Title Generally. Each of the Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.
Title Generally. Each of the Borrower and the Subsidiary Guarantors has good title to, or valid leasehold interests in, all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.
Title Generally. Each of the Borrower and its Subsidiaries (other than any Financing Subsidiary)the other Obligors has good title to, or valid leasehold interests in, all its real and personal property material to its business, taken as a whole, except for minor defects in title that do not interfere with its ability to conduct its business, taken as a whole, as currently conducted or to utilize such properties for their intended purposes, except where failure to have title or leasehold interests would not reasonably be expected to have a Material Adverse Effect.
Title Generally. Each of American Capital, LLC, the Borrower and the other Loan Parties has good title to, or valid leasehold interests in, all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.
Title Generally. Each of the Credit Parties has good title to, or valid leasehold interests in, all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.
Title Generally. The Company and its Subsidiaries either (i) own, and have good and valid title to, all material assets purported to be owned by them, including all material assets reflected on the Unaudited Interim Balance Sheet (except for inventory sold or otherwise disposed of in the ordinary course of business since the date of the Unaudited Interim Balance Sheet), or (ii) are the lessees or sublessees of, and hold valid leasehold interests in, all material assets purported to have been leased by them, including all material assets reflected as leased on the Unaudited Interim Balance Sheet (except for leased assets that have been returned or vacated pursuant to the terms of the leases).
Title Generally. (a) Subject to paragraph 6(b) hereof, the Seller agrees to transfer and the Buyer agrees to accept ownership of the Property free of all claims and rights of others, except for:
(i) the rights of utility companies to maintain pipes, poles, cables and wires over, on and under the street, the part of the Property next to the street or running to any house or other improvement on the Property; and
(ii) recorded agreements which limit the use of the Property, unless the agreements: (1) are presently violated; (2) provide that the Property would be forfeited if they were violated, or (3) unreasonably limit the current use of the Property (a) and (b), collectively, “Permitted Exceptions”);
(b) In addition to the above, the title of the Buyer must be marketable and insurable at regular rates by any title insurance company authorized to do business in New Jersey subject only to the Permitted Exceptions. 00406276 4
Title Generally. Each of the Borrowers and their respective Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property, except for defects in title that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
Title Generally. Buyer shall order from the Settlement Agent, within three (3) business days after the Effective Date, one copy of a preliminary title report (the “Title Report”) issued by the Settlement Agent covering the Property and one copy of each underlying recorded document shown as an exception in such Title Report (the Title Report and said underlying documents being referred to herein as the “Title Documents,” and collectively with the Survey sometimes referred to herein as the “Title Evidence”). Buyer’s title to the Property shall be insured by First American Title Insurance Company (the “Title Company”) by means of an owner’s title insurance policy on ALTA Policy Form B-2006, with extended form coverage in the full amount of the Purchase Price (the “Title Policy”). The Property shall be sold and is to be conveyed subject to (a) the “Standard Exceptions” and provisions contained in the form of title insurance commitment and title insurance policy issued by the Title Company and such other liens, claims, municipal betterments, encumbrances, exceptions and matters as any reputable title insurance company authorized to do business in the State of South Carolina shall be willing to delete as an exception to coverage, (b) the lien of real estate taxes, assessments, water rates or meter charges and sewer rents not yet due and payable, (c) title and survey matters accepted or deemed to have been accepted by Buyer in accordance with this Agreement, (d) matters set forth on Exhibit E attached hereto, and (e) any additional off-record matters accepted by Buyer in writing (all the matters set forth in this Section 5.2.1 being collectively referred to as the “Permitted Exceptions”).
Title Generally. Each of the Borrower and its Subsidiaries (other than any Financing Subsidiary or Immaterial Subsidiary) has good title to, or valid leasehold interests in, DOCVARIABLE #DNDocID \* MERGEFORMAT 748401849 94 Second Amended and Restated Revolving Credit Agreement all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.
