Common use of Title to Assets; Leases Clause in Contracts

Title to Assets; Leases. The Company owns and leases no real property except for its leases of office facilities described on Schedule 4.13. Except as disclosed on Schedule 4.13, the Company enjoys peaceful and undisturbed possession, and is in compliance with the terms, of such leases and of all leases of personal property, except where failure to enjoy such possession or such noncompliance would not have a material adverse effect upon the business, assets, prospects or financial condition of the Company and all such leases are valid and in full force and effect.

Title to Assets; Leases. The Company owns and leases no real property except for its leases of office facilities described on Schedule 4.13. Except as disclosed on Schedule 4.13, the Company enjoys peaceful and undisturbed possession, and is in compliance with the terms, of such leases and of all leases of personal real property, except where failure to enjoy such possession or such noncompliance would not have a material adverse effect upon the business, assets, prospects or financial condition of the Company and all such leases are valid and in full force and effect.