Common use of Title to Property and Assets Clause in Contracts

Title to Property and Assets. The Company has good and marketable title to all of its properties and assets free and clear of all pledges, mortgages, liens security interests, charges and encumbrances, except liens for current taxes and assessments not yet due and possible minor liens and encumbrances which do not, in any case, individually or in the aggregate, materially detract from the value of the property subject thereto or materially impair the ownership or use of said property or assets, or the operations 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 its knowledge, holds a valid leasehold interest free of all liens, claims or encumbrances. The Company’s properties and assets are in good condition and repair in all material respects.

Appears in 7 contracts

Samples: Preferred Stock Purchase Agreement (Fluidigm Corp), Preferred Stock Purchase Agreement (Fluidigm Corp), Preferred Stock Purchase Agreement (Fluidigm Corp)

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Title to Property and Assets. The Company has good and marketable title to all of its properties and assets free and clear of all pledges, mortgages, liens security interests, charges and encumbrances, except liens for current taxes and assessments not yet due and possible minor liens and encumbrances which do not, in any case, individually or in the aggregate, materially detract from the value of the property subject thereto or materially impair the ownership or use of said property or assets, or the operations 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 its knowledge, holds a valid leasehold interest free of all liens, claims or encumbrances. The Company’s 's properties and assets are in good condition and repair in all material respects.

Appears in 6 contracts

Samples: Preferred Stock Purchase Agreement (Hypermedia Communications Inc), Preferred Stock Purchase Agreement (Hypermedia Communications Inc), Preferred Stock Purchase Agreement (Hypermedia Communications Inc)

Title to Property and Assets. The Company has good and marketable title to all of its properties and assets free and clear of all pledges, mortgages, liens security interests, charges and encumbrances, except liens for current taxes and assessments not yet due and possible minor liens and encumbrances which do not, in any case, individually or in the aggregate, materially detract from the value of the property subject thereto or materially impair the ownership or use of said property or assets, or the operations of the Company. With respect to the property properties and assets it leases, the Company is in compliance with such leases and, to the best of its knowledge, and holds a valid leasehold interest free of all liens, claims or encumbrances, and to the best knowledge of the Company, all other parties to the leases are in compliance with all material terms of such leases. The Company’s 's properties and assets are in good condition and repair in all material respects.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Nextcard Inc), Preferred Stock Purchase Agreement (Nextcard Inc)

Title to Property and Assets. The Company has good and marketable title to all of its properties and assets free and clear of all pledges, mortgages, liens liens, security interests, charges and encumbrances, except liens for current taxes and assessments not yet due and possible minor liens and encumbrances which do not, in any case, individually or in the aggregate, materially detract from the value of the property subject thereto or materially impair the ownership or use of said property or assets, or the operations 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 its knowledge, holds a valid leasehold interest free of all liens, claims or encumbrances. The Company’s properties and assets are in good condition and repair in all material respects.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (Fluidigm Corp), Convertible Note Purchase Agreement (Fluidigm Corp)

Title to Property and Assets. The Company has good and ---------------------------- marketable title to all of its properties and assets free and clear of all pledges, mortgages, liens security interests, charges and encumbrances, except liens for current taxes and assessments not yet due and possible minor liens and encumbrances which that do not, in any case, individually or in the aggregate, materially detract from the value of the property subject thereto or materially impair the ownership or use of said property or assets, or the operations of the Company. With respect to the property properties and assets it leases, the Company is in compliance with such leases and, to the best of its knowledge, and holds a valid leasehold interest free of all liens, claims or encumbrances, and to the best knowledge of the Company, all other parties to the leases are in compliance with all material terms of such leases. The Company’s 's properties and assets are in good condition and repair in all material respects.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Magainin Pharmaceuticals Inc), Common Stock Purchase Agreement (Magainin Pharmaceuticals Inc)

Title to Property and Assets. The Except as set forth in the SEC Reports, the Company has good and marketable title to all of its properties and assets free and clear of all pledges, mortgages, liens security interests, charges and encumbrances, except liens for current taxes and assessments not yet due and possible minor liens and encumbrances which do not, in any case, individually or in the aggregate, materially detract from the value of the property subject thereto or materially impair the ownership or use of said property or assets, or the operations 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 its knowledge, holds a valid leasehold interest free of all liens, claims or encumbrances. The Company’s properties and assets are in good condition and repair in all material respects.

Appears in 1 contract

Samples: Stock Purchase Agreement (American Access Technologies Inc)

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Title to Property and Assets. The Company has good and marketable title to its real properties and good and sufficient title to its other assets, including all of its such properties and assets reflected in its most recent audited balance sheet or purported to have been acquired by the Company after the date of such balance sheet (except as sold or otherwise disposed of in the ordinary course of business or in accordance with the Restructuring Agreements), in each case free and clear of all pledges, mortgages, liens security interestsliens, charges loans and encumbrances, except such encumbrances and liens for current taxes and assessments not yet due and possible minor liens and encumbrances which do not, in any case, individually or that arise in the aggregate, materially detract from the value ordinary course of the property subject thereto or business and do not materially impair the Company's ownership or use of said such property or assets, or the operations 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 its knowledge, holds a valid leasehold interest free of all any liens, claims or encumbrances. The Company’s properties and assets are in good condition and repair in all material respects.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Zymogenetics Inc)

Title to Property and Assets. The Company has good and marketable title to all of its properties and assets free and clear of all pledges, mortgages, liens security interests, charges and encumbrances, except liens for current taxes and assessments not yet due and possible minor liens and encumbrances which do not, in any case, individually or in the aggregate, materially detract from the value of the property subject thereto or materially impair the ownership or use of said property or assets, or the operations of the Company. 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 its knowledge, holds a valid leasehold interest free of all liens, claims or encumbrances. The Company’s 's properties and assets are in good condition and repair in all material respects.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Sandbox Entertainment Corp)

Title to Property and Assets. The Except as set forth in the SEC Reports, the Company has good and marketable title to all of its properties and assets free and clear of all pledges, mortgages, liens security interests, charges and encumbrances, except liens for current taxes and assessments not yet due and possible minor liens and encumbrances which do not, in any case, individually or in the aggregate, materially detract from the value of the property subject thereto or materially impair the ownership or use of said property or assets, or the operations 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 its knowledge, holds a valid leasehold interest free of all liens, claims or encumbrances. The Company’s properties and assets are in good condition and repair in all material respects. Each of the foregoing representations and warranties apply to each of the Subsidiaries.

Appears in 1 contract

Samples: Securities Purchase Agreement (Whos Your Daddy Inc)

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