Common use of Title to Assets and Properties Clause in Contracts

Title to Assets and Properties. OneSource and its subsidiaries have good and marketable title to all of their respective real and personal assets and properties, including all assets and properties reflected in OneSource's Base Balance Sheet, or acquired subsequent to the date of OneSource's Base Balance Sheet, except assets or properties disposed of subsequent to that date in the ordinary course of business. Such assets and properties are subject to no mortgage, indenture, pledge, lien, claim, encumbrance, charge, security interest, or title retention or other security arrangement, except for liens for the payment of federal, state, and other taxes, the payment of which is neither delinquent nor subject to penalties, and except for other liens and encumbrances incidental to the conduct of the business of OneSource and its subsidiaries or the ownership of their assets or properties, which were not incurred in connection with the borrowing of money or the obtaining of advances, and which do not in the aggregate materially detract from the value of the assets or properties of OneSource and its subsidiaries taken as a whole or materially impair the use thereof in the operation of their respective businesses, except in each case as disclosed in OneSource's Base Balance Sheet. All leases pursuant to which OneSource or any of its subsidiaries lease any substantial amount of real or personal property are valid and effective in accordance with their respective terms. OneSource and each of its subsidiaries own or have the right to use all assets, rights, and properties necessary to conduct their business as currently conducted.

Title to Assets and Properties. OneSource Action and its subsidiaries have good and marketable title to all of their respective real and personal assets and properties, including all assets and properties reflected in OneSourceAction's Base Balance Sheet, or acquired subsequent to the date of OneSourceAction's Base Balance Sheet, except assets or properties disposed of subsequent to that date in the ordinary course of business. Such assets and properties are subject to no mortgage, indenture, pledge, lien, claim, encumbrance, charge, security interest, or title retention or other security arrangement, except for liens for the payment of federal, state, and other taxes, the payment of which is neither delinquent nor subject to penalties, and except for other liens and encumbrances incidental to the conduct of the business of OneSource Action and its subsidiaries or the ownership of their assets or properties, which were not incurred in connection with the borrowing of money or the obtaining of advances, and which do not in the aggregate materially detract from the value of the assets or properties of OneSource Action and its subsidiaries taken as a whole or materially impair the use thereof in the operation of their respective businesses, except in each case as disclosed in OneSourceAction's Base Balance Sheet. All leases pursuant to which OneSource Action or any of its subsidiaries lease any substantial amount of real or personal property are valid and effective in accordance with their respective terms. OneSource Action and each of its subsidiaries own or have the right to use all assets, rights, assets and properties necessary to conduct their business as currently conducted.

Title to Assets and Properties. OneSource Buyer and its subsidiaries have good and marketable title to all of their respective real and personal assets and properties, including all assets and properties reflected in OneSourceBuyer's Base Balance Sheet, or acquired subsequent to the date of OneSourceBuyer's Base Balance Sheet, except assets or properties disposed of subsequent to that date in the ordinary course of business. Such assets and properties are subject to no mortgage, indenture, pledge, lien, claim, encumbrance, charge, security interest, interest or title retention retention, or other security arrangement, except for liens for the payment of federal, state, and other taxes, the payment of which is neither delinquent nor subject to penalties, and except for other liens and encumbrances incidental to the conduct of the business of OneSource Buyer and its subsidiaries or the ownership of their assets or properties, which were not incurred in connection with the borrowing of money or the obtaining of advances, and which do not in the aggregate materially detract from the value of the net assets or properties of OneSource Buyer and its subsidiaries taken as a whole or materially impair the use thereof in the operation of their respective businesses, except in each case as disclosed or reflected in OneSourceBuyer's Base Balance SheetSheet or any documents filed with the SEC. All leases pursuant to which OneSource Buyer or any of its subsidiaries lease any substantial amount of real or personal property are valid and effective in accordance with their respective terms. OneSource and each of its subsidiaries own or have the right to use all assets, rights, and properties necessary to conduct their business as currently conducted.