Common use of Title and Liens Clause in Contracts

Title and Liens. Borrower has good and marketable title to each of the properties and assets reflected in its balance sheet referred to in Section 5.7 hereof (except such as have been since sold or otherwise disposed of in the ordinary course of business). No assets or revenues of Borrower are subject to any Lien except as permitted by this Agreement. All properties of Borrower and its use thereof comply in all material respects with applicable zoning and use restrictions and with applicable laws and regulations relating to the environment.

Appears in 4 contracts

Samples: Credit Agreement (Flow International Corp), Credit Agreement (Flow International Corp), Credit Agreement (Flow International Corp)

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Title and Liens. The Borrower has good and marketable title to each of the properties and assets reflected in its balance sheet referred to in Section 5.7 hereof 6.7 (except such as have been since sold or otherwise disposed of in the ordinary course of business). No assets or revenues of the Borrower are subject to any Lien except as permitted by this Agreement. All properties of the Borrower and its use thereof comply in all material respects with applicable zoning and use restrictions and with applicable laws and regulations relating to the environmentrestrictions.

Appears in 3 contracts

Samples: Credit Agreement (United Grocers Inc /Or/), Credit Agreement (United Grocers Inc /Or/), Credit Agreement (United Grocers Inc /Or/)

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Title and Liens. Borrower has good and marketable title to each of the properties and assets reflected in its balance sheet referred to in Section 5.7 hereof (3.6 except such as have been since sold or otherwise disposed of in the ordinary course of business). No assets or revenues of Borrower are subject to any Lien except as required or permitted by this AgreementAgreement or disclosed in the balance sheet referred to in Section 3.6 or otherwise previously disclosed to Lender in writing. All properties of Borrower and its Borrower’s use thereof comply in all material respects with applicable zoning and use restrictions and with applicable laws and regulations relating to the environment.

Appears in 2 contracts

Samples: Loan Agreement (Cascade Natural Gas Corp), Loan Agreement (Cascade Natural Gas Corp)

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