Common use of Title to Property and Encumbrances Clause in Contracts

Title to Property and Encumbrances. The Company has good, valid and indefeasible marketable title to all properties and assets used in the conduct of its business (except for property held under valid and subsisting leases which are in full force and effect and which are not in default) free of all Liens (except as set forth in any Schedule hereto), except Permitted Liens and such ordinary and customary imperfections of title, restrictions and encumbrances as do not, individually or in the aggregate, materially detract from the value of the property or assets or materially impair the use made thereof by the Company in its business.

Appears in 1 contract

Samples: Agreement of Merger And (InfoLogix Inc)

AutoNDA by SimpleDocs

Title to Property and Encumbrances. The To the Company’s knowledge, the Company has good, valid and indefeasible marketable title to all properties and assets used in the conduct of its business (except for property held under valid and subsisting leases which and license agreements that are in full force and effect and which are not in default) free of all Liens (except as set forth in any Schedule hereto)and other encumbrances, except Permitted Liens and such ordinary and customary imperfections of title, restrictions and encumbrances as do not, individually or in the aggregate, materially detract from the value of the property or assets or materially impair the use made thereof by the Company in its business.

Appears in 1 contract

Samples: Agreement of Merger and Plan of Reorganization (Med-X, Inc.)

Title to Property and Encumbrances. The Except as set forth in the Balance Sheet or Schedule 2.16, the Company has good, valid and indefeasible marketable title to all properties and assets used in the conduct of its business (except for property held under valid and subsisting leases which are in full force and effect and which are not in default) free of all Liens (except as set forth in any Schedule hereto)and other encumbrances, except Permitted Liens and such ordinary and customary imperfections of title, restrictions and encumbrances as do notcould not reasonably be expected to, individually or in the aggregate, materially detract from the value of the property or assets or materially impair the use made thereof by the Company in its business.

Appears in 1 contract

Samples: Agreement of Merger And (Convention All Holdings Inc)

AutoNDA by SimpleDocs

Title to Property and Encumbrances. The Company has good, valid and indefeasible marketable title to all properties and assets used in the conduct of its business (except for property held under valid and subsisting leases which are in full force and effect and which are not in default) free of all Liens (except as set forth in any Schedule hereto)2.14) and other encumbrances, except Permitted Liens and such ordinary and customary imperfections of title, restrictions and encumbrances as do not, individually or in the aggregate, materially detract from the value of the property or assets or materially impair the use made thereof by the Company in its business.

Appears in 1 contract

Samples: Exchange Agreement (Cliff Rock Resources Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.