Common use of Title to Properties and Assets Clause in Contracts

Title to Properties and Assets. The Company has good and marketable title to all its properties and assets, including without limitation, the intellectual property right and trade secretes and that property used or located on property controlled by the Company in its business (except assets sold in the ordinary course of business), subject to no mortgage, pledge, lien, charge, security interest, encumbrance, or restriction except those which do not materially adversely affect the use thereof.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Navidec Financial Services, Inc.), Stock Purchase Agreement (Navidec Financial Services, Inc.)

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Title to Properties and Assets. The Company has good and marketable title to all its respective properties and assetsassets reflected on its account books, including without limitation, the intellectual property right and trade secretes and that property used or located on property controlled by the Company in its business (except assets sold in the ordinary course of business), each case subject to no mortgage, pledge, lien, chargeencumbrance, security interestinterest or charge of any kind. With respect to the property and assets it leases, encumbrancethe Company and the lessor are in compliance with such leases and the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or restriction except those which do not materially adversely affect claims of any party other than the use thereoflessors of such property and assets.

Appears in 2 contracts

Samples: Investment Agreement (Omnivision Technologies Inc), Equity Interests Transfer Agreement (Omnivision Technologies Inc)

Title to Properties and Assets. The Company has good and marketable title to all its properties and assets, including without limitation, the intellectual property right and trade secretes and that property used or located on property controlled by the Company assets held in its business (except assets sold in the ordinary course of business), each case subject to no mortgage, pledge, lien, chargeencumbrance, security interestinterest or charge of any kind, except such mortgage, pledge, lien, encumbrance, security interest or restriction except those which do charge that arises in the ordinary course of business and does not materially adversely affect impair the Company's ownership or use thereof.of such property. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the Company's knowledge, the

Appears in 1 contract

Samples: Series D Preferred Stock Purchase Agreement (Accelerated Networks Inc)

Title to Properties and Assets. The Company has good and marketable ------------------------------ title to all its properties and assets, including without limitation, the intellectual property right and trade secretes and that property used or located on property controlled by the Company assets held in its business (except assets sold in the ordinary course of business), each case subject to no mortgage, pledge, lien, charge, security interestLien, encumbrance, security interest or restriction except those which do not materially adversely affect charge of any kind. With respect to the use thereofproperty and assets it leases, the Company is in compliance with such leases and, the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 1 contract

Samples: Loan Agreement (Hawker Pacific Aerospace)

Title to Properties and Assets. The Company has good and marketable title to all its properties and assets, including without limitation, the intellectual property right and trade secretes and that property used or located on property controlled by the Company assets held in its business (except assets sold in the ordinary course of business), each case subject to no mortgage, pledge, lien, chargeencumbrance, security interestinterest or charge of any kind. With respect to the property and assets it leases, encumbrancethe Company is in compliance with such leases and, to the best of the Company's knowledge, the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or restriction except those which do not materially adversely affect claims of any party other than the use thereoflessors of such property and assets.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Virtual Mortgage Network Inc)

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Title to Properties and Assets. The Company has good and marketable ------------------------------ title to all its properties and assets, including without limitation, the intellectual property right and trade secretes and that property used or located on property controlled by the Company assets held in its business (except assets sold in the ordinary course of business), each case subject to no mortgage, pledge, lien, charge, security interestLien, encumbrance, security interest or restriction except those which do not materially adversely affect charge of any kind. With respect to the use thereofproperty and assets it leases, the Company is in compliance with such leases and, the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets. 4.13.

Appears in 1 contract

Samples: Loan Agreement

Title to Properties and Assets. The Company has good and marketable title to all its properties and assets, including without limitation, the intellectual property right and trade secretes and that property used or located on property controlled by the Company assets held in its business (except assets sold in the ordinary course of business), each case subject to no mortgage, pledge, lien, charge, security interestLien, encumbrance, security interest or restriction except those which do not materially adversely affect charge of any kind. With respect to the use thereofproperty and assets it leases, the Company is in compliance with such leases and, the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 1 contract

Samples: Loan Agreement (Lluffhansa Technik Ag)

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