Common use of Title to Properties and Assets; Liens Clause in Contracts

Title to Properties and Assets; Liens. B-Balloon has good and marketable title to its properties and assets and has good title to all its leasehold interests, in each case, not subject to any Lien or lease, other than (i) for Liens for current taxes not yet due and payable, and provided for on the applicable financial statements, and (ii) de minimis Liens and defects in title which do not in any case, individually or in the aggregate, materially detract from the value, continued ownership, use or operation of the property subject thereto or materially impair business operations, and that have not arisen otherwise than in the ordinary course of business (the “Permitted Liens”). With respect to the property and assets it leases, B-Balloon is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens other than Permitted Liens. B-Balloon’s properties and assets are in good condition and repair in all material respects. B-Balloon does not currently own, and has never owned, any real property.

Title to Properties and Assets; Liens. B-Balloon Acuity has good and marketable title to its properties and assets assets, and has good title to all its leasehold interests, in each case, not case subject to any no Lien or lease, other than (i) for Liens for current taxes not yet due and payable, and provided for on the applicable financial statements, and (ii) de minimis Liens and defects in title which do not in any case, individually or in the aggregate, materially detract from the value, continued ownership, use or operation of the property subject thereto or materially impair business operations, and that have not arisen otherwise than in the ordinary course of business (the “Permitted Liens”). With respect to the property and assets it leases, B-Balloon Acuity is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens other than Permitted Liens. B-BalloonAcuity’s properties and assets are in good condition and repair in all material respects. B-Balloon Acuity does not currently own, and has never owned, any real property.

Title to Properties and Assets; Liens. B-Balloon Acuity has good and marketable title to its properties and assets assets, and has good title to all its leasehold interests, in each case, not case subject to any no Lien or lease, other than (i) for Liens for current taxes not yet due and payable, and provided for on the applicable financial statements, and (ii) de minimis Liens and defects in title which do not in any case, individually or in the aggregate, materially detract from the value, continued ownership, use or operation of the property subject thereto or materially impair business operations, and that have not arisen otherwise than in the ordinary course of business (the “Permitted Liens”). With respect to the property and assets it leases, B-Balloon Acuity is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens other than Permitted Liens. B-BalloonAcuity’s properties and assets are in good condition and repair in all material respects. B-Balloon Acuity does not currently own, and has never owned, any real property.. 4.11

Title to Properties and Assets; Liens. B-Balloon Sorrento has good and marketable title to its properties and assets and has good title a valid leasehold interest to all its leasehold interestsleased property, in each case, not subject to any Lien or leaseLien, other than (i) for Liens for current taxes Taxes not yet due and payable, and provided for on the applicable financial statements, and (ii) de minimis Liens and defects in title which do not in any case, individually or in the aggregate, materially detract from the value, continued ownership, use or operation of the property subject thereto or materially impair business operations, and that have not arisen otherwise than in the ordinary course of business (the “Permitted Liens”). With respect to the property and assets it leases, B-Balloon Sorrento is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens other than Permitted Liens. B-BalloonSorrento’s properties and assets are in good condition and repair in all material respectsrespects other than in respect of ordinary wear and tear thereto. B-Balloon Sorrento does not currently own, and has never owned, any real property.

Title to Properties and Assets; Liens. B-Balloon has The Acquired Entities have good and marketable title to its their respective properties and assets assets, and has have good title to all its their respective leasehold interests, in each case, not case subject to any no Lien or lease, other than (i) for Liens for current taxes not yet due and payable, and provided for on the applicable financial statements, and (ii) de minimis Liens and defects in title which do not in any case, individually or in the aggregate, materially detract from the value, continued ownership, use or operation of the property subject thereto or materially impair business operations, and that have not arisen otherwise than in the ordinary course of business (the “Permitted Liens”). With respect to the property and assets it leases, B-Balloon each Acquired Entity is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens other than Permitted Liens. B-BalloonEach Acquired Entity’s properties and assets are in good condition and repair in all material respects. B-Balloon does The Acquired Entities do not currently own, and has have never owned, any real property.