Title; Personal Property; Encumbrances; Location Sample Clauses

Title; Personal Property; Encumbrances; Location. Lessee covenants that:
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Title; Personal Property; Encumbrances; Location. MLP OpCo covenants that the ownership of the Equipment is and shall at all times remain in CHK Compression or CHK Compression’s lessors. The Equipment shall remain personal property and never attach to or become a fixture or otherwise affixed to any realty. The Equipment shall be installed and used at the location specified in the Schedule pertaining thereto and it shall not be removed therefrom without CHK Compression’s consent. MLP OpCo has no right to and will not sell, mortgage, assign, transfer, lease, sublet, loan, part with possession, or encumber the Equipment or permit any liens or encumbrances or charges to attach or become effective thereon or permit or attempt to do any of such acts. MLP OpCo agrees, at its sole own expense, to take such action or cause Gatherers to take such action as may be necessary to remove any such encumbrance, lien, or charge and to prevent any third party from acquiring any other interest in any Equipment (including by reason of such Equipment being deemed to be a fixture or a part of any realty). If MLP OpCo fails to do so within a reasonable period of time after receipt of demand from CHK Compression, CHK Compression shall have the right to pay or otherwise settle such lien, encumbrance, or charge and recover reimbursement of such amount from Gatherers. Gatherers will not alter or remove any insignia, serial number or other lettering of the Equipment.
Sample 1See All (4)
Title; Personal Property; Encumbrances; Location. BCCK warrants good title to all Equipment and that all Equipment will be new. Title to all Equipment shall be transferred to Linn in accordance with Chapter 2 of the Texas Uniform Commercial Code. BCCK shall retain care and custody of Equipment for which title has not been transferred to Linn and exercise due care with respect thereto until transfer of title to Linn as provided in this Agreement. Said transfer of title shall in no way affect Linn’s rights or BCCK’s obligations as set forth in any other provision of this Agreement. BCCK shall sign over to Linn all certificates of title, manufacturer’s certificates, and other evidences of title promptly when title to each item is transferred to Linn. Transfer of ownership (including the signing and filing as applicable by BCCK) for all prior Equipment supplied and paid for by Linn shall be a condition precedent to all subsequent payments to BCCK. BCCK represents and warrants that BCCK or the Subcontractor that supplied each specific item of Equipment is the owner of, or has a valid license to prepare, use and transfer to Linn, all drawings, documents, engineering calculations and other data furnished in connection with the Equipment (“Equipment Drawings and Specifications”). BCCK has the authority to and hereby grants and conveys to Linn a fully paid, perpetual, non-cancellable and non-terminable right and license to use all Equipment Drawings and Specifications for use by Linn for any purpose relating to the Xxxx Xxxxxxxx Trail Cryogenic Gas Plant, including the operation, maintenance and repair thereof.
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Title; Personal Property; Encumbrances; Location. With respect to each Lease, Lessee covenants and agrees that: (a) title to the Equipment is and at all times shall remain in Lessor, and Lessee shall not cause or suffer any substitution, exchange or addition of the Equipment; (b) the Equipment is and shall remain personal property of Lessor and shall not be attached to or become part of any realty; (c) the Equipment shall be installed and used at the address of Lessee or such other location as specified on the Schedule constituting a Lease hereunder, and Lessee will not relocate any Equipment without the prior written consent of Lessor; (d) Lessee will not sell, secrete, mortgage, assign, transfer, lease, sublet, loan, part with possession of or encumber the Equipment or permit any liens or charges to become effective thereon or permit or attempt to do any of the acts aforesaid; and (e) Lessee shall, at Lessee's own expense, take such action as may be necessary (i) to remove any encumbrance, lien or charge, and (ii) to prevent any third party from acquiring any other interest in any Equipment (including, without limitation, by reason of such Equipment being deemed to be a fixture or part of any realty). Upon request, Lessee shall, at Lessee's own expense, affix and maintain on the Equipment a plate, label or other marking, satisfactory to Lessor, indicating Lessor's interest therein. Prior to 6
Sample 1
Title; Personal Property; Encumbrances; Location. ACMP covenants that the ownership of the Equipment that is used to provide the Services is and will at all times remain in EXLP. The Equipment will remain personal property and never attach to or become a fixture or otherwise affixed to any realty. The Equipment will be installed and used to perform the Services at the location specified in the Schedules, or any CCD to this Agreement, pertaining thereto and it will not be removed therefrom. ACMP has no right to and will not sell, mortgage, assign, transfer, lease, sublet, loan, part with possession, or encumber the Equipment or permit any liens or encumbrances or charges (other than liens, encumbrances or charges created or caused by EXLP) to attach or become effective thereon or permit or attempt to do any of such acts. ACMP agrees, at its sole own expense, to take such action or cause ACMP to take such action as may be necessary to remove any such encumbrance, lien, or charge and to prevent any third party from acquiring any other interest in any Equipment (including by reason of such Equipment being deemed to be a fixture or a part of any realty). If ACMP fails to do so within a reasonable period of time after receipt of demand from EXLP, EXLP will have the right to pay or otherwise settle such lien, encumbrance, or charge and recover reimbursement of such amount from ACMP. ACMP will not alter or remove any insignia, serial number or other lettering of the Equipment.
Sample 1
Title; Personal Property; Encumbrances; Location. LESSEE covenants that the ownership of the Equipment is and at all times shall remain in LESSOR and that the Equipment is and shall remain personal property and shall not be attached to or become part of any realty; that it shall be installed and used at the location specified in the Schedule pertaining thereto and that it shall not be removed therefrom, and that LESSEE will not sell, secrete, mortgage, assign, transfer, lease, sublet, loan, part with possession of, or encumber the Equipment or permit any liens or charges to become effective thereon or permit or attempt to do any of the acts aforesaid. LESSEE agrees, at LESSEE's own expense, to take such action as may be necessary (a) to remove any such encumbrance, lien or charge and (b) to prevent any third party from acquiring any other interest in any Equipment (including, without limitation, by reason of such Equipment being deemed to be a fixture or a part of any realty). LESSEE will not change or remove any insignia, serial number or lettering on the Equipment and shall conspicuously identify each item of the Equipment by suitable lettering thereon to indicate LESSOR's ownership thereof.
Sample 1
Title; Personal Property; Encumbrances; Location. Lessee covenants that the ownership of the Equipment is and at all times shall remain with Lessor and that the Equipment is and shall remain personal property and shall not be permanently attached to any realty so that it becomes a fixture; and that it shall be installed and used at its current location or at locations set forth in Site Leases approved by Lessor and that it shall not be removed therefrom without the consent of Lessor. Lessor agrees to give its consent if Lessee provides Lessor with an acceptable replacement location agreement which will then become a Site Lease. Further, Lessee shall not sell, secrete, mortgage, assign, transfer, lease, sublet, loan, part with possession of, or encumber the Equipment, or permit any liens or charges to become effective thereon or permit or attempt to do any of the acts aforesaid. Lessee agrees, at Lessee's own expense, to take such action as may be necessary (1) to remove any such encumbrance, lien or charge and (2) to prevent any third party from acquiring any other interest in any Equipment (including, without limitation, by reason of such Equipment being deemed to be a fixture or a part of any realty). Upon request, Lessee shall, at its expense, affix and maintain on the Equipment, a sticker provided by Lessor indicating Lessor's ownership thereof, provided such sticker does not unreasonably detract from the appearance of the Equipment.
Sample 1
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Related to Title; Personal Property; Encumbrances; Location

