Title to Properties and Assets; Liens. 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 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 5 contracts
Samples: Securities Purchase Agreement (Cryocon Inc), Securities Purchase Agreement (Cryocon Inc), Securities Purchase Agreement (Cryocon Inc)
Title to Properties and Assets; Liens. 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 or charge, other than possible minor liens and encumbrances which do not in any case materially detract from (i) the value lien 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.current
Appears in 1 contract
Samples: Convertible Note Purchase Agreement (Quality Care Solutions Inc)
Title to Properties and Assets; Liens. The Company has good and valid marketable title to its properties and assets, and has good title to all its respective leasehold interests, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (i) liens for 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: Agreement and Plan of Reorganization (Popmail Com Inc)
Title to Properties and Assets; Liens. The Company has good and valid marketable title to its properties and assets, assets that are material to its business as currently operated and has good title to all its leasehold interestsinterests are in full force and effect, 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, (ii) possible minor liens on real property 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, and which have not arisen otherwise than in the ordinary course of business.the
Appears in 1 contract
Samples: Note and Warrant Purchase Agreement (Evolving Systems Inc)
