Common use of Title to and Location of Property Clause in Contracts

Title to and Location of Property. Borrower and its Subsidiaries have valid title to the Property, including all Equipment, as reflected in the balance sheet described in Section 5.6, other than items of Property or exceptions to title which are in each case immaterial and Property subsequently sold or disposed of in the ordinary course of business. Such Property is free and clear of all Liens and Rights of Others, other than those described in Schedule 5.7 and Permitted Liens and Permitted Rights of Others.

Appears in 4 contracts

Samples: Loan and Security Agreement (Aerocentury Corp), Loan and Security Agreement (Aerocentury Corp), Loan and Security Agreement (Aerocentury Corp)

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Title to and Location of Property. Borrower and its Subsidiaries have valid title to title, to, or leasehold interests in, the Property, including all Engines and Equipment, as reflected in the balance sheet sheet(s) described in Section 5.6, other than items of Property or exceptions to title which are in each case immaterial and Property subsequently sold or disposed of in the ordinary course of business. Such Property is free and clear of all Liens and Rights of OthersLiens, other than those described in Schedule 5.7 5.8 and Permitted Liens and Permitted Rights of OthersLiens.

Appears in 2 contracts

Samples: Credit Agreement (Willis Lease Finance Corp), Mortgage and Security Agreement (Willis Lease Finance Corp)

Title to and Location of Property. Borrower and its Subsidiaries have valid title to title, to, or leasehold interests in, the Property, including all EquipmentEngines, Equipment and, to the extent included in the Borrowing Base, Specified Assets, as reflected in the balance sheet sheet(s) described in Section 5.6, other than items of Property or exceptions to title which are in each case immaterial and Property subsequently sold or disposed of in the ordinary course of business. Such Property is free and clear of all Liens and Rights of OthersLiens, other than those described in Schedule 5.7 and Permitted Liens and Permitted Rights of Others.Liens. 5.9

Appears in 2 contracts

Samples: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)

Title to and Location of Property. Borrower and its Subsidiaries have valid title to title, to, or leasehold interests in, the Property, including all EquipmentEngines, Equipment and, to the extent included in the Borrowing Base, Specified Assets, as reflected in the balance sheet sheet(s) described in Section 5.6, other than items of Property or exceptions to title which are in each case immaterial and Property subsequently sold or disposed of in the ordinary course of business. Such Property is free and clear of all Liens and Rights of OthersLiens, other than those described in Schedule 5.7 and Permitted Liens and Permitted Rights of OthersLiens.

Appears in 1 contract

Samples: Credit Agreement (Willis Lease Finance Corp)

Title to and Location of Property. Borrower and its Subsidiaries have valid title to the Property, including all Equipment, as Property (other than assets which are the subject of a Capital Lease Obligation) reflected in the balance sheet described in Section 5.64.5(b), other than items of Property or exceptions to title which are in each case immaterial and Property subsequently sold or disposed of in the ordinary course of business. Such Property is free and clear of all Liens and Rights of Others, other than those Liens or Rights of Others described in Schedule 5.7 4.7 and Permitted Liens Encumbrances and Permitted Rights of Others.

Appears in 1 contract

Samples: Credit Agreement (Wild Oats Markets Inc)

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Title to and Location of Property. Borrower and its Subsidiaries have valid title to the Property, including all Equipment, as Property (other than assets which are the subject of a Capital Lease) reflected in the balance sheet financial statements described in Section 5.64.5, other than items of Property or exceptions to title which are in each case immaterial and Property subsequently sold or disposed of in the ordinary course of business. Such Property is free and clear of all Liens and Rights of Others, other than those permitted under Section 6.8. All Property of Borrower and its Subsidiaries is located at one of the locations described in Schedule 5.7 and Permitted Liens and Permitted Rights of Others4.7.

Appears in 1 contract

Samples: Loan Agreement (Meade Instruments Corp)

Title to and Location of Property. Borrower and its Subsidiaries have valid title to the Property, including all Equipment, as Property (other than assets which are the subject of a Capital Lease Obligation) reflected in the pro forma balance sheet described in Section 5.64.5(b), other than items of Property or exceptions to title which are in each case immaterial and Property subsequently sold or disposed of in the ordinary course of business. Such Property is free and clear of all Liens and Rights of Others, other than those Liens or Rights of Others described in Schedule 5.7 4.7A and Permitted Liens and Permitted Rights of Others.Encumbrances, other encumbrances permitted pursuant to Section 6.9,

Appears in 1 contract

Samples: Credit Agreement (Modtech Holdings Inc)

Title to and Location of Property. Borrower and its Subsidiaries have valid title to the Property, including all Equipment, as reflected in the balance sheet described in Section 5.6, other than items of Property or exceptions to title which are in each case immaterial and Property subsequently sold or disposed of in the ordinary course of business. Such Property is free and clear of all Liens and Rights of Others, other than those described in Schedule 5.7 5.8 and Permitted Liens and Permitted Rights of Others.

Appears in 1 contract

Samples: Loan and Security Agreement (Aerocentury Corp)

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