Title to Properties and Assets; Liens. The Company has good and marketable title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no material mortgage, pledge, lien, lease, encumbrance or charge, other than (i) liens for current taxes not yet due and payable, (ii) liens imposed by law and incurred in the ordinary course of business for obligations not past due, (iii) liens in respect of pledges or deposits under workers’ compensation laws or similar legislation, and (iv) liens, encumbrances and defects in title which do not in any case materially detract from the value of the property subject thereto or have a material adverse effect on the Company, and which have not arisen otherwise than in the ordinary course of business.
Appears in 4 contracts
Samples: Flashseed Convertible Promissory Note Subscription Agreement, Preferred Stock Subscription Agreement, Series a Preferred Stock Subscription Agreement
Title to Properties and Assets; Liens. The Company has good and marketable title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no material mortgage, pledge, lien, lease, encumbrance or charge, other than (i) liens for current taxes not yet due and payable, (ii) liens imposed by law and incurred in the ordinary course of business for obligations not past due, (iii) liens in respect of pledges or deposits under workers’ ' compensation laws or similar legislation, and (iv) liens, encumbrances and defects in title which do not in any case materially detract from the value of the property subject thereto or have a material adverse effect on the Company, and which have not arisen otherwise than in the ordinary course of business.
Appears in 2 contracts
Samples: Series a Preferred Stock Subscription Agreement, Series a Preferred Stock Subscription Agreement
Title to Properties and Assets; Liens. The Company Cooperative has good and marketable title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no material mortgage, pledge, lien, lease, encumbrance or charge, other than (i) liens for current taxes not yet due and payable, (ii) liens imposed by law and incurred in the ordinary course of business for obligations not past due, (iii) liens in respect of pledges or deposits under workers’ compensation laws or similar legislation, and (iv) liens, encumbrances and defects in title which do not in any case materially detract from the value of the property subject thereto or have a material adverse effect on the CompanyMaterial Adverse Effect, and which have not arisen otherwise than in the ordinary course of business.
Appears in 2 contracts
Samples: Subscription and Investor Member Agreement, Subscription and Investor Member Agreement
Title to Properties and Assets; Liens. The Company has good and marketable title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no material mortgage, pledge, lien, lease, encumbrance or charge, other than (i) for liens for current taxes not yet due and payable, (ii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due, (iii) for liens in respect of pledges or deposits under workers’ ' compensation laws or similar legislation, and (iv) possible minor liens, encumbrances and defects in title which do not in any case materially detract from the value of the property subject thereto or have a material adverse effect on materially impair the operations of the Company, and which have not arisen otherwise than in the ordinary course of business.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Third Wave Technologies Inc /Wi), Preferred Stock and Warrant Purchase Agreement (Third Wave Technologies Inc /Wi)
Title to Properties and Assets; Liens. The Company Corporation has good and marketable title to to, or good and valid leasehold interests in, its properties and assets, tangible and has good title to all its leasehold interestsintangible, in each case subject to no material mortgage, pledge, lien, lease, encumbrance or chargefree and clear of any Liens, other than (i) for liens for current taxes not yet due and payable, (ii) for liens imposed by law and incurred in the ordinary course of business for obligations not past duedue and which are not material, (iii) for liens in respect of pledges or deposits under workers’ compensation laws or similar legislation, and (iv) minor liens, encumbrances and defects in title which do not in any case materially detract from the value of the property subject thereto or have a material adverse effect on materially impair the Companyoperations of the Corporation, and which have not arisen otherwise than in the ordinary course of business.
Appears in 1 contract
Samples: Series a Preferred Stock Purchase Agreement (Finjan Holdings, Inc.)
Title to Properties and Assets; Liens. The Company has good and marketable title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no material mortgage, pledge, lien, lease, encumbrance or charge, other than (i) for liens for current taxes not yet due and payable, (ii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due, (iii) for liens in respect of pledges or deposits under workers’ compensation laws or similar legislation, and (iv) possible minor liens, encumbrances and defects in title which do not in any case materially detract from the value of the property subject thereto or have a material adverse effect on materially impair the operations of the Company, and which have not arisen otherwise than in the ordinary course of business. The Company is in compliance with all of its leases of tangible property and assets.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Overstock Com Inc)
Title to Properties and Assets; Liens. The Company and Parent each has good and marketable title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no material mortgage, pledge, lien, lease, encumbrance or charge, other than (i) liens for current taxes not yet due and payable, (ii) liens imposed by law and incurred in the ordinary course of business for obligations not past due, (iii) liens in respect of pledges or deposits under workers’ compensation laws or similar legislation, and (iv) liens, encumbrances and defects in title which do not in any case materially detract from the value of the property subject thereto or have a material adverse effect on the Companyeffect, and which have not arisen otherwise than in the ordinary course of business.
Appears in 1 contract
Samples: Convertible Preferred Stock Purchase Agreement (TWO RIVERS WATER & FARMING Co)
Title to Properties and Assets; Liens. The Company Corporation has good and marketable title to to, or good and valid leasehold interests in, its properties and assets, tangible and has good title to all its leasehold interestsintangible, in each case subject to no material mortgage, pledge, lien, lease, encumbrance or chargefree and clear of any Liens, other than (i) for liens for current taxes not yet due and payable, (ii) for liens imposed by law and incurred in the ordinary course of business for obligations not past duedue and which are not material, (iii) for liens in respect of pledges or deposits under workers’ compensation laws or similar legislation, and (iv) minor liens, encumbrances and defects in title which do not in any case materially detract from the value of the property subject thereto or have a material adverse effect on materially impair the Companyoperations of the Corporation, and which have not arisen otherwise than in the ordinary course of business.. 2.11
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Finjan Holdings, Inc.)
