Common use of Title and Condition of Personal Property Clause in Contracts

Title and Condition of Personal Property. Except as disclosed in Schedule 3.12, the Company has marketable title to all of its personal property owned by it, free and clear of all Liens or Encumbrances of any kind or character or claims thereto. The property and equipment of the Company that are used in the operations of its business are in all material respects in good operating condition and repair, ordinary wear and use excepted.

Appears in 1 contract

Samples: Acquisition and Amalgamation Agreement (Futurelink Corp)

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Title and Condition of Personal Property. Except as disclosed in Schedule 3.12, Each of the Company Companies has marketable title to all of its personal property owned by it, free and clear of all Liens or Encumbrances of any kind or character or claims thereto. The property and equipment of the each Company that are used in the operations of its the business of each Company are in all material respects in good operating condition and repair, ordinary wear and use excepted.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (Futurelink Corp)

Title and Condition of Personal Property. Except as disclosed in Schedule 3.12, the The Company has marketable title to all of its personal property owned by it, free and clear of all Liens mortgages, liens, pledges, charges or Encumbrances encumbrances of any kind or character or claims thereto. The property , except (i) the lien of current taxes not yet due and equipment of payable and (ii) liens securing debt which is reflected on the Company that are used in Reference Balance Sheet and listed on the operations of its business are in all material respects in good operating condition and repair, ordinary wear and use excepted.Company

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (Futurelink Corp)

Title and Condition of Personal Property. Except as disclosed in Schedule 3.12, the The Company has marketable title to all of its personal property owned by it, free and clear of all Liens or Encumbrances of any kind or character or claims thereto. The property and equipment of the Company that are used in the 19 operations of its business are in all material respects in good operating condition and repair, ordinary wear and use excepted.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (Futurelink Corp)

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Title and Condition of Personal Property. Except as disclosed in Schedule 3.12, the The Company has marketable title to all of its personal property owned by it, free and clear of all Liens mortgages, liens, pledges, charges or Encumbrances encumbrances of any kind or character or claims thereto, except (i) the lien of current taxes not yet due and payable and (ii) liens securing debt which is reflected on the Reference Balance Sheet and listed on the Company Schedules. The property and equipment of the Company that are used in the operations of its business are in all material respects in good operating condition and repair, ordinary wear and use excepted.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (Futurelink Corp)

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