Common use of Properties and Tangible Assets Clause in Contracts

Properties and Tangible Assets. (i) The Company has valid land use rights for all real property included in the Purchased Assets, clear and marketable title to all the tangible properties and tangible assets included in the Purchased Assets, free and clear of all material Liens, encumbrances, claims, security interest, options and restrictions of any nature whatsoever. Any real property and facilities held under lease by the Company and included in the Purchased Assets is held by the Company under valid, subsisting and enforceable leases of which the Company is in compliance, except as could not, individually or in the aggregate, have or reasonably be expected to result in a material adverse effect.

Properties and Tangible Assets. (i) The Company Vendor has valid land use rights for all real property included in the Purchased Assets, clear and marketable title to all the tangible properties and tangible assets included in the Purchased Assets, free and clear of all material Liens, encumbrances, claims, security interest, options and restrictions of any nature whatsoever. Any real property and facilities held under lease by the Company Vendor and included in the Purchased Assets is held by the Company Vendor under valid, subsisting and enforceable leases of which the Company Vendor is in compliance, except as could not, individually or in the aggregate, have or reasonably be expected to result in a material adverse effect.