Common use of Properties; Liens Clause in Contracts

Properties; Liens. The Company has good and marketable title to the Mortgaged Rig, the equipment purchased and paid for by the Company to be installed or used thereon and the Other Mortgaged Rigs to the extent specified in such Other Loan Agreements. Except as specified in Schedule 4.5 or as permitted by this Agreement, the Mortgaged Rig and such equipment are so owned free and clear of Liens.

Properties; Liens. The Company has good and marketable title to the Mortgaged Rig, the equipment purchased and paid for by the Company to be installed or used thereon and the Other Mortgaged Rigs to the extent specified in such the Other Loan Agreements. Except as specified in Schedule 4.5 or as permitted by this Agreement, the Mortgaged Rig and such equipment are so owned free and clear of Liens.

Properties; Liens. The Company has good and marketable title to the contract for the construction of the Mortgaged Rig, Rig and the equipment purchased and paid for by the Company to be installed or used thereon and the Other Mortgaged Rigs to the extent specified in such the Other Loan Agreements. Except as specified described in Schedule 4.5 or as permitted by this Agreement4.5, the Mortgaged Rig Company owns, and such contract and equipment are so owned owned, free and clear of Liens.

Properties; Liens. The Company has good and marketable title to the contract for the construction of the Mortgaged Rig, Rig and the equipment purchased and paid for by the Company to be installed or used thereon and the Other Mortgaged Rigs to the extent specified in such Other Loan AgreementsAgreement. Except as specified described in Schedule 4.5 or as permitted by this Agreement, the Mortgaged Rig Company owns, and such contract and equipment are so owned owned, free and clear of Liens.