceuticals Inc)
Ownership of Real Property; Liens. (a) Each Loan Party and each of its Subsidiaries has legal good record and 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 Effect. None of such property is subject to any Lien, except for Liens permitted by Section 7.01.
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Samples: Credit Agreement (Susser Petroleum Partners LP), Credit Agreement (Susser Petroleum Partners LP)
Ownership of Real Property; Liens. (a) Each Loan Party and each of its Subsidiaries has legal 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 Effect. The property of each Loan Party and its Subsidiaries is subject to no Liens, other than Permitted Liens.
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