Common use of Properties and Insurance Clause in Contracts

Properties and Insurance. (a) The Borrower and each of its Material Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property, except for such failures to have good title to, or valid leasehold interests in, such properties that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. (b) The Borrower and each of its Material Subsidiaries owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to its business, and the use thereof by the Borrower and its Material Subsidiaries, to the knowledge of the Borrower, does not infringe upon the rights of any other Person in a manner that, individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect. (c) The Borrower and each of its Material Subsidiaries maintain adequate insurance coverage with reputable insurance companies on all of its respective property in such amounts and against such risks as are usually insured against in the same general area by companies engaged in the similar line of business.