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

Title to Properties; Absence of Liens. The Borrower 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 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 (Charles River Associates Inc)

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Title to Properties; Absence of Liens. The Borrower ------------------------------------- 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 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 5.65.

Appears in 1 contract

Samples: Loan Agreement (Boston Acoustics Inc)

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)

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 each such Subsidiary 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 (C P Clare Corp)

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Title to Properties; Absence of Liens. The Each Borrower 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 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)

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