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

Title to Properties; Absence of Liens. Borrower has good and clear record and marketable title to all of its properties and assets, and all of its properties and assets including the Collateral are free and clear of all mortgages, liens, pledges, charges, encumbrances, setoffs, except (a) the mortgages and security interests as set forth on Schedule 3.4a if any, and (b) the leases of personal property as set forth on Schedule 3.4b, if any.

Title to Properties; Absence of Liens. Each Borrower has good and clear record and marketable title to all of its properties and assets, and all of its properties and assets including the Collateral are free and clear of all mortgages, liens, pledges, charges, encumbrances, setoffs, except (a) the mortgages and security interests as set forth on Schedule 3.4a 3.4a, if any, and (b) the leases of personal property as set forth on Schedule 3.4b, if any.