Properties; Liens. Each Restricted Company has good and indefeasible title to all its property reflected on the Current Financials, except for property that (a) is obsolete, or (b) has been disposed of in the ordinary course of business or as otherwise permitted by the Loan Documents. Except for Permitted Liens, there is no Lien on any property of any Restricted Company.
Appears in 6 contracts
Samples: Credit Agreement (Centex Corp), Letter of Credit and Reimbursement Agreement (Centex Development Co Lp), Letter of Credit and Reimbursement Agreement (Centex Corp)
Properties; Liens. Each Restricted Company has good and indefeasible title with respect to all its material real property and good and sufficient title with respect to all its material personal property reflected on the Current Financials, except for property that (a) that is obsolete, or (b) has been disposed of in the ordinary course of business or as otherwise permitted by the Loan Documents. Except for Permitted Liens, there is no Lien on any material property of any Restricted Company.
Appears in 2 contracts
Samples: Exchange Agreement (Protection One Alarm Monitoring Inc), Revolving Credit Agreement (Protection One Alarm Monitoring Inc)
