Common use of Properties; Liens Clause in Contracts

Properties; Liens. Each Company has good title to all of its property reflected on the Current Financials (except for property that is obsolete or that has been disposed in the ordinary course of business or, after the date of this Agreement, as otherwise permitted by Section 8.7 or Section 8.8). Except for Permitted Liens, no Lien exists on any Unencumbered Property, and the execution, delivery, performance, or observance of the Loan Documents shall not require or result in the creation of any Lien on any Unencumbered Property.

Properties; Liens. Each Company has good and marketable (except for Permitted Liens) title to all of its property reflected on the Current Financials as being owned (except for dispositions of property that is obsolete or that has been disposed in the ordinary course of business or, after between the date of this Agreement, as otherwise permitted by Section 8.7 or Section 8.8dates thereof and the date hereof). Except for Permitted Liens, there is no Lien exists on any Unencumbered Propertyproperty of any Company, and the execution, delivery, performance, or observance of the Loan Documents shall Papers will not require or result in the creation of any Lien on any Unencumbered Propertyother than Permitted Liens.

Properties; Liens. Each Company has good and marketable title to all of its property reflected on the Current Financials (as being owned by it except for property that is obsolete or that has been disposed of in the ordinary course of business or, after between the date of the Current Financials and the date of this Agreement, as otherwise permitted by Section 8.7 or Section 8.8). Except for Permitted Liens, no No Lien exists on any Unencumbered Propertyproperty of any Company except Permitted Liens. No Company is party or subject to any agreement, and the execution, delivery, performanceinstrument, or observance order which in any way restricts any Company's ability to allow Liens to exist upon any of the Loan Documents shall not require or result in the creation of any Lien on any Unencumbered Propertyits assets except relating to Permitted Liens.

Properties; Liens. Each Company has good title to all of its property reflected on the Current Financials (except for property that is obsolete or that has been disposed in the ordinary course of business or, after the date of this Agreement, as otherwise permitted by Section SECTION 8.7 or Section SECTION 8.8). Except for Permitted Liens, no Lien exists on any Unencumbered Property, and the execution, delivery, performance, or observance of the Loan Documents shall not require or result in the creation of any Lien on any Unencumbered Property.

Properties; Liens. Each Company has good and marketable title to all of its property reflected on the Current Financials (except for property that is obsolete or that has been disposed in the ordinary course of business or, after the date of this Agreement, as otherwise permitted by Section 8.7 SECTION 9.10 or Section 8.8SECTION 9.11). Except for Permitted Liens, no Lien exists on any Unencumbered Propertyproperty of any Company, and the execution, delivery, performance, or observance of the Loan Documents shall Papers will not require or result in the creation of any Lien (other than Lender Liens) on any Unencumbered PropertyCompany's property.

Properties; Liens. Each Company has good and indefeasible ----------------- title to all of its property reflected on the Current Financials (except for other than property that is obsolete or that has been disposed in the ordinary course of business or, after the date of this Agreement, as otherwise permitted by Section 8.7 9.10 or Section 8.89.11 or consented to by the Required Lenders). Except for Permitted Liens, no Lien exists on any Unencumbered Propertyproperty of any Company, and the execution, delivery, performance, performance or observance of the Loan Documents shall Papers will not require or result in the creation of any Lien (other than Lender Liens) on any Unencumbered PropertyCompany's property.