Title to Properties and Assets; Liens, Etc. The Company has good and valid title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (i) the lien of current taxes not yet due and payable, and (ii) possible minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, and which have not arisen otherwise than in the ordinary course of business.
Appears in 8 contracts
Samples: Series C Preferred Stock Purchase Agreement (Healtheon Corp), Series C Preferred Stock Purchase Agreement (Healtheon Corp), Series B Preferred Stock Purchase Agreement (Healtheon Corp)
Title to Properties and Assets; Liens, Etc. The Company has good and valid marketable title to its properties and assets, and has good title to all its leasehold interestsestates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than than:
(ia) the lien of current those resulting from taxes which have not yet due and payable, and become delinquent;
(iib) possible minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, and which ; and
(c) those that have not otherwise arisen otherwise than in the ordinary course of business.
Appears in 2 contracts
Samples: Securities Purchase Agreement (West Coast Pictures LLC), Securities Purchase Agreement (Kings Road Entertainment Inc)
Title to Properties and Assets; Liens, Etc. The Company has good and valid marketable title to its properties and assets, assets and has good title to all its leasehold interestsestates, in each case subject to no mortgage, pledge, lien, leaseencumbrance, encumbrance security interest, claim, equitable interest or charge, other than (i) the lien of current or resulting from taxes which have not yet due become delinquent and payable, and (ii) possible minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, Company and which have not arisen otherwise than in the ordinary course of business.
Appears in 2 contracts
Samples: Senior Secured Convertible Debenture Purchase Agreement (Hybrid Networks Inc), Convertible Subordinated Promissory Note Purchase Agreement (Hybrid Networks Inc)
Title to Properties and Assets; Liens, Etc. The Company has good and valid marketable title to its properties and assetsassets shown in the Balance Sheets, and has good title to all of its leasehold interests, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (i) the lien of current taxes not yet due and payable, and (ii) possible minor liens and encumbrances which that do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, Company and which have not arisen otherwise than in the ordinary course of business.
Appears in 1 contract
Samples: Series E Preferred Stock Purchase Agreement (Ciphergen Biosystems Inc)
Title to Properties and Assets; Liens, Etc. The Company has good and valid ------------------------------------------ marketable title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no mortgage, pledge, lien, lease, encumbrance lien or chargeencumbrance, other than (i) the lien of current taxes not yet due and payable, and (ii) possible minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, and which have not arisen otherwise than in the ordinary course of business.
Appears in 1 contract
Samples: Series a Preferred Stock Purchase Agreement (Genesys Telecommunications Laboratories Inc)
Title to Properties and Assets; Liens, Etc. The Company has good and valid marketable title to its properties and assetsassets shown in the Balance Sheet, and has good title to all of its leasehold interests, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (i) the lien of current taxes not yet due and payable, and (ii) possible minor liens and encumbrances which that do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, Company and which have not arisen otherwise than in the ordinary course of business.
Appears in 1 contract
Samples: Stock Purchase Agreement (Continuus Software Corp /Ca)
Title to Properties and Assets; Liens, Etc. The Company has good and valid marketable title to its properties (both real and personal) and assets, and has good title to all its leasehold interests, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (i) the lien of current taxes not yet due and payable, and (ii) possible minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations or the proposed operations of the Company, and which have not arisen otherwise than in the ordinary course of business.
Appears in 1 contract
Samples: Series C Preferred Stock Purchase Agreement (Kosan Biosciences Inc)
Title to Properties and Assets; Liens, Etc. The Company has good and valid marketable title to all of its properties and assets, and has good title assets it purports to all its leasehold interestsown, in each case subject to no mortgage, pledge, lien, lease, security interest, encumbrance or charge, other than then (i) the lien of liens for current taxes not yet due and payable, and (iii) possible minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, and which have not arisen otherwise than other then in the ordinary course of business.
Appears in 1 contract
Samples: Series a Preferred Stock Purchase Agreement (Air South Airlines Inc)
Title to Properties and Assets; Liens, Etc. The Company has good and valid marketable title to its properties and assets, and has good title to all its leasehold interestsestates, in each case subject to no mortgage, pledge, lien, lease, encumbrance encumbrance, or charge, other than (i) the lien of current those resulting from taxes which have not yet due and payablebecome delinquent, and (ii) possible minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Companyhave a Material Adverse Effect, and which (iii) those that have not otherwise arisen otherwise than in the ordinary course of business.
Appears in 1 contract
Samples: Series C Convertible Preferred Stock Purchase Agreement (Biokeys Pharmaceuticals Inc)