Common use of Title and Condition of Assets Clause in Contracts

Title and Condition of Assets. As of June 19, 1998, the Company currently has no assets (other than cash) except as listed on Schedule 5.10. As of June 19, 1998, the Company has a valid and enforceable leasehold interest in its leases listed on Schedule 5.10 pursuant to the terms of the lease agreements and is not in default thereunder.

Title and Condition of Assets. As of June 19, 1998, the Company currently has no assets (other than cash) except as listed on Schedule SCHEDULE 5.10. As of June 19, 1998, the Company has a valid and enforceable leasehold interest in its leases listed on Schedule SCHEDULE 5.10 pursuant to the terms of the lease agreements and is not in default thereunder.