  • Real Property; Personal Property (a) Neither the Company nor any of its Subsidiaries owns any real property.

  • Title to Property; Encumbrances (a) The Company does not own any real property or any Structures.

  • Real Property Interests Except for leasehold interests disclosed on Schedule 3.20, and except for the ownership or other interests set forth on Schedule 3.20, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property. Schedule 3.20 sets forth, with respect to each parcel of real estate owned by any Credit Party as of the Closing Date, the address and legal description of such parcel.

  • Personal Property 16 5.15 Significant Customers; Material Contracts and Commitments.......16 5.16

  • Title; Real Property (a) Each Group Member has good and marketable fee simple title to all owned real property and valid leasehold interests in all leased real property, and owns all personal property, in each case that is purported to be owned or leased by it, including those reflected on the most recent Financial Statements delivered by the Borrower, and none of such property is subject to any Lien except Permitted Liens.

  • Leased Personal Property Other than Personal Property owned by the Company or the Company Subsidiary, the Company or the Company Subsidiary has good and valid leasehold title to all of the tangible personal property Assets used by the Company or the Company Subsidiary, free and clear of any and all Encumbrances other than Permitted Encumbrances which would not permit the termination of the lease therefor by the lessor. Disclosure Schedule 3.9(c) sets forth all Leases for personal property. With respect to each Lease listed on Disclosure Schedule 3.9(c), (i) there has been no breach or default under such Lease by the Company, the Company Subsidiary or by any other party, (ii) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby will not cause (with or without notice and with or without the passage of time) a default under any such Lease, (iii) such Lease is a valid and binding obligation of the applicable lessor, is in full force and effect and is enforceable by the Company or the Company Subsidiary in accordance with its terms, (iv) no action has been taken by the Company or the Company Subsidiary and no event has occurred which, with notice or lapse of time or both, would permit termination, modification or acceleration by a party thereto other than by the Company or the Company Subsidiary without the consent of the Company or the Company Subsidiary, (v) no party has repudiated any term thereof or threatened to terminate, cancel or not renew any such Lease, and (vi) neither the Company nor the Company Subsidiary has assigned, transferred, conveyed, mortgaged or encumbered any interest therein or in any leased property subject thereto (or any portion thereof).

