Title to Assets; Encumbrances. 3.8.1 PROVIDENCE and its subsidiaries own their respective assets, whether real, personal or intangible, free and clear of all Encumbrances, except (i) liens for current taxes and assessments not yet due or being contested in good faith by appropriate proceedings, (ii) mechanic's liens arising under the operation of law or for actions contested in good faith or for which payment arrangements have been made, (iii) liens granted or incurred by PROVIDENCE or any of its subsidiaries in the ordinary course of its business or in connection with the financing of office space, furniture and equipment in the ordinary course of its business, (iv) easements, covenants, restrictions and other exceptions to title of record which do not materially and adversely affect the operations of PROVIDENCE and its subsidiaries, (v) such Encumbrances as do not secure indebtedness in excess of $10,000, which in the aggregate (meaning as to PROVIDENCE and all of its subsidiaries) do not secure indebtedness in excess of $10,000, or (vi) Encumbrances reflected in the SEC Documents; 3.8.2 Except as set forth in the Form 10-KSB for the period ended December 31, 1999 ("Form 10-K"), there are no parties in possession of any of the assets of PROVIDENCE or its subsidiaries other than PROVIDENCE or such subsidiaries, other than personal property held by third parties in the reasonable and ordinary course of business. Except as set forth in the Form 10-K, PROVIDENCE and each of its subsidiaries enjoy full, free and exclusive use and quiet enjoyment of their respective assets and all rights pertaining thereto, and PROVIDENCE and its subsidiaries enjoy peaceful and undisturbed possession under all leases under which any of them is lessee.
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Samples: Merger Agreement (Lifelong Com Inc), Merger Agreement (United American Companies Inc), Merger Agreement (Providence Capital I Inc)
Title to Assets; Encumbrances. 3.8.1 PROVIDENCE 10.10.1 Except as disclosed to SJMB in the Security Documents, each of the Company and its subsidiaries own their respective Subsidiaries has good and indefeasible title to its owned assets, whether real, personal or intangible, free and clear of all Encumbrances, Encumbrances except (i) for Encumbrances arising in connection with the Excepted Transactions, (ii) as reflected in the Company SEC Documents, (iii) liens for current taxes and assessments not yet due d ue or being contested in good faith by appropriate proceedings, (iiiv) mechanic's liens arising under the operation of law or for actions contested in good faith or for which payment arrangements have been made, (iiiv) liens granted or incurred by PROVIDENCE or any of its subsidiaries such Person in the ordinary course of its business or in connection with the financing of equipment, office space, furniture and equipment computers in the ordinary course of its business, (ivvi) easements, covenantsrights of way, restrictions and encroachments or other exceptions to reductions or matters affecting title of record which do not materially prevent the assets from being used for the purpose for which they are currently being used and adversely affect (vii) encumbrances on the operations capital stock of PROVIDENCE its subsidiaries in favor of the Bank Group;
10.10.2 Other than certain valves and its subsidiariesequipment of the Company held by Blastco Services Company, Gary Martin and Xxxxxxx Xxssey xxich are to be transferred to the Company pursuant to that certain Stock Purchase Agreement dated as of June 13, 2000, (vthe "Blastco Agreement") such Encumbrances as do not secure indebtedness in excess of $10,000, which in the aggregate (meaning as to PROVIDENCE and all of its subsidiaries) do not secure indebtedness in excess of $10,000, or (vi) Encumbrances reflected in the SEC Documents;
3.8.2 Except as set forth in the Form 10-KSB for the period ended December 31, 1999 ("Form 10-K"), there are no parties in possession of any of the assets of PROVIDENCE the Company or its subsidiaries other than PROVIDENCE or such subsidiaries, Subsidiaries other than personal property held by third parties in the reasonable and ordinary course of business. Except as set forth in Each of the Form 10-K, PROVIDENCE Company and each of its subsidiaries enjoy Subsidiaries enjoys full, free and exclusive use and quiet enjoyment of their respective its assets and all its rights pertaining thereto, and PROVIDENCE . Each of the Company and its subsidiaries enjoy Subsidiaries enjoys peaceful and undisturbed possession under all leases under which any it is a lessee, and all such leases are legal, valid and binding obligations of them is lesseesuch Person, enforceable against such Person in accordance with its terms.
