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

Title to Properties; Liens and Encumbrances. The Company and its Subsidiaries have good and marketable title to, or in the case of leased properties and assets, valid and enforceable leaseholds or licensed interests in, all of their respective material properties and assets. Such properties and assets are not subject to any material mortgage, pledge, lien, security interest, conditional sales agreement, encumbrance or charge, except liens for current taxes not yet due and payable and mechanics liens incurred in the ordinary course of business. The material properties and assets of the Company and its Subsidiaries are in good condition and repair in all material respects. Except as disclosed in Schedule 2.6 of the Disclosure Letter, such material properties and assets constitute all of the material properties and assets, tangible and intangible, of any nature whatsoever, necessary to operate the Company's business as it is currently being operated.