Common use of Titles to Properties Clause in Contracts

Titles to Properties. Each Credit Party and each Subsidiary thereof has such title to the real property owned or leased by it as is necessary to the conduct of its business and valid and legal title to all of its personal property and assets, including those reflected on the balance sheets of the Credit Parties and their Subsidiaries delivered pursuant to Section 7.1(f)(i), except those which have been disposed of by the Credit Parties or their Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 3 contracts

Samples: Credit Agreement (La-Z-Boy Inc), Credit Agreement (La-Z-Boy Inc), Credit Agreement (La-Z-Boy Inc)

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Titles to Properties. Each Credit Party and each Subsidiary thereof has such title to the real property owned or leased by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including including, but not limited to, those reflected on the Consolidated balance sheets sheet of the Credit Parties and their Subsidiaries delivered pursuant to Section 7.1(f)(i6.1(m), except those which have been disposed of by the Credit Parties or their Subsidiaries subsequent to such date date, which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunderunder this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Golf Trust of America Inc), Credit Agreement (Golf Trust of America Inc)

Titles to Properties. Each Credit Party and each Subsidiary thereof has such title to the or a valid leasehold in such real property owned or leased by it as is necessary or desirable to the conduct of its business and has valid and legal title to all of its personal property and assets, including those reflected on the balance sheets of the Credit Parties Parent and their its Subsidiaries delivered pursuant to Section 7.1(f)(i6.1(o), except those which have such property that has been disposed of by the a Credit Parties or their Subsidiaries Party subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Tuesday Morning Corp/De), Credit Agreement (Tuesday Morning Corp/De)

Titles to Properties. Each Credit Party and each Subsidiary thereof of the Borrower has such title to the real property owned or leased by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including including, but not limited to, those reflected on the balance sheets of the such Credit Parties Party and their such Subsidiaries delivered pursuant to Section 7.1(f)(i5.1(o), except those which have been disposed of by the such Credit Parties Party or their such Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 1 contract

Samples: Loan Agreement (Sirrom Investments Inc)

Titles to Properties. Each Credit Party and each Subsidiary thereof has such title to the real property owned in fee or leased by it as is necessary appropriate to the conduct of its business business, and valid and legal title to all of its personal property and assets, including including, but not limited to, those reflected on the Consolidated balance sheets of the Credit Parties Borrower and their its Subsidiaries delivered pursuant to Section 7.1(f)(i5.1(o), except those which have been disposed of by the Credit Parties or their Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunderbusiness.

Appears in 1 contract

Samples: Credit Agreement (Healthplan Services Corp)

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Titles to Properties. Each Credit Party and each Subsidiary thereof has such title to the real property owned in fee or leased by it as is necessary appropriate to the conduct of its business business, and valid and legal title to all of its personal property and assets, including including, but not limited to, those reflected on the Consolidated balance sheets of the Credit Parties Borrower and their its Subsidiaries delivered pursuant to Section 7.1(f)(i6.1(o), except those which have been disposed of by the Credit Parties or their Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunderbusiness.

Appears in 1 contract

Samples: Credit Agreement (Healthplan Services Corp)

Titles to Properties. Each Credit Party and each Subsidiary thereof has such title to the real property owned or leased by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including including, but not limited to, those reflected on the Consolidated balance sheets sheet of the Credit Parties and their Subsidiaries delivered pursuant to Section 7.1(f)(i6.1(l), except those which have been disposed of by the Credit Parties or their Subsidiaries subsequent to such date date, which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunderunder this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Golf Trust of America Inc)

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