Common use of Title to Property; Leases; Liens; Subordination Clause in Contracts

Title to Property; Leases; Liens; Subordination. Each of the Borrower and the Subsidiaries has (a) good and marketable title to its real properties and (b) good and sufficient title to, or valid, subsisting and enforceable leasehold interest in, its other material properties, including all real properties, other properties and assets, referred to as owned by the Borrower and its Subsidiaries in the most recent financial statements referred to in Section 5.1 (other than property disposed of since the date of such financial statements in the ordinary course of business). None of such properties is subject to a Lien, except as allowed under Section 6.12. The Borrower has not subordinated any of its rights under any obligation owing to it to the rights of any other person.

Title to Property; Leases; Liens; Subordination. Each of the Borrower and the Subsidiaries has (a) good and marketable title to its real properties and (b) good and sufficient title to, or valid, subsisting and enforceable leasehold interest in, its other material properties, including all real properties, other properties and assets, referred to as owned by the Borrower and its Subsidiaries in the most recent financial statements statement referred to in Section 5.1 4.5 (other than property disposed of since the date of such financial statements in the ordinary course of businessexcept as allowed under Section 6.2). None of such properties is subject to a Lien, except as allowed under Section 6.126.14. The Borrower has not subordinated any of its rights under any obligation owing to it to the rights of any other person.

Title to Property; Leases; Liens; Subordination. Each of the Borrower and the its Restricted Subsidiaries has (a) good and marketable title to its real properties and (b) good and sufficient title to, or valid, subsisting subsisting, and enforceable leasehold interest in, its other material properties, including all real properties, properties and other properties and assets, assets referred to as owned by the Borrower and or any of its Restricted Subsidiaries in the most recent financial statements statement referred to in Section 5.1 (other than property disposed of since the date of such financial statements in the ordinary course of business). None of such properties is subject to a Lien, except as allowed under Section 6.12. The Borrower has not subordinated any of its rights under any obligation owing to it to the rights of any other person.

Title to Property; Leases; Liens; Subordination. Each of the Borrower and the Subsidiaries has (a) good and marketable title to its real properties and (b) good and sufficient title to, or valid, subsisting and enforceable leasehold interest in, its other material properties, including all real properties, other properties and assets, referred to as owned by the Borrower and its Subsidiaries in the most recent financial statements statement referred to in Section 5.1 4.5 (other than property disposed of since the date of such financial statements in the ordinary course of business). None of such properties owned by the Borrower or any Subsidiary is subject to a Lien, except as allowed under Section 6.12. The Neither the Borrower has not nor any Subsidiary subordinated any of its rights under any obligation owing to it to the rights of any other person.

Title to Property; Leases; Liens; Subordination. Each of the The Borrower and the each of its Subsidiaries has have (a) good and marketable title to its in fee simple to, or valid leasehold interests in, their respective real properties and (b) good and sufficient title to, or valid, subsisting and enforceable leasehold interest in, its their respective other material properties, including all real properties, other properties and assets, referred to as owned by the Borrower and its Subsidiaries in the most recent financial statements statement referred to in Section 5.1 (other than property disposed of since the date of such financial statements in the ordinary course of businessbusiness or as otherwise permitted hereunder). None of such properties is subject to a Lien, except as allowed under Section 6.126.12 or Liens to be discharged on the Closing Date. The Neither the Borrower nor any of its Subsidiaries has not subordinated any of its material rights under any obligation owing to it to the rights of any other person.

Title to Property; Leases; Liens; Subordination. Each of the The Borrower and the each of its Subsidiaries has have (a) good and marketable title to its in fee simple to, or valid leasehold interests in, their respective real properties and (b) good and sufficient title to, or valid, subsisting and enforceable leasehold interest in, its their respective other material properties, including all real properties, other properties and assets, referred to as owned by the Borrower and its Subsidiaries in the most recent financial statements statement referred to in Section 5.1 (other than property disposed of since the date of such financial statements in the ordinary course of businessbusiness or as otherwise permitted hereunder). None of such properties is subject to a Lien, except as allowed under Section 6.126.12 or Liens to be discharged on the Signing Date. The Neither the Borrower nor any of its Subsidiaries has not subordinated any of its material rights under any obligation owing to it to the rights of any other person.