Common use of Title to Properties; Possession Under Leases Clause in Contracts

Title to Properties; Possession Under Leases. (a) Each of the Borrower and its Subsidiaries has good and marketable title to, or valid leasehold interests in , all its properties and assets, except for defects in title that would not, in the aggregate, be reasonably likely to have a Material Adverse Effect. All material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02. (b) Each of the Borrower and its Subsidiaries has complied with all obligations under all leases to which it is a party, all such leases are in full force and effect and each of the Borrower and its Subsidiaries enjoys peaceful and undisturbed possession under all such leases, except for any noncompliance, ineffectiveness or other conditions that would not, in the aggregate, be reasonably likely to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Facility Agreement (Scripps E W Co /De), 364 Day Competitive Advance and Revolving Credit Facility Agreement (Scripps E W Co /De), 364 Day Competitive Advance and Revolving Credit Facility Agreement (Scripps E W Co /De)

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Title to Properties; Possession Under Leases. (a) Each of the Borrower and its Subsidiaries has good and marketable title to, or valid leasehold interests in in, all its properties and assets, except for defects in title that would not, in the aggregate, be reasonably likely to have a Material Adverse Effect. All material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.027.02. (b) Each of the Borrower and its Subsidiaries has complied with all obligations under all leases to which it is a party, all such leases are in full force and effect and each of the Borrower and its Subsidiaries enjoys peaceful and undisturbed possession under all such leases, except for any noncompliance, ineffectiveness or other conditions that would not, in the aggregate, be reasonably likely to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Senior Unsecured Term Loan Agreement (Scripps Networks Interactive, Inc.), Five Year Competitive Advance and Revolving Credit Facility Agreement (Scripps Networks Interactive, Inc.), Five Year Competitive Advance and Revolving Credit Facility Agreement (Scripps Networks Interactive, Inc.)

Title to Properties; Possession Under Leases. (a) Each of the Borrower and its the Restricted Subsidiaries has good and marketable title to, or valid leasehold interests in in, all its material properties and assets, except for minor defects in title that would not, in the aggregate, be reasonably likely do not interfere with its ability to have a Material Adverse Effectconduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02. (b) Each of the Borrower and its the Restricted Subsidiaries has complied complied, in all material respects, with all obligations under all material leases to which it is a party, party and all such leases are in full force and effect and each effect. Each of the Borrower and its the Restricted Subsidiaries enjoys peaceful and undisturbed possession under all such material leases, except for any noncompliance, ineffectiveness or other conditions that would not, in to the aggregate, be extent not reasonably likely to have result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Community Choice Financial Inc.), Revolving Credit Agreement (Reliant Software, Inc.), Revolving Credit Agreement (Community Choice Financial Inc.)

Title to Properties; Possession Under Leases. (a) Each of the Borrower and its Subsidiaries has good and marketable title to, or valid leasehold interests in in, all its properties and assets, except for defects in title that would not, in the aggregate, be reasonably likely to have a Material Adverse Effect. All material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02. (b) Each of the Borrower and its Subsidiaries has complied with all obligations under all leases to which it is a party, all such leases are in full force and effect and each of the Borrower and its Subsidiaries enjoys peaceful and undisturbed possession under all such leases, except for any noncompliance, ineffectiveness or other conditions that would not, in the aggregate, be reasonably likely to have a Material Adverse Effect.

Appears in 2 contracts

Samples: 364 Day Competitive Advance and Revolving Credit Facility Agreement (Scripps E W Co /De), 364 Day Competitive Advance and Revolving Credit Facility Agreement (Scripps E W Co /De)

Title to Properties; Possession Under Leases. (a) Each of the Borrower and its the Restricted Subsidiaries has good and marketable title to, or valid leasehold interests in in, all its material properties and assets, except for minor defects in title that would not, in the aggregate, be reasonably likely do not interfere with its ability to have a Material Adverse Effectconduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02. (b) Each of the Borrower and its the Restricted Subsidiaries has complied complied, in all material respects, with all obligations under all material leases to which it is a party, party and all such leases are in full force and effect and each effect. Each of the Borrower and its the Restricted Subsidiaries enjoys peaceful and undisturbed possession under all such material leases, except for any noncompliance, ineffectiveness or other conditions that would not, in to the aggregate, be extent not reasonably likely to have result in a Material Adverse EffectEffect on the Loan Parties, taken as a whole.

Appears in 2 contracts

Samples: Revolving Credit Agreement (CCF Holdings LLC), Revolving Credit Agreement (Community Choice Financial Inc.)

Title to Properties; Possession Under Leases. (a) Each of the Borrower and its the Restricted Subsidiaries has good and marketable title to, or valid leasehold interests in in, all its material properties and assets, except for minor defects in title that would not, in the aggregate, be reasonably likely do not interfere with its ability to have a Material Adverse Effectconduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02Permitted Liens. (b) Each of the Borrower and its the Restricted Subsidiaries has complied complied, in all material respects, with all obligations under all material leases to which it is a party, party and all such leases are in full force and effect and each effect. Each of the Borrower and its the Restricted Subsidiaries enjoys peaceful and undisturbed possession under all such material leases, except for any noncompliance, ineffectiveness or other conditions that would not, in to the aggregate, be extent not reasonably likely to have result in a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Pacific Drilling S.A.)

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Title to Properties; Possession Under Leases. (a) Each The Borrower and each of the Borrower and its Subsidiaries has good and marketable sufficient title to, or valid leasehold interests in in, all its material properties and assets, except for minor defects in title that would not, in the aggregate, could not reasonably be reasonably likely expected to have a 37 Material Adverse Effect. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.03. (b) Each of the The Borrower and its Subsidiaries each Subsidiary has complied with all material obligations under all material leases to which it is a party, party and all such leases are in full force and effect in all material respects and each of the Borrower and its Subsidiaries each Subsidiary enjoys peaceful and undisturbed possession under all such leases, except for any noncompliance, ineffectiveness or other conditions that would not, in the aggregate, be reasonably likely material leases to have which it is a Material Adverse Effectparty.

Appears in 1 contract

Samples: Credit Agreement (Rayonier Inc)

Title to Properties; Possession Under Leases. (ai) Each of the Borrower Lessee and its Material Subsidiaries has good and marketable title to, or valid leasehold interests in in, all its properties and assetsassets material to its business, except for defects in title that would notwhich, in the aggregate, aggregate would not reasonably be reasonably likely expected to have a Material Adverse Effect. All material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02. (bii) Each of the Borrower Lessee and its Material Subsidiaries has complied with all material obligations under all leases to which it is a party, the failure to comply with which would have a Material Adverse Effect, and all such leases are in full force and effect and each effect. Each of the Borrower Lessee and its Material Subsidiaries enjoys peaceful and undisturbed possession under all such leases, except for any noncompliance, ineffectiveness or other conditions that would not, in the aggregate, be reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Participation Agreement (Genentech Inc)

Title to Properties; Possession Under Leases. (a) Each of the Borrower and its Subsidiaries has good and marketable title to, or valid leasehold interests in in, all its properties and assets, except for defects in title that would not, in the aggregate, be reasonably likely to have a Material Adverse Effect. All material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.027.02. (b) Each of the Borrower and its Subsidiaries has complied with all obligations under all leases to which it is a party, all such leases are in full force and effect and each of the Borrower and its Subsidiaries enjoys peaceful and undisturbed possession under all such leases, except for any noncompliance, ineffectiveness or other conditions that would not, in the aggregate, be reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: 5 Year Competitive Advance and Revolving Credit Facility Agreement (Scripps E W Co /De)

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