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

Title to and Interest in Properties. Company and each Company Subsidiary has good and valid title to, or valid leasehold interests in, all of their respective personal and real properties and assets as used in their respective businesses as presently conducted, and all such personal and real properties and assets, other than personal and real properties and assets in which Company or any of the Company Subsidiaries has leasehold interests, are free and clear of all Liens, except for Permitted Liens.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp /Mi/), Agreement and Plan of Merger (Chemical Financial Corp), Agreement and Plan of Merger (Monarch Community Bancorp Inc)

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Title to and Interest in Properties. Company and each Company Subsidiary has good and valid title to, or valid leasehold interests in, all of their respective personal Company Real Property and real properties and assets as used in their respective businesses as presently conducted, and all such personal and real properties and assets, other than personal and real properties and assets in which Company or any of the Company Subsidiaries has leasehold interests, are Company-Leased Real Property free and clear of all Liens, except for Permitted Liens.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Choiceone Financial Services Inc), Agreement and Plan of Merger (Wintrust Financial Corp), Agreement and Plan of Merger (Macatawa Bank Corp)

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