Common use of Title to Property; Liens Clause in Contracts

Title to Property; Liens. The Company and each of its Subsidiaries has good and marketable title to its real properties, or valid leasehold interests in real property, and good and merchantable title to its other respective properties, and none of such properties is subject to any Liens, except for Liens in favor of the Senior Lender and the Purchaser and Permitted Liens. The Company and each of its Subsidiaries enjoy quiet possession under all leases to which they are parties as lessees, and all of such leases are valid, subsisting and in full force and effect. None of such leases contains any provision restricting the incurrence of indebtedness by the lessee or any unusual or burdensome provision adversely affecting the current and proposed operations of the Company or its Subsidiaries.

Title to Property; Liens. The Company and each of its Subsidiaries has good and marketable title to its real properties, properties (or valid leasehold interests in real property, ) and good and merchantable title to its other respective properties, and none of such properties is subject to any Liens, except for Liens in favor of the Senior Lender and the Purchaser and Permitted Liens. The Company and each of its Subsidiaries enjoy quiet possession under all leases to which they are parties as lessees, and all of such leases are valid, subsisting and in full force and effect. None of such leases contains any provision restricting the incurrence of indebtedness by the lessee or any unusual or burdensome provision adversely affecting the current and proposed operations of the Company or its Subsidiaries.