Common use of Title to Property and Assets; Leases Clause in Contracts

Title to Property and Assets; Leases. Except (i) for liens for current taxes not yet delinquent, (ii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (iii) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation, or (iv) for minor defects in title, none of which, individually or in the aggregate materially interferes with the use of such property, the Company owns its tangible property and tangible assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(iv) above.

Title to Property and Assets; Leases. Except (i) for liens for current taxes not yet delinquent, (ii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (iii) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation, or (iv) for minor defects in title, none of which, individually or in the aggregate materially interferes with the use of such property, the Company owns its tangible property and tangible assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(iva)-(d) above.

Title to Property and Assets; Leases. Except (i) for liens for current taxes not yet delinquent, (ii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (iii) for liens in respect of pledges or deposits under workers' ’ compensation laws or similar legislation, legislation or (iv) for minor defects in title, none of which, individually or in the aggregate aggregate, materially interferes with the use of such property, the Company owns has good and marketable title to its tangible property and tangible assets free and clear of all mortgages, liens, claims claims, and encumbrances. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims claims, or encumbrances, subject to clauses (i)-(iv) above.

Title to Property and Assets; Leases. Except for (i) for liens for current taxes not yet delinquent, (ii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (iii) for liens in respect of pledges or deposits under workers' ’ compensation laws or similar legislation, or (iv) for minor defects in title, none of which, individually or in the aggregate aggregate, materially interferes with the use or ownership of such property, the Company owns its tangible property and tangible assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leasesleases (the “Leased Property”), the Company or is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(iv) aboveof this Section 3(k).