Common use of Property and Equipment Clause in Contracts

Property and Equipment. (a) The Company and the Subsidiaries have good and marketable title to, or in the case of leased property have valid leasehold interests in, all personal property and assets (whether real or personal, tangible or intangible) reflected on the Balance Sheet or acquired after the Balance Sheet Date, except for properties and assets sold since the Balance Sheet Date in the ordinary course of business consistent with past practices. None of such properties or assets is subject to any Liens, except:

Property and Equipment. (a) The Company and the Subsidiaries have good has good, valid and marketable title to, or in the case of leased property have and assets has valid leasehold interests in, all personal property and assets (whether real or personal, tangible or intangible) used or held for use in its business or reflected on the Balance Sheet or acquired after the Balance Sheet Date, except for properties and assets sold since the Balance Sheet Date in the ordinary course of business consistent with past practices. The Company does not own any real property. None of such the Company’s properties or assets is subject to any Liens, except:

Property and Equipment. (a) The Company and the Subsidiaries have has good and marketable title ---------------------- to, or in the case of leased property have valid leasehold interests in, all personal property and assets (whether real or personal, tangible or intangible) reflected on the Balance Sheet or acquired after the Balance Sheet Date, except for properties and assets sold since the Balance Sheet Date in the ordinary course of business consistent with past practices. None of such properties or assets is subject to any Liens, except:

Property and Equipment. (a) The Company and the Subsidiaries have good and marketable title to, or in the case of leased property have valid leasehold interests in, all personal property and assets (whether real or personal, tangible or intangible) used in the Company's business, including those reflected on the Balance Sheet or acquired after the Balance Sheet Date, except for properties and assets sold since the Balance Sheet Date in the ordinary course of business consistent with past practices. None of such properties or assets which is owned by the Company is subject to any Liens, except:

Property and Equipment. (a) The Company and the Subsidiaries have good has good, valid and marketable title to, or in the case of leased property have and assets has valid leasehold interests in, all personal property and assets (whether real or personal, tangible or intangible) used or held for use in its business or that will be reflected on the Balance Sheet or acquired after the Balance Sheet Date, except for properties and assets sold since the Balance Sheet Date in the ordinary course of business consistent with past practices. The Company does not own any real property. None of such the Company’s properties or assets is subject to any Liens, except: