OWNERSHIP TITLE The Licensed Software is the proprietary property of Symantec or its licensors and is protected by copyright law. Symantec and its licensors retain any and all rights, title and interest in and to the Licensed Software, including in all copies, improvements, enhancements, modifications and derivative works of the Licensed Software. Your rights to use the Licensed Software shall be limited to those expressly granted in this License Agreement. All rights not expressly granted to You are retained by Symantec and/or its licensors.
Record Title Xxxxx has the right to review and object to the Abstract of Title or Title Commitment and any of the 330 Title Documents as set forth in § 8.5 (Right to Object to Title, Resolution) on or before Record Title Objection Deadline. Buyer’s 331 objection may be based on any unsatisfactory form or content of Title Commitment or Abstract of Title, notwithstanding § 13, or 332 any other unsatisfactory title condition, in Xxxxx’s sole subjective discretion. If the Abstract of Title, Title Commitment or Title 333 Documents are not received by Buyer on or before the Record Title Deadline, or if there is an endorsement to the Title Commitment 334 that adds a new Exception to title, a copy of the new Exception to title and the modified Title Commitment will be delivered to 335 Buyer. Buyer has until the earlier of Closing or ten days after receipt of such documents by Buyer to review and object to: (1) any 336 required Title Document not timely received by Xxxxx, (2) any change to the Abstract of Title, Title Commitment or Title Documents, 337 or (3) any endorsement to the Title Commitment. If Seller receives Buyer’s Notice to Terminate or Notice of Title Objection, 338 pursuant to this § 8.2 (Record Title), any title objection by Xxxxx is governed by the provisions set forth in § 8.5 (Right to Object to 339 Title, Resolution). If Seller has fulfilled all Seller’s obligations, if any, to deliver to Buyer all documents required by § 8.1 (Evidence 340 of Record Title) and Seller does not receive Buyer’s Notice to Terminate or Notice of Title Objection by the applicable deadline 341 specified above, Xxxxx accepts the condition of title as disclosed by the Abstract of Title, Title Commitment and Title Documents 342 as satisfactory.
Real Property; Title to Assets (a) No Group Company owns any real property. No Group Company is a party to any Contract, agreement or option to purchase any real property. (b) Section 3.13(b) of the Disclosure Schedule sets forth the address of each Leased Real Property, and a true and complete list of all Leases for each such Leased Real Property (including all amendments, extensions, renewals, guaranties and other agreements with respect thereto). With respect to each of the Leases: (i) such Lease is legal, valid, binding, enforceable and in full force and effect, subject to the Bankruptcy and Equity Exception, (ii) the Group Companies’ possession and quiet enjoyment of the Leased Real Property under such Lease has not been materially disturbed and, to the knowledge of the Company, there are no disputes with respect to such Lease, (iii) no Group Company nor, to the knowledge of the Company, any other party to such Lease, is in material breach or default under such Lease, (iv) the Group Companies have not subleased, licensed or otherwise granted any person, other than other Group Companies, the right to use or occupy such Leased Real Property or any portion thereof, and (v) the Group Companies have a valid and subsisting leasehold interest in all property under the Leases, in each case free and clear of all Liens, other than the Permitted Encumbrances. (c) The Leased Real Property comprises all of the real property used in the conduct of the business of the Group Companies as currently conducted. The use, occupation, operation, leasing, management of the Leased Real Property by any Group Company is not in contravention of any applicable Laws in any material respect. Each Group Company has used the Leased Real Property in compliance in all material respects with the approved use and zoning requirement under the relevant title certificates, land use rights certificates, certificates of real estate ownership and similar title documents, or as otherwise required by the competent Governmental Authorities. (d) Except as would not, individually or in the aggregate, have a Material Adverse Effect, the Group Companies have good and marketable title to, or a valid and binding leasehold interest in, all other properties and assets necessary to conduct their respective businesses as currently conducted (excluding Leased Real Property and Intellectual Property), in each case free and clear of all Liens, except for Permitted Encumbrances.