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Samples: Reimbursement Agreement (Industrial Holdings Inc), Reimbursement Agreement (Industrial Holdings Inc)
Title to Assets; Encumbrances. 3.8.1 PROVIDENCE 3:1:8:1 Except as set forth in Section 3:1:8 of the Disclosure Schedule, OAK BROOK and its subsidiaries own their respective assets, whether real, personal or intangible, free and clear of all Encumbrances, except (i) liens for current taxes and assessments not yet due or being contested in good faith by appropriate proceedings, (ii) mechanic's liens arising under the operation of law or for actions contested in good faith or for which payment arrangements have been made, (iii) liens granted or incurred by PROVIDENCE OAK BROOK or any of its subsidiaries in the ordinary course of its business or in connection with the financing of office space, furniture and equipment in the ordinary course of its business, (iv) easements, covenants, restrictions and other exceptions to title of record which do not materially and adversely affect the operations of PROVIDENCE OAK BROOK and its subsidiaries, (v) such Encumbrances as do not secure indebtedness in excess of $10,000, which in the aggregate (meaning as to PROVIDENCE OAK BROOK and all of its subsidiaries) do not secure indebtedness in excess of $10,000, or are otherwise described in Section 3:1:8 of the Disclosure Schedule, or (vi) Encumbrances reflected in the SEC Documents;
3.8.2 3:1:8:2 Except as set forth in the Form 10-KSB for the period ended December 31, 1999 ("Form 10-K")) or Section 3:1:8 of the Disclosure Schedule, there are no parties in possession of any of the assets of PROVIDENCE OAK BROOK or its subsidiaries other than PROVIDENCE OAK BROOK or such subsidiaries, other than personal property held by third parties in the reasonable and ordinary course of business. Except as set forth in the Form 10-KK or Section 3:1:8 of the Disclosure Schedule, PROVIDENCE OAK BROOK and each of its subsidiaries enjoy full, free and exclusive use and quiet enjoyment of their respective assets and all rights pertaining thereto, and PROVIDENCE OAK BROOK and its subsidiaries enjoy peaceful and undisturbed possession under all leases under which any of them is lessee.
Appears in 2 contracts
Samples: Share Exchange Agreement (Pvaxx Corp), Share Exchange Agreement (Pvaxx Corp)
Title to Assets; Encumbrances. 3.8.1 PROVIDENCE and owns its subsidiaries own their respective assets, whether real, personal or intangible, free and clear of all Encumbrances, except (i) liens for current taxes and assessments not yet due or being contested in good faith by appropriate proceedings, (ii) mechanic's liens arising under the operation of law or for actions contested in good faith or for which payment arrangements have been made, (iii) liens granted or incurred by PROVIDENCE or any of its subsidiaries in the ordinary course of its business or in connection with the financing of office space, furniture and equipment in the ordinary course of its business, (iv) easements, covenants, restrictions and other exceptions to title of record which do not materially and adversely affect the operations of PROVIDENCE and its subsidiariesPROVIDENCE, (v) such Encumbrances as do not secure indebtedness in excess of $10,000, which in the aggregate (meaning as to PROVIDENCE and all of its subsidiaries) do not secure indebtedness in excess of $10,000, or (vi) Encumbrances reflected in the SEC Documents;
3.8.2 Except as set forth in the Form 10-KSB for the period ended December 31, 1999 2000 ("Form 10-K"), there are no parties in possession of any of the assets of PROVIDENCE or its subsidiaries other than PROVIDENCE or such subsidiariesPROVIDENCE, other than personal property held by third parties in the reasonable and ordinary course of business. Except as set forth in the Form 10-K, PROVIDENCE and each of its subsidiaries enjoy enjoys full, free and exclusive use and quiet enjoyment of their respective its assets and all rights pertaining thereto, and PROVIDENCE and its subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases under which any of them it is lessee.
Appears in 1 contract
Samples: Merger Agreement (Cachestream Corp)
Title to Assets; Encumbrances. 3.8.1 PROVIDENCE and owns its subsidiaries own their respective assets, whether real, personal or intangible, free and clear of all Encumbrances, except (i) liens for current taxes and assessments not yet due or being contested in good faith by appropriate proceedings, (ii) mechanic's liens arising under the operation of law or for actions contested in good faith or for which payment arrangements have been made, (iii) liens granted or incurred by PROVIDENCE or any of its subsidiaries in the ordinary course of its business or in connection with the financing of office space, furniture and equipment in the ordinary course of its business, (iv) easements, covenants, restrictions and other exceptions to title of record which do not materially and adversely affect the operations of PROVIDENCE and its subsidiariesPROVIDENCE, (v) such Encumbrances as do not secure indebtedness in excess of $10,000, which in the aggregate (meaning as to PROVIDENCE and all of its subsidiaries) do not secure indebtedness in excess of $10,000, or (vi) Encumbrances reflected in the SEC Documents;
3.8.2 Except as set forth in the Form 10-KSB for the period ended December 31, 1999 ("Form 10-K"), there are no parties in possession of any of the assets of PROVIDENCE or its subsidiaries other than PROVIDENCE or such subsidiariesPROVIDENCE, other than personal property held by third parties in the reasonable and ordinary course of business. Except as set forth in the Form 10-K, PROVIDENCE and each of its subsidiaries enjoy enjoys full, free and exclusive use and quiet enjoyment of their respective its assets and all rights pertaining thereto, and PROVIDENCE and its subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases under which any of them it is lessee.
Appears in 1 contract