Common use of Title to Properties; Absence of Liens Clause in Contracts

Title to Properties; Absence of Liens. Except as disclosed on ------------------------------------- Schedule 4.2(h), SNAP has good title to (or, in the case of real estate or --------------- equipment leases, a valid lease to) all of its properties, assets and other rights, free and clear of all Liens except for Permitted Liens and such assets will enable Xenon 2 to conduct the business of SNAP after the Effective Time in substantially the same manner as it is currently being conducted.

Appears in 4 contracts

Samples: Merger Agreement (General Electric Co), Merger Agreement (Xoom Inc), Agreement and Plan of Contribution, Investment and Merger (General Electric Co)

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Title to Properties; Absence of Liens. Except as disclosed on ------------------------------------- Schedule 4.2(h4.1(h), SNAP has good title to (or, in the case of real estate or --------------- equipment leases, a valid lease to) all of its properties, assets and other rights, free and clear of all Liens except for Permitted Liens and such assets will enable Xenon 2 to conduct the business of SNAP after the Effective Time in substantially the same manner as it is currently being conducted.

Appears in 2 contracts

Samples: Contribution and Merger Agreement (Xoom Inc), Merger Agreement (General Electric Co)

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