Common use of Title to and Condition of Assets Clause in Contracts

Title to and Condition of Assets. Except as disclosed in Schedule 3.11, Columbia and the Columbia Subsidiaries have good and marketable title to all material consolidated real and personal properties and assets reflected in the Columbia Balance Sheet or acquired subsequent to March 31, 2005, (other than property and assets disposed of in the Ordinary Course of Business), free and clear of all liens or encumbrances of any kind whatsoever; provided, however, that the representations and warranties contained in this sentence do not cover liens or encumbrances that: (i) are reflected in the Columbia Balance Sheet or in Schedule 3.11; (ii) represent liens of current taxes not yet due or which, if due, may be paid without penalty, or which are being contested in good faith by appropriate proceedings; and (iii) represent such imperfections of title, liens, encumbrances, zoning requirements and easements, if any, as are not substantial in character, amount or extent and do not materially detract from the value, or interfere with the present use, of the properties and assets subject thereto. The material structures and other improvements to real estate, furniture, fixtures and equipment reflected in the Columbia Balance Sheet or acquired subsequent to March 31, 2005: (A) are in good operating condition and repair (ordinary wear and tear excepted), and (B) comply in all material respects with all applicable laws, ordinances and regulations, including without limitation all building codes, zoning ordinances and other similar laws, except where any noncompliance would not materially detract from the value, or interfere with the present use, of such structures, improvements, furniture, fixtures and equipment. Columbia and the Columbia Subsidiaries own or have the right to use all real and personal properties and assets that are material to the conduct of their respective businesses as presently conducted.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Columbia Bancorp), Agreement and Plan of Merger (Fulton Financial Corp)

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Title to and Condition of Assets. Except as disclosed in Schedule 3.11, Columbia Premier and the Columbia Premier Subsidiaries have good and marketable title to all material consolidated real and personal properties and assets reflected in the Columbia Premier Balance Sheet or acquired subsequent to March 31September 30, 20052002, (other than property and assets disposed of in the Ordinary Course of Business), free and clear of all liens or encumbrances of any kind whatsoever; provided, however, that the representations and warranties contained in this sentence do not cover liens or encumbrances that: (i) are reflected in the Columbia Premier Balance Sheet or in Schedule 3.11; (ii) represent liens of current taxes not yet due or which, if due, may be paid without penalty, or which are being contested in good faith by appropriate proceedings; and (iii) represent such imperfections of title, liens, encumbrances, zoning requirements and easements, if any, as are not substantial in character, amount or extent and do not materially detract from the value, or interfere with the present use, of the properties and assets subject thereto. The material structures and other improvements to real estate, furniture, fixtures and equipment reflected in the Columbia Premier Balance Sheet or acquired subsequent to March 31September 30, 20052002: (A) are in good operating condition and repair (ordinary wear and tear excepted), and (B) comply in all material respects with all applicable laws, ordinances and regulations, including without limitation all building codes, zoning ordinances and other similar laws, except where any noncompliance would not materially detract from the value, or interfere with the present use, of such structures, improvements, furniture, fixtures and equipment. Columbia Premier and the Columbia Premier Subsidiaries own or have the right to use all real and personal properties and assets that are material to the conduct of their respective businesses as presently conducted.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Fulton Financial Corp), Agreement and Plan of Merger (Premier Bancorp Inc /Pa/)

Title to and Condition of Assets. Except as disclosed in ------------ -------------------------------- Schedule 3.11, Columbia DBC and the Columbia DBC Subsidiaries have good and marketable title to ------------- all material consolidated real and personal properties and assets reflected in the Columbia DBC Balance Sheet or acquired subsequent to March 31September 30, 2005, 2000 (other than property and assets disposed of in the Ordinary Course of Business), free and clear of all liens or encumbrances of any kind whatsoever; provided, however, -------- ------- that the representations and warranties contained in this sentence do not cover liens or encumbrances that: (i) are reflected in the Columbia DBC Balance Sheet or in Schedule 3.11; (ii) represent liens of current taxes not yet due or which, if ------------- due, may be paid without penalty, or which are being contested in good faith by appropriate proceedings; and (iii) represent such imperfections of title, liens, encumbrances, zoning requirements and easements, if any, as are not substantial in character, amount or extent and do not materially detract from the value, or interfere with the present use, of the properties and assets subject thereto. The material structures and other improvements to real estate, furniture, fixtures and equipment reflected in the Columbia DBC Balance Sheet or acquired subsequent to March 31September 30, 20052000: (A) are in good operating condition and repair (ordinary wear and tear excepted), and (B) comply in all material respects with all applicable laws, ordinances and regulations, including without limitation all building codes, zoning ordinances and other similar laws, except where any noncompliance would not materially detract from the value, or interfere with the present use, of such structures, improvements, furniture, fixtures and equipment. Columbia DBC and the Columbia DBC Subsidiaries own or have the right to use all real and personal properties and assets that are material to the conduct of their respective businesses as presently conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fulton Financial Corp)

