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

Title to Properties; Absence of Liens. The Borrower and each of its Subsidiaries has good and marketable title to all of its properties, assets and rights of every name and nature now purported to be owned by it, which properties, assets and rights include all those necessary to permit the Borrower and such Subsidiaries to conduct its business as such business was conducted on the date of the Initial Financial Statement, free from all liens, charges and encumbrances whatsoever except for insubstantial and immaterial defects in title and liens, charges or encumbrances permitted under Section 5.6.

Appears in 1 contract

Samples: Loan Agreement (Boston Acoustics Inc)

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Title to Properties; Absence of Liens. The Borrower and each of its Subsidiaries ------------------------------------- has good and marketable title to all of its properties, assets and rights of every name and nature now purported to be owned by it, which properties, assets and rights include all those necessary to permit the Borrower and such Subsidiaries to conduct its business as such business was conducted on the date of the Initial Financial Statement, free from all liens, charges and encumbrances whatsoever except for insubstantial and immaterial defects in title and liens, charges or encumbrances permitted under Section 5.6.. 3.4

Appears in 1 contract

Samples: Loan Agreement (Boston Acoustics Inc)

Title to Properties; Absence of Liens. The Each Borrower and each of its Subsidiaries has good and marketable title to all of its properties, assets and rights of every name and nature now purported to be owned by it, which properties, assets and rights include all those necessary to permit the such Borrower and such Subsidiaries to conduct its business as such business was conducted on the date of the Initial Financial Statement, free from all liens, charges and encumbrances whatsoever except for insubstantial and immaterial defects in title and liens, charges or encumbrances permitted under Section 5.6.

Appears in 1 contract

Samples: Loan Agreement (Starmet Corp)

Title to Properties; Absence of Liens. The Borrower and each of its Subsidiaries has good and marketable valid title to all of its properties, assets and rights of every name and nature now purported to be owned by it, which properties, assets and rights include all those necessary to permit the Borrower and such Subsidiaries to conduct its business as such business was conducted on the date of the Initial Financial Statement, it free from all defects, liens, charges and encumbrances whatsoever whatsoever, except for insubstantial and immaterial defects as set forth in title and liens, charges or encumbrances permitted under Section 5.6Schedule 8.2 hereof.

Appears in 1 contract

Samples: Security Agreement (Xyvision Inc)

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Title to Properties; Absence of Liens. The Borrower and each of its Subsidiaries has have good and marketable valid title to all of its properties, assets and rights of every name and nature now purported to be owned by it, which properties, assets and rights include all those necessary to permit the Borrower and such Subsidiaries to conduct its business as such business was conducted on the date of the Initial Financial Statement, them free from all defects, liens, charges and encumbrances whatsoever whatsoever, except for insubstantial as set forth in Schedule 7.2 attached hereto. The Borrower owns all of the issued and immaterial defects in title and liens, charges or encumbrances permitted under Section 5.6outstanding capital stock of the Subsidiaries.

Appears in 1 contract

Samples: Advance Facility Loan Agreement (Azul Holdings Inc)

Title to Properties; Absence of Liens. The Borrower and each of its Subsidiaries has good and marketable valid title to all of its properties, assets and rights of every name and nature now purported to be owned by it, which properties, assets and rights include all those necessary to permit the Borrower and such Subsidiaries to conduct its business as such business was conducted on the date of the Initial Financial Statement, it free from all defects, liens, charges and encumbrances whatsoever whatsoever, except for insubstantial and immaterial defects as set forth in title and liens, charges or encumbrances permitted under Section 5.6Schedule 9.3 hereof.

Appears in 1 contract

Samples: Advance Facility Loan Agreement (Xyvision Inc)

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