Common use of Title to Properties; Liens Clause in Contracts

Title to Properties; Liens. The Borrower and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as would not, individually or in the aggregate, have a Material Adverse Effect. As of the Closing Date the property (real or personal, tangible or intangible) of the Borrower and its Material Subsidiaries is subject to no Liens, other than Permitted Liens.

Appears in 5 contracts

Samples: Credit Agreement (Storage Technology Corp), Credit Agreement (Storage Technology Corp), Credit Agreement (Storage Technology Corp)

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Title to Properties; Liens. The Borrower Holdings and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as would could not, individually or in the aggregate, have a Material Adverse Effect. As The property of the Closing Date the property (real or personal, tangible or intangible) of the Borrower Holdings and its Material Subsidiaries is subject to no Liens, other than Permitted Liens.

Appears in 4 contracts

Samples: Credit Agreement (Building Materials Holding Corp), Credit Agreement (Building Materials Holding Corp), Credit Agreement (Building Materials Holding Corp)

Title to Properties; Liens. The Borrower Company and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as would could not, individually or in the aggregate, have a Material Adverse Effect. As The property of the Closing Date the property (real or personal, tangible or intangible) of the Borrower Company and its Material Subsidiaries is subject to no Liens, other than Permitted LiensLiens permitted under Section 7.01.

Appears in 2 contracts

Samples: Credit Agreement (Albertsons Inc /De/), Credit Agreement (Albertsons Inc /De/)

Title to Properties; Liens. The Borrower and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as would could not, individually or in the aggregate, have a Material Adverse Effect. As The property of the Closing Date the property (real or personal, tangible or intangible) of the Borrower and its Material Subsidiaries is subject to no Liens, other than Permitted LiensLiens permitted under Section 10.1.

Appears in 2 contracts

Samples: Credit Agreement (Albertsons Inc /De/), Credit Agreement (Albertsons Inc /De/)

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Title to Properties; Liens. The Borrower and each Subsidiary have good -------------------------- record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as would not, individually or in the aggregate, have a Material Adverse Effect. As of the Closing Date the property (real or personal, tangible or intangible) of the Borrower and its Material Subsidiaries is subject to no Liens, other than Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Storage Technology Corp)

Title to Properties; Liens. The Borrower Holdings and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as would could not, individually or in the aggregate, have a Material Adverse Effect. As The real and personal property of the Closing Date the property (real or personal, tangible or intangible) of the Borrower Holdings and its Material Subsidiaries is subject to no Liens, other than Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Building Materials Holding Corp)

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