Common use of Title to Properties; Insurance Clause in Contracts

Title to Properties; Insurance. (a) Except as set forth on Schedule 2.7(a), the Company has good and valid title to, or, in the case of property leased by it as lessee, a valid and subsisting leasehold interest in, the Company's properties and assets, free of all Liens. (b) Schedule 2.7(b) sets forth a complete and correct list of all insurance coverage carried by the Company, the carrier and the terms and amount of coverage. All of the material assets of the Company and all aspects of the Company's business that are of insurable character are covered by insurance with insurers against risks of liability, casualty and fire and other losses and liabilities customarily obtained to cover comparable businesses and assets in amounts, scope and coverage which are consistent with prudent industry practice. The Company is not in default with respect to its obligations under any such insurance policy maintained by it. All such policies and other instruments are in full force and effect and no premiums with respect thereto are past due and owed. The Company has not failed to give any notice or present any material claim under any such insurance policy in due and timely fashion or as required by any of such insurance policies. The Company has not otherwise through any act, omission or non-disclosure, jeopardized or impaired full recovery of any claim under such policies, and there are no claims by the Company under any of such policies to which any insurance company is denying liability or defending under a reservation of rights or similar clause. The Company has not received notice of any pending or threatened termination of any of such policies or any premium increases for the current policy period with respect to any of such policies and the consummation of the transactions contemplated by the Transaction Documents will not result in any such termination or premium increase.

Title to Properties; Insurance. (a) Except as set forth on Schedule 2.7(a), the Company has good and valid title to, or, in the case of property leased by it as lessee, a valid and subsisting leasehold interest in, the Company's its properties and assets, free of all Liens. (b) Schedule 2.7(b) sets forth a complete and correct list of all insurance coverage carried by the Company, the carrier and the terms and amount of coverage. All of the material assets of the Company and all aspects of the Company's business that are of insurable character are covered by insurance with insurers against risks of liability, casualty and fire and other losses and liabilities customarily obtained to cover comparable businesses and assets in amounts, scope and coverage which that are consistent with prudent industry practice. The Company is not in default with respect to its obligations under any such insurance policy maintained by it. All such policies and other instruments are in full force and effect and no premiums with respect thereto are past due and owed. The Company has not failed to give any notice or present any material claim under any such insurance policy in due and timely fashion or as required by any of such insurance policies. The Company has not otherwise otherwise, through any act, omission or non-disclosure, jeopardized or impaired full recovery of any claim under such policies, and there are no claims by the Company under any of such policies to which any insurance company is denying liability or defending under a reservation of rights or similar clause. The Company has not received notice of any pending or threatened termination of any of such policies or any premium increases for the current policy period with respect to any of such policies and the consummation of the transactions contemplated by the Transaction Documents will not result in any such termination or premium increase.

Title to Properties; Insurance. (a) Except as set forth on Schedule 2.7(a), the Company has good and valid title to, or, in the case of property leased by it as lessee, a valid and subsisting leasehold interest in, the Company's its properties and assets, free of all Liens. (b) Schedule 2.7(b) sets forth a complete and correct list of all insurance coverage carried by the Company, the carrier and the terms and amount of coverage. All of the material assets of the Company and all aspects of the Company's business that are of insurable character are covered by insurance with insurers against risks of liability, casualty and fire and other losses and liabilities customarily obtained to cover comparable businesses and assets in amounts, scope and coverage which that are consistent with prudent industry practice. The Company is not in default with respect to its obligations under any such insurance policy maintained by it. All such policies and other instruments are in full force and effect and no premiums with respect thereto are past due and owed. The Company has not failed to give any notice or present any material claim under any such insurance policy in due and timely fashion or as required by any of such insurance policies. The Company has not otherwise otherwise, through any act, omission or non-disclosure, jeopardized or impaired full recovery of any claim under such policies, and there are no claims by the Company under any of such policies to which any insurance company is denying liability or defending under a reservation of rights or similar clause. The Company has not received notice of any pending or threatened termination of any of such policies or any premium increases for the current policy period with respect to any of such policies and the consummation of the transactions contemplated by the Transaction Documents will not result in any such termination or premium increase.increases