Common use of Properties; Intellectual Property Clause in Contracts

Properties; Intellectual Property. (i) The Borrower and each Subsidiary has good title to, or valid leasehold interests in, all its material real and personal property free and clear of all Liens, except for Permitted Liens and defects in title, in each case that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.

Appears in 2 contracts

Samples: Term Loan Agreement (Talbots Inc), Term Loan Agreement (Talbots Inc)

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Properties; Intellectual Property. (ia) The Borrower and each Subsidiary has good title to, or valid leasehold interests in, all its material real and personal property free and clear of all Liens(including its Mortgaged Properties), except for Permitted Liens Encumbrances and defects in title, in each case that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.

Appears in 1 contract

Samples: Credit Agreement (Ssa Global Technologies, Inc)

Properties; Intellectual Property. (ia) The Borrower and each Subsidiary has good title to, or valid leasehold interests in, all its material real and personal property free and clear of all Liens, except for Permitted Liens and defects in title, in each case that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.

Appears in 1 contract

Samples: Guaranty Agreement (Talbots Inc)

Properties; Intellectual Property. (i) The Borrower Each of the Guarantors and each Subsidiary of its Subsidiaries has good title to, or valid leasehold interests in, all its material real and personal property free and clear of all Liens, except for Permitted Liens and defects in title, in each case that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.

Appears in 1 contract

Samples: Guaranty (Talbots Inc)

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Properties; Intellectual Property. (i) The Borrower and each Subsidiary has good title to, or valid leasehold interests in, all its material real and personal property free and clear of all Liens, except for the “Existing Liens” set forth in Schedule 4.1(r) hereto and Permitted Liens and defects in title, in each case that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.

Appears in 1 contract

Samples: Short Term Loan Agreement (Talbots Inc)

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