Title to Assets and Properties. The Assets and Properties the Company owns are owned by the Company free and clear of all mortgages, deeds of trust, liens, encumbrances and security interests except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which arise in the ordinary course of business and which do not affect material Assets and Properties of the Company. With respect to Assets and Properties the Company leases, the Company is in material compliance with such leases.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Marine Park Holdings, Inc.), Stock Purchase Agreement (Claremont Technologies Corp), Stock Purchase Agreement (Energy Venture, Inc.)
