Titles and Liens. The Company and each of the Subsidiary Guarantors has good title to, or a valid leasehold (or license or similar) interest in or right to use, all of its real and personal property necessary for the conduct of its business, (i) free and clear of all Liens except those permitted by Section 7.16 and (ii) except for minor defects in title or interest that do not interfere with its ability to conducts its business as currently conducted or as proposed to be conducted or to utilize such properties for their intended purposes, in each case, except where the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
Appears in 5 contracts
Samples: Credit Agreement (MSGE Spinco, Inc.), Credit Agreement (Madison Square Garden Entertainment Corp.), Credit Agreement (Madison Square Garden Entertainment Corp.)
