Common use of Title, Etc Clause in Contracts

Title, Etc. (a) Each Borrower and each of the Restricted Subsidiaries has good and marketable title to, or valid leasehold or easement interests in, all of their respective property and assets, including, without limitation, the real property described in each of the Mortgages, as is necessary to operate the Business except for defects that, individually or in the aggregate, do not have a Material Adverse Effect. None of such property is subject to any Lien, except for Liens permitted by Section 7.01.

Appears in 7 contracts

Samples: Credit Agreement (USD Partners LP), Credit Agreement (USD Partners LP), Credit Agreement (USD Partners LP)

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Title, Etc. (a) Each The Borrower and each of the its Restricted Subsidiaries has good and marketable indefeasible title in fee simple to, or valid leasehold or easement interests in, all of their respective property real property, and assetsgood title to all of their respective personal property, including, without limitation, the real and personal property described in each of the Mortgages, as is necessary to operate the Business except for defects that, individually or in the aggregate, do not have a Material Adverse Effect. None of such property is subject to any Lien, except for Liens permitted by Section 7.01.

Appears in 7 contracts

Samples: Credit Agreement (Tesoro Logistics Lp), Credit Agreement (Tesoro Logistics Lp), Credit Agreement (Tesoro Corp /New/)

Title, Etc. (a) Each The Borrower and each of the Restricted its Subsidiaries has good and marketable indefeasible title in fee simple to, or valid leasehold or easement interests in, all of their respective property real property, and assetsgood title to all of their respective personal property, including, without limitation, the real and personal property described in each of the Mortgages, as is necessary to operate the Business except for defects that, individually or in the aggregate, (i) do not materially interfere with the ordinary conduct of Business and (ii) do not have a Material Adverse Effect. None of such property is subject to any Lien, except for Liens permitted by Section 7.01.

Appears in 4 contracts

Samples: Credit Agreement (Tesoro Logistics Lp), Credit Agreement (Tesoro Corp /New/), Credit Agreement (Tesoro Logistics Lp)

Title, Etc. (a) Each Borrower and each of the their respective Restricted Subsidiaries has good and marketable indefeasible title in fee simple to, or valid leasehold or easement interests in, all of their respective property real property, and assets, including, without limitation, the real property described in each good title to all of the Mortgagestheir respective personal property, as is necessary to operate the Business except for defects that, individually or in the aggregate, do not have a Material Adverse Effect. None of such property is subject to any Lien, except for Liens permitted by Section 7.01.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (CrossAmerica Partners LP), Credit Agreement (CrossAmerica Partners LP)

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Title, Etc. (a) Each The Borrower and each of the its Restricted Subsidiaries has good and marketable indefeasible title in fee simple to, or valid leasehold or easement interests in, all of their respective property real property, and assetsgood title to all of their respective personal property, including, without limitation, the real and personal property described in each of the Mortgages, as is necessary to operate the Business except for defects that, individually or in the aggregate, (i) do not materially interfere with the ordinary conduct of Business and (ii) do not have a Material Adverse Effect. None of such property is subject to any Lien, except for Liens permitted by Section 7.01.

Appears in 2 contracts

Samples: Credit Agreement (Tesoro Corp /New/), Credit Agreement (Tesoro Logistics Lp)

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