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

Title to and Condition of Properties. Except as set forth in Section 3.10 of the Disclosure Statement, Company and its subsidiaries have good title to all of the real property and own outright all of the personal property (except for leased property or assets) which is reflected on Company's and its subsidiaries' December 31, 1996 audited consolidated balance sheet contained in Company's Form 10-K for the fiscal year ended December 31, 1996 filed with the SEC except for property since sold or otherwise disposed of in the ordinary course of business and consistent with past practice.

Title to and Condition of Properties. Except as set forth in Section 3.10 5.10 of the Disclosure Statement, the Company and its subsidiaries have good title to all of the real property and own outright all of the personal property (except for leased property or assets) which is reflected on the Company's and its subsidiaries' December 31, 1996 audited consolidated balance sheet contained in the Company's Form 10-K for the fiscal year ended December 31, 1996 filed with the SEC (the "Balance Sheet") except for property since sold or otherwise disposed of in the ordinary course of business and consistent with past practice.

Title to and Condition of Properties. Except as set forth in ------------------------------------ Section 3.10 of the Disclosure Statement, Company and its subsidiaries have good title to all of the real property and own outright all of the personal property (except for leased property or assets) which is reflected on Company's and its subsidiaries' December 31, 1996 audited consolidated balance sheet contained in Company's Form 10-K for the fiscal year ended December 31, 1996 filed with the SEC except for property since sold or otherwise disposed of in the ordinary course of business and consistent with past practice.