Common use of Personal and Property Clause in Contracts

Personal and Property. Company possesses, and has good and marketable title of all property necessary for the continued operation of the business of Company as presently conducted and as represented to Smart Ventures. All such property is used in the business of Company. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material equipment, furniture, fixtures and other tangible personal property and assets owned or leased by Company is owned by Company free and clear of all liens, security interests, charges, encumbrances, and other adverse claims, except as set forth herein: There are no outstanding agreements or options to acquire or purchase the Company project, or any interest in or any portion thereof and no person, firm or corporation has any proprietary or possessory or royalty interest in Company other than Company Company is free and clear of all Liens, defects in title and third party interests other.

Personal and Property. Company possesses, and has good and marketable title of all property necessary for the continued operation of the business of Company as presently conducted and conducted, as represented to Smart VenturesRV Estates and as set forth on Schedule 4. All such property is used in the business of Company. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material equipment, furniture, fixtures and other tangible personal property and assets owned or leased by Company is owned by Company free and clear of all liens, security interests, charges, encumbrances, and other adverse claims, except as set forth herein: There are no outstanding agreements or options to acquire or purchase the any Company projectassets, or any interest in or any portion thereof and no person, firm or corporation has any proprietary or possessory or royalty interest in the Company other than Company or its assets. Company is free and clear of all Liens, defects in title and third party interests other.

Personal and Property. Company possesses, and has good and marketable title of all property necessary for the continued operation of the business of Company as presently conducted and as represented to Smart VenturesWind Works. All such property is used in the business of Company. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material equipment, furniture, fixtures and other tangible personal property and assets owned or leased by Company is owned by Company free and clear of all liens, security interests, charges, encumbrances, and other adverse claims, except as set forth herein: There are no outstanding agreements or options to acquire or purchase the Company project, or any interest in or any portion thereof and no person, firm or corporation has any proprietary or possessory or royalty interest in Company other than Company Company is free and clear of all Liens, defects in title and third party interests other.