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), Series a Convertible Preferred Stock Purchase Agreement (Net Value Holdings Inc), Common Stock Purchase Agreement (Planet Zanett 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 5 contracts
Samples: Securities Purchase Agreement (PRB GasTransportation, Inc.), Stock Purchase Agreement (Globecomm Systems Inc), Stock Purchase Agreement (Globecomm Systems 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: Series E Preferred Stock Purchase Agreement (Imx Exchange Inc), Series C Preferred Stock Purchase Agreement (Imx Exchange Inc), Series D Preferred Stock Purchase Agreement (Imx Exchange 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.
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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, pledges, security interests, claims, equitable interests, charges, 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 liens which are disclosed in the Disclosure Materials or which 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, claims, or encumbrances, security interests or claims of any party other than the lessors of such property and assets.
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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 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)
Title to Property and Assets. The Company LLC 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 CompanyLLC and except as set forth on SCHEDULE 3.12. With respect to the property and assets it leases, the Company LLC is in compliance with such leases and, to and the best of the Company's Knowledge, the Company LLC 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: Purchase Agreement (Railtex Inc)