Common use of Real Property; Personal Property Clause in Contracts

Real Property; Personal Property. Neither the Company nor any Subsidiary owns any real property or holds any real property lease. The Company and its Subsidiaries have good title to all personal property, if any, owned by them, in each case, free and clear of all liens, security interests, pledges, charges, encumbrances, mortgages and defects, except as are disclosed in the Registration Statement, the General Disclosure Package and the Prospectus or as would not be reasonably expected to result, individually or in the aggregate, in a Material Adverse Effect.

Real Property; Personal Property. Neither the (a) The Company nor any Subsidiary owns and its Subsidiaries do not hold, and have never held, fee or comparable title to any real property or holds any real property leaseproperty. The Company and its Subsidiaries have good and legal title to, or have a valid and enforceable right to use or a valid and enforceable leasehold interest in, all personal propertyreal property (including all buildings, if any, owned fixtures and other improvements thereto) used by them, . None of the Company’s and any of its Subsidiaries’ ownership of or leasehold interest in each case, free and clear of all liens, security interests, pledges, charges, encumbrances, mortgages and defects, except as are disclosed in the Registration Statement, the General Disclosure Package and the Prospectus or as would not be reasonably expected any such property is subject to result, individually or in the aggregate, in a Material Adverse Effectany material Lien.