Common use of Title to Property and Assets Clause in Contracts

Title to Property and Assets. The Company owns its properties and assets free and clear of all mortgages, deeds of trust, liens, encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which arise in the ordinary course of business and which do not affect material properties and assets of the Company. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best of the Company's Knowledge, the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 5 contracts

Samples: Series a Convertible Preferred Stock Purchase Agreement (Net Value Holdings Inc), Convertible Preferred Stock Purchase Agreement (Net Value Holdings Inc), Preferred Stock Purchase Agreement (Net Value Holdings Inc)

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Title to Property and Assets. The Company owns its properties property and assets free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which liens that arise in the ordinary course of business and which do not affect material properties and assets of materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, if any, the Company is in compliance with such leases and, to the best of the Company's Knowledge’s knowledge, the Company holds a valid leasehold interests in such assets interest free of any liens, encumbrances, security interests claims or claims of any party encumbrances other than to the lessors of such property and or assets.

Appears in 3 contracts

Samples: Convertible Notes Purchase Agreement (Uber Technologies, Inc), Convertible Notes Purchase Agreement (Uber Technologies, Inc), Convertible Notes Purchase Agreement (Uber Technologies, Inc)

Title to Property and Assets. The Company owns its properties property and assets free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, such encumbrances and security interests which liens that arise in the Company’s ordinary course of business and which do not affect material properties and assets of materially impair the Company’s ownership or use of such property or assets. Each material lease or agreement to which the Company is a party which is a lease of real or personal property is a valid and existing agreement and the Company is not in default of any material term thereof. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best knowledge of the Company's Knowledge, the Company holds a valid leasehold interests in such assets interest free of any liens, claims or encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 3 contracts

Samples: Promissory Note Purchase Agreement, Promissory Note Purchase Agreement (Rib X Pharmaceuticals Inc), Promissory Note Purchase Agreement (Rib X Pharmaceuticals Inc)

Title to Property and Assets. The Company owns its properties property and assets free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which liens that arise in the ordinary course of business and which do not affect material properties and assets of materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best of the Company's Knowledgeits knowledge, the Company holds a valid leasehold interests in such assets interest free of any liens, encumbrances, security interests claims or claims of any party encumbrances other than to the lessors of such property and or assets.

Appears in 3 contracts

Samples: Series F Preferred Stock and Warrant Purchase Agreement (Winc, Inc.), Preferred Stock Purchase Agreement, Voting Agreement (WhiteSmoke, Inc.)

Title to Property and Assets. The Company owns its material properties and assets free and clear of all mortgages, deeds of trust, liens, encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which arise in the ordinary course of business and which do not affect material the Company's rights to use and possess such properties and assets of the Companyassets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best of the Company's Knowledgeknowledge, the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Imx Exchange Inc), Preferred Stock Purchase Agreement (Imx Exchange Inc), Series D Preferred Stock Purchase Agreement (Imx Exchange Inc)

Title to Property and Assets. The Company Corporation owns its properties property and assets free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which liens that arise in the ordinary course of business and which do not affect material properties and assets materially impair the Corporation’s ownership or use of the Companysuch property or assets. With respect to the property and assets it leases, the Company Corporation is in compliance with such leases and, to the best of the Company's Knowledgeits knowledge, the Company holds a valid leasehold interests in such assets interest free of any liens, encumbrances, security interests claims or claims of any party encumbrances other than to the lessors of such property and or assets.

Appears in 3 contracts

Samples: Series a Preferred Stock Purchase Agreement (KonaRed Corp), Series B Preferred Stock Purchase Agreement (KonaRed Corp), Series a Preferred Stock Purchase Agreement (Willsey Gregory Thomas)

Title to Property and Assets. The Company owns its properties and assets free and clear of all mortgages, deeds of trust, liens, encumbrances, encumbrances and security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which arise in the ordinary course of business and which do not affect material properties and assets of the Company. With respect to the property and assets it leases, the Company is in material compliance with such leases and, to the best of the Company's Knowledge, and the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 2 contracts

Samples: Shareholders Agreement (Home Inns & Hotels Management Inc.), Shareholders Agreement (Home Inns & Hotels Management Inc.)

Title to Property and Assets. The Company owns its properties property and assets free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which liens that arise in the ordinary course of business and which do not affect material properties and assets of materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance in all material respects with such leases and, to the best of the Company's Knowledgeits knowledge, the Company holds a valid leasehold interests in such assets interest free of any liens, encumbrances, security interests claims or claims of any party encumbrances other than to the lessors of such property and or assets.

Appears in 2 contracts

Samples: Convertible Note and Series F Preferred Stock Purchase Agreement (Renren Inc.), Convertible Note Purchase Agreement (Helios & Matheson Analytics Inc.)

Title to Property and Assets. The Company owns its properties and ---------------------------- assets free and clear of all mortgages, deeds of trust, liens, encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which arise in the ordinary course of business and which do not affect material properties and assets of the Company. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best of the Company's Knowledgeknowledge, the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 1 contract

Samples: Series B Preferred Stock Exchange Agreement (Asymetrix Learning Systems Inc)

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Title to Property and Assets. The Company owns its properties and assets free and clear of all mortgages, deeds of trust, liens, encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which arise in the ordinary course of business and which do not affect in any material respect the properties and assets of the Company. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best of the Company's Knowledge, the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 1 contract

Samples: Series a Convertible Preferred Stock Purchase Agreement (Net Value Holdings Inc)

Title to Property and Assets. The Company owns its properties property and assets free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which liens that arise in the ordinary course of business and which do not affect material properties and assets of materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases in all material respects and, to the best of the Company's Knowledgeits knowledge, the Company holds a valid leasehold interests in such assets interest free of any liens, encumbrances, security interests claims or claims of any party encumbrances other than to the lessors of such property and or assets.

Appears in 1 contract

Samples: Stock Purchase Agreement (Minerva Neurosciences, Inc.)

Title to Property and Assets. The Company owns its properties and assets free and clear of all mortgages, deeds deed of trust, liens, encumbrances, security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which arise in the ordinary course of business and which do not affect material properties and assets of the Company. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best of the Company's Knowledgeknowledge, the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 1 contract

Samples: Stock Purchase Agreement (Globecomm Systems Inc)

Title to Property and Assets. The Company owns its properties and assets free and clear of all mortgages, deeds of trust, liens, encumbrances, encumbrances and security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which arise in the ordinary course of business and which do not affect material properties and assets of the Company. With respect to the property and assets it leases, the Company is in material compliance with such leases lease and, to the best of the Company's Knowledge’s knowledge, the Company holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Innofone Com Inc)

Title to Property and Assets. The Company owns its properties and assets the Company owns are owned by the Company free and clear of all mortgages, deeds of trust, liens, encumbrances, encumbrances and security interests and claims except for statutory liens for the payment of current taxes that are not yet delinquent and liens, encumbrances and security interests which arise in the ordinary course of business and which do not affect material properties and assets of the Company. With respect to the property and assets it leases, the Company is in compliance with such leases and, to the best of the Company's Knowledgeits knowledge, the Company holds a valid leasehold interests in such assets interest free of any liens, claims or encumbrances, security interests or claims of any party other than the lessors of such property and assets.

Appears in 1 contract

Samples: Series D Preferred Stock Purchase Agreement (Glu Mobile Inc)

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