Property and Assets. The Borrower has good and marketable title to all the property and assets reflected on the most recent financial statement furnished to the Lender, except such as have been disposed of in the ordinary course of business since the date of said financial statements and all such property and assets are free and clear of mortgages, pledges, liens, charges or other encumbrances, except as are reflected on the financial statements.
Appears in 2 contracts
Samples: Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.)
Property and Assets. The Borrower has good and marketable title to all the property and assets reflected on the most recent financial statement furnished to the Lender, except such as have been disposed of in the ordinary course of business since the date of said financial statements statement and all such property and assets are free and clear of mortgages, pledges, liens, charges or other encumbrances, except as are reflected on the financial statements.
Appears in 2 contracts
Samples: Loan Agreement (Semele Group Inc), Revolving Line of Credit Note (Abr Information Services Inc)
Property and Assets. The Borrower Group each has good and marketable title to all the property and assets reflected on the most recent financial statement statements furnished to the Lender, except such as have been disposed of in the ordinary course of business since the date of said financial statements statement and all such property and assets are free and clear of mortgages, pledges, liens, charges or other encumbrances, except as are reflected on the financial statements.
Appears in 1 contract
Samples: Loan Agreement (Insurance Management Solutions Group Inc)
Property and Assets. The Borrower has good and marketable title to all the property and assets reflected on the most recent financial statement statements furnished to the Lender, except such as have been disposed of in the ordinary course of business since the date of said financial statements statements, and all such property and assets are free and clear of mortgages, pledges, liens, charges or other encumbrances, except as are reflected on the financial statements.
Appears in 1 contract
Samples: Loan Agreement (Decade Companies Income Properties)
Property and Assets. The Borrower has good and marketable title to all the property and assets reflected on the most recent financial statement furnished to the Lender, except such as have been disposed of in the ordinary course of business since the date of said financial statements and all such property and assets are free and clear of mortgages, . pledges, . liens, charges or other encumbrances, except as are reflected on the financial statements.
Appears in 1 contract
Samples: Loan Agreement (Generation Income Properties, Inc.)
Property and Assets. The Borrower has good and marketable title to all the property and assets reflected on the most recent financial statement furnished to the Lender, except such as have been disposed of in the ordinary course of business since the date of said financial statements statement and all such property and assets are free and clear of mortgages, pledges, liens, charges or other encumbrances, except as are reflected on the financial statementsstatements or as permitted by this Agreement.
Appears in 1 contract
Property and Assets. The Each Borrower has good and marketable title to all the property and assets reflected on the most recent financial statement furnished to the Lender, except such as have been disposed of in the ordinary course of business since the date of said financial statements and all such property and assets are free and clear of mortgages, deeds of trust, pledges, liens, charges or other encumbrances, except as are reflected on the financial statements.
Appears in 1 contract
Samples: Loan Agreement (Generation Income Properties, Inc.)
