Common use of Title to Property; Liens Clause in Contracts

Title to Property; Liens. Each Company Party has good and marketable title to its real properties (or holds valid leasehold interests in real property) and good and merchantable title to all of its other properties, and none of such properties is subject to any Liens except for the Liens in favor of the Purchaser from and after the Initial Closing and for the Permitted Liens. Each Company Party enjoys quiet possession under all real property 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 contain 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 Parties.

Title to Property; Liens. Each Company Party has good and marketable title to its real properties (or holds valid leasehold interests in real property) and good and merchantable title to all of its other properties, and none of such properties is subject to any Liens except for the Liens in favor of the Bank and the Purchaser from and after the Initial Closing and for the Permitted Liens. Each Company Party enjoys quiet possession under all real property 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 contain 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 PartiesParties taken as a whole.