Common use of Title to Property; Liens Clause in Contracts

Title to Property; Liens. Borrower and each Subsidiary of Borrower has (i) good and marketable title to all of its Property, except (A) any License which cannot be transferred without the consent of a Governmental Body and (B) the portion thereof consisting of a leasehold estate and (ii) a valid leasehold estate in each portion of its Property which consists of a leasehold estate. All of such Property is free and clear of all Liens, except Permitted Liens. Upon the proper filing with the appropriate Governmental Bodies of the Mortgages and appropriate Uniform Commercial Code financing statements, the applicable Loan Documents will create valid and perfected Liens in the Property described therein, subject only to Permitted Prior Liens.

Title to Property; Liens. Upon the Closing each Borrower and each Subsidiary of Borrower has shall have (i) good and marketable title to all of its Property, except (A) any License UL Certification which cannot be transferred without the consent of a Governmental Body and (B) the portion thereof consisting of a leasehold estate and (ii) a valid leasehold estate in each portion of its Property which consists of a leasehold estate. All Upon the Closing, all of such Property is shall be free and clear of all Liens, except Permitted Liens. Upon the proper filing with the appropriate Governmental Bodies of the Mortgages and appropriate Uniform Commercial Code financing statements, the applicable Loan Documents Instruments will create valid and perfected Liens in the Property described therein, subject only to Permitted Prior Liens.

Title to Property; Liens. Upon the Closing each Borrower and each Subsidiary of Borrower has shall have (i) good and marketable title to all of its Property, except (A) any License UL Certification which cannot be transferred without the consent of a Governmental Body and (B) the portion thereof consisting of a leasehold estate and (ii) a valid leasehold estate in each portion of its Property which consists of a leasehold estate. All Upon the Closing, all of such Property is shall be free and clear of all Liens, except Permitted Liens. Upon the proper filing with the appropriate Governmental Bodies of the Mortgages and appropriate Uniform Commercial Code financing statements, the applicable Loan Documents Instruments will create valid and perfected Liens in the Property described therein, subject only to Permitted Prior Liens.

Title to Property; Liens. Each Borrower and each Subsidiary of each Borrower has (i) good and marketable title to all of its Property, except (A) any License which cannot be transferred without the consent of a Governmental Body and (B) the portion thereof consisting of a leasehold estate and (ii) a valid leasehold estate in each portion of its Property which consists of a leasehold estate. All of such Property is free and clear of all Liens, except Permitted Liens. Upon the proper filing with the appropriate Governmental Bodies of the Mortgages and appropriate Uniform Commercial Code financing statements, the applicable Loan Documents will create valid and perfected Liens in the Property described therein, subject only to Permitted Prior Liens.

Title to Property; Liens. Upon the Closing Borrower and each Subsidiary of Borrower has its Subsidiaries shall have (i) good and marketable title to all of its Property, except (A) any License UL Certification which cannot be transferred without the consent of a Governmental Body and (B) the portion thereof consisting of a leasehold estate and (ii) a valid leasehold estate in each portion of its Property which consists of a leasehold estate. All Upon the Closing, all of such Property is shall be free and clear of all Liens, except Permitted Liens. Upon the proper filing with the appropriate Governmental Bodies of the Mortgages and appropriate Uniform Commercial Code financing statements, the applicable Loan Documents Instruments will create valid and perfected Liens in the Property described therein, subject only to Permitted Prior Liens.