Title to and Condition of Assets. Except as disclosed in Schedule 3.11, Columbia DBC and the Columbia DBC Subsidiaries have good and marketable title to all material consolidated real and personal properties and assets reflected in the Columbia DBC Balance Sheet or acquired subsequent to March 31September 30, 2005, 2000 (other than property and assets disposed of in the Ordinary Course of Business), free and clear of all liens or encumbrances of any kind whatsoever; provided, however, that the representations and warranties contained in this sentence do not cover liens or encumbrances that: (i) are reflected in the Columbia DBC Balance Sheet or in Schedule 3.11; (ii) represent liens of current taxes not yet due or which, if due, may be paid without penalty, or which are being contested in good faith by appropriate proceedings; and (iii) represent such imperfections of title, liens, encumbrances, zoning requirements and easements, if any, as are not substantial in character, amount or extent and do not materially detract from the value, or interfere with the present use, of the properties and assets subject thereto. The material structures and other improvements to real estate, furniture, fixtures and equipment reflected in the Columbia DBC Balance Sheet or acquired subsequent to March 31September 30, 20052000: (A) are in good operating condition and repair (ordinary wear and tear excepted), and (B) comply in all material respects with all applicable laws, ordinances and regulations, including without limitation all building codes, zoning ordinances and other similar laws, except where any noncompliance would not materially detract from the value, or interfere with the present use, of such structures, improvements, furniture, fixtures and equipment. Columbia DBC and the Columbia DBC Subsidiaries own or have the right to use all real and personal properties and assets that are material to the conduct of their respective businesses as presently conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Drovers Bancshares Corp)

Title to and Condition of Assets. Except as disclosed in Schedule 3.11, Columbia SFC and the Columbia SFC Subsidiaries have good and marketable title to all material consolidated real and personal properties and assets reflected in the Columbia SFC Balance Sheet or acquired subsequent to March 31September 30, 2005, 1999 (other than property and assets disposed of in the Ordinary Course of Business), free and clear of all liens or encumbrances of any kind whatsoever; provided, however, that the representations and warranties contained in this sentence do not cover liens or encumbrances that: (i) are reflected in the Columbia SFC Balance Sheet or in Schedule 3.11; (ii) represent liens of current taxes not yet due or which, if due, may be paid without penalty, or which are being contested in good faith by appropriate proceedings; and (iii) represent such imperfections of title, liens, encumbrances, zoning requirements and easements, if any, as are not substantial in character, amount or extent and do not materially detract from the value, or interfere with the present use, of the properties and assets subject thereto. The material structures and other improvements to real estate, furniture, fixtures and equipment reflected in the Columbia SFC Balance Sheet or acquired subsequent to March 31September 30, 20051999: (A) are in good operating condition and repair (ordinary wear and tear excepted), and (B) comply in all material respects with all applicable laws, ordinances and regulations, including without limitation all building codes, zoning ordinances and other similar laws, except where any noncompliance would not materially detract from the value, or interfere with the present use, of such structures, improvements, furniture, fixtures and equipment. Columbia SFC and the Columbia SFC Subsidiaries own or have the right to use all real and personal properties and assets that are material to the conduct of their respective businesses as presently conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Skylands Financial Corp)

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Title to and Condition of Assets. Except as disclosed in Schedule 3.11, Columbia Resource and the Columbia Resource Subsidiaries have good and marketable title to all material consolidated real and personal properties and assets reflected in the Columbia Resource Balance Sheet or acquired subsequent to March 31June 30, 20052003, (other than property and assets disposed of in the Ordinary Course of Business), free and clear of all liens or encumbrances of any kind whatsoever; provided, however, that the representations and warranties contained in this sentence do not cover liens or encumbrances that: (i) are reflected in the Columbia Resource Balance Sheet or in Schedule 3.11; (ii) represent liens of current taxes not yet due or which, if due, may be paid without penalty, or which are being contested in good faith by appropriate proceedings; and (iii) represent such imperfections of title, liens, encumbrances, zoning requirements and easements, if any, as are not substantial in character, amount or extent and do not materially detract from the value, or interfere with the present use, of the properties and assets subject thereto. The material structures and other improvements to real estate, furniture, fixtures and equipment reflected in the Columbia Resource Balance Sheet or acquired subsequent to March 31June 30, 20052003: (A) are in good operating condition and repair (ordinary wear and tear excepted), and (B) comply in all material respects with all applicable laws, ordinances and regulations, including without limitation all building codes, zoning ordinances and other similar laws, except where any noncompliance would not materially detract from the value, or interfere with the present use, of such structures, improvements, furniture, fixtures and equipment. Columbia Resource and the Columbia Resource Subsidiaries own or have the right to use all real and personal properties and assets that are material to the conduct of their respective businesses as presently conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fulton Financial Corp)

Title to and Condition of Assets. Except as disclosed in ------------ -------------------------------- Schedule 3.11, Columbia ; WNB and the Columbia Subsidiaries WIC have good and marketable title to all material consolidated ------------- real and personal properties and assets reflected in the Columbia WNB Balance Sheet or acquired subsequent to March 31June 30, 2005, 1996 (other than property and assets disposed of in the Ordinary Course of Business), free and clear of all liens or encumbrances of any kind whatsoever; provided, however, that the representations and -------- ------- warranties contained in this sentence do not cover liens or encumbrances that: (i) are reflected in the Columbia WNB Balance Sheet or in Schedule 3.11; (ii) represent ------------- liens of current taxes not yet due or which, if due, may be paid without penalty, or which are being contested in good faith by appropriate proceedings; and (iii) represent such imperfections of title, liens, encumbrances, zoning requirements and easements, if any, as are not substantial in character, amount or extent and do not materially detract from the value, or interfere with the present or proposed use, of the properties and assets subject thereto. The material structures and other improvements to real estate, furniture, fixtures and equipment reflected in the Columbia WNB Balance Sheet or acquired subsequent to March 31June 30, 20051996: (A) are in good operating condition and repair (ordinary wear and tear excepted), and (B) comply in all material respects with all applicable laws, ordinances and regulations, including without limitation all building codes, zoning ordinances and other similar laws, except where any noncompliance would not materially detract from the value, or interfere with the present or proposed use, of such structures, improvements, furniture, fixtures and equipment. Columbia WNB and the Columbia Subsidiaries WIC own or have has the right to use all real and personal properties and assets that are material to the conduct of their respective businesses as presently conducted.

Appears in 1 contract

Samples: Merger Agreement (Fulton Financial Corp)

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