  • Title to Properties; Encumbrances The Company does not currently own, nor has it ever owned (a) any real property, (b) any leasehold interests or (c) any buildings, plants, structures and/or equipment. Part 3.6 of the Seller Parties Disclosure Schedule contains a complete and accurate list of all (A) the Assets that the Company purports to own, including all of the properties and assets reflected in the Balance Sheet (except for assets held under capitalized leases disclosed or not required to be disclosed in Part 3.6 of the Seller Parties Disclosure Schedule and personal property sold since the date of the Balance Sheet, as the case may be, in the Ordinary Course of Business), and (B) all of the properties and assets purchased or otherwise acquired by the Company since the date of the Balance Sheet (except for personal property acquired and sold since the date of the Balance Sheet in the Ordinary Course of Business and consistent with past practice), which subsequently purchased or acquired properties and assets (other than inventory and short-term investments) are listed in Part 3.6 of the Seller Parties Disclosure Schedule. The Company is the sole owner and has good and marketable title (or leasehold title, as the case may be) to the Assets free and clear of all Encumbrances, and the Assets reflected in the Balance Sheet are free and clear of all Encumbrances and are not, in the case of real property, subject to any rights of way, building use restrictions, exceptions, variances, reservations, or limitations of any nature except, with respect to all such properties and assets, (i) mortgages or security interests shown on the Balance Sheet as securing specified liabilities or obligations, with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists, (ii) mortgages or security interests incurred in connection with the purchase of property or assets after the date of the Balance Sheet (such mortgages and security interests being limited to the property or assets so acquired), with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists, (iii) liens for current taxes not yet due, and (iv) Encumbrances pursuant to the Pledge Agreement (as defined below) or the Facility Agreement and (v) Encumbrances incurred in the Ordinary Course of the Business, consistent with past practice, or created by the express provisions of the Contracts, each of the type identified on Part 3.6 of the Seller Parties Disclosure Schedule (together, the “Permitted Encumbrances”). All such assets are suitable for the uses to which they are being put or have been put in the Ordinary Course of Business and are in good working order, ordinary wear and tear excepted.

  • Real Property Matters The Company does not own any real property as of the date hereof and has not owned any real property during the three years preceding the date hereof.

  • Personal Property Leases Except as set forth in Schedule 3.13.(b), Company has no leases of personal property involving consideration or other expenditure in excess of $5,000 or involving performance over a period of more than three months.

  • Title to Properties; Absence of Encumbrances Each of the Borrowers has good and marketable title to all of the material properties, assets and rights of every name and nature now purported to be owned by it, including, without limitation, such properties, assets and rights as are reflected in the Initial Financial Statement (except such properties, assets or rights as have been disposed of in the ordinary course of business since the date thereof), free from all Encumbrances, except Permitted Encumbrances, and, except as so disclosed, free from all defects of title that might materially adversely affect any of such properties, assets or rights or the business, financial condition, assets or properties of any of the Borrowers. All such properties and assets are free and clear of all title defects or objections, liens, claims, charges, security interests and other Encumbrances of any nature whatsoever, except Permitted Encumbrances. The rights, properties and other assets presently owned, leased or licensed by any of the Borrowers and described elsewhere in this Agreement include all rights, properties and other assets necessary to permit any of the Borrowers to conduct its businesses in all material respects in the same manner as its businesses have been conducted prior to the date hereof. At the time any of the Borrowers pledge, sell, assign or transfer to the Agent or the Canadian Bank, as the case may be, any instrument, document of title, security, chattel paper or other property (including Base Inventory, Equipment, Base Accounts, contract rights, patents, trademarks, copyrights, Accounts and any other Collateral) or any proceeds or products thereof, or any interest therein, such Borrower shall be the lawful owner thereof and shall have good right to pledge, sell, assign or transfer the same; none of such properties shall have been pledged, sold, assigned or transferred to any Person other than the Agent or the Canadian Bank, as the case may be, or in any way encumbered (other than Permitted Encumbrances and asset sales permitted under Section 6.6 hereof); and the Borrowers shall defend the same against the claims and demands of all Persons.

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