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

Title to Property; Leases; Liens; Subordination. The Borrower has (a) good and marketable title to its real properties and (b) good and sufficient title to, or valid,

Appears in 1 contract

Samples: Revolving Credit Agreement (Alleghany Corp /De)

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Title to Property; Leases; Liens; Subordination. The Borrower Each of the Borrowers and each of their 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 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.

Appears in 1 contract

Samples: Credit Agreement (Pilgrim Capital Corp)

Title to Property; Leases; Liens; Subordination. The Each of the Borrower and the Subsidiaries has (a) good and marketable title to its owned 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 and other material properties and assets referred to as owned by the Borrower and the Subsidiaries in the most recent financial statement referred to in Section 4.5

Appears in 1 contract

Samples: Credit Agreement (Buca Inc /Mn)

Title to Property; Leases; Liens; Subordination. The Borrower 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 in the unaudited interim financial statement referred to in Section 5.1 (other than property disposed of since the date of such financial statement in the ordinary course of business, or in transactions reported in

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Alleghany Corp /De)

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Title to Property; Leases; Liens; Subordination. The Borrower Each of the Borrowers and each of their 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 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.

Appears in 1 contract

Samples: Credit Agreement (Pilgrim America Capital Corp)

Title to Property; Leases; Liens; Subordination. The 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 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

Appears in 1 contract

Samples: Credit Agreement (Express America Holdings Corp)

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