Title to Assets; No Encumbrances. Each of the Loan Parties and its Subsidiaries has (a) good and marketable title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good and marketable title to (in the case of all other personal property), all of their respective assets or property necessary to conduct its business or used in the ordinary course of business. All of such assets are free and clear of Liens except for Permitted Liens.
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Samples: Credit Agreement (Colt Finance Corp.), Possession Term Loan Agreement (Colt Finance Corp.), Possession Term Loan Agreement (Colt Finance Corp.)
Title to Assets; No Encumbrances. Each of the Loan Parties and its Subsidiaries has (a) good and marketable title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (cb) good and marketable title to (in the case of all other real or personal property), all of their respective assets or property necessary reflected in their most recent financial statements delivered pursuant to conduct its business or used Section 5.1, in each case except for assets disposed of since the ordinary course date of businesssuch financial statements to the extent permitted hereby. All of such assets are free and clear of Liens except for Permitted Liens.
Appears in 4 contracts
Samples: Credit Agreement (Acreage Holdings, Inc.), Credit Agreement (Canopy Growth Corp), Credit Agreement (Acreage Holdings, Inc.)
Title to Assets; No Encumbrances. Each of the Loan Parties and its Subsidiaries has (a) good good, sufficient and marketable legal title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good and marketable title to (in the case of all other personal property), all of their respective assets or property necessary to conduct its business or used in the ordinary course of business. All of such assets are free and clear of Liens except for Permitted Liens.leasehold
Appears in 1 contract
Samples: Credit Agreement (Vector Group LTD)
Title to Assets; No Encumbrances. Each of the Loan Parties and its Subsidiaries has (a) good good, sufficient and marketable title to (in the case of fee interests in Real Property), (b) valid leasehold interests in or valid rights to use (in the case of leasehold interests in real or personal property), and (c) good and marketable title to (in the case of all Accounts, Inventory and other material personal property, other than assets subject to Capitalized Lease Obligations), all of their respective assets or property necessary to conduct its business or used reflected in the ordinary course of business. All of such assets are free and clear of Liens except for Permitted Liens.their
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Title to Assets; No Encumbrances. Each of the Loan Parties and its Subsidiaries has (a) good good, sufficient and marketable legal title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good and marketable title to (in the case of all other personal property), all of their respective assets or property necessary reflected in their most recent financial statements delivered pursuant to conduct its business or used Section 5.1, in the ordinary course of business. All of such assets are free and clear of Liens except for Permitted Liens.each case
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Title to Assets; No Encumbrances. Each of the Loan Parties and its Subsidiaries has (a) good good, sufficient and marketable legal title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good and and, as applicable, marketable title to (in the case of all other personal property), all of their respective assets or property necessary reflected in their most recent financial statements delivered pursuant to conduct its business or used Section 5.1, in the ordinary course of business. All of such assets are free and clear of Liens except for Permitted Liens.each case
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