Common use of Property Generally Clause in Contracts

Property Generally. Each Obligor has good title to, or valid leasehold interests in, all its real and tangible personal property material to its business subject only to Permitted Liens and except as would not reasonably be expected to materially interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.

Appears in 9 contracts

Samples: Forbearance Agreement (Icagen, Inc.), Credit Agreement (Icagen, Inc.), Forbearance Agreement (Icagen, Inc.)

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Property Generally. Each Obligor has good and marketable title to, or valid leasehold interests in, all its real and tangible personal property Property (excluding Intellectual Property) material to its business business, subject only to Permitted Liens and except as would for minor defects in title that do not reasonably be expected to materially interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.

Appears in 2 contracts

Samples: Loan Agreement (Dynavax Technologies Corp), Loan Agreement (Synergy Pharmaceuticals, Inc.)

Property Generally. Each Obligor has good title to, or valid leasehold interests in, all its real and tangible personal property Property material to its business business, subject only to Permitted Liens and except as would not reasonably be expected to materially interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.

Appears in 2 contracts

Samples: Term Loan Agreement (NeuroPace Inc), Term Loan Agreement (NeuroPace Inc)

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Property Generally. Each Obligor has good title to, or valid leasehold interests in, all its real and tangible personal property material to its business subject only to Permitted Liens and except as would not reasonably be expected to materially interfere with its ability to conduct its business as currently conducted or to utilize such any material properties for their intended purposes.

Appears in 1 contract

Samples: Credit Agreement (CareDx, Inc.)

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