Title to Property; Liens. The Borrower has good and marketable title to all property purported to be owned by it subject to no Liens other than Permitted Liens.
Title to Property; Liens. Each Borrower and Subsidiary has good, indefeasible, and merchantable title to and ownership of the Collateral and its real property, free and clear of all Liens, except Permitted Liens.
Title to Property; Liens. Upon the Closing each Borrower shall have (i) good and marketable title to all of its Property, except (A) any 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. Upon the Closing, all of such Property shall be free and clear of all Liens, except Permitted Liens. Upon the proper filing with the appropriate Governmental Bodies of appropriate Uniform Commercial Code financing statements, the applicable Loan Instruments will create valid and perfected Liens in the Property described therein, subject only to Permitted Prior Liens.
Title to Property; Liens. Borrower has good, indefeasible and merchantable title to and ownership of its assets, free and clear of all Liens except Permitted Liens (including the existing Liens set forth in Section 4.8 of the Disclosure Schedule), except for such defects as could not reasonably be expected to have a Material Adverse Effect individually or in the aggregate.
Title to Property; Liens. Except for Permitted Liens, each Loan Party and each of its Subsidiaries: (a) has good and marketable title to all of its Property (including the Collateral pledged by the Borrower) purported to be owned by it, free and clear of all Liens, and holds such title and all of such Property in its own name and not in the name of any nominee or other Person, (b) has not created and is not contractually bound to create any Lien on or with respect to any of its Properties other than Permitted Liens and (c) except under the Loan Documents, is not restricted by contract from creating Liens on any material portion of the Collateral. Except as set forth in Schedule 6.17 hereto, as of the Closing Date and each Borrowing Date there are no Permitted Liens under clause (b) of the definition thereof securing payments by the Borrower (or any of its Subsidiaries) in excess of $1,000,000 (except where such payments are not yet due).
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. Each Credit Party has good and marketable title to all assets and other property purported to be owned by it, and the Bank has a perfected first priority Lien on all of the Collateral subject to no other Lien.
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. Borrower shall have good and marketable title to all of the Collateral free and clear of all Liens. The applicable Loan Documents create a valid and perfected Lien in the Collateral described therein.
Title to Property; Liens. The Company and its Subsidiaries have good and marketable title to, or valid and subsisting leasehold interests in, all of their respective Real Property, and good title to or valid and subsisting leasehold interests in all of their respective other property reflected in their books and records as being owned by them, and none of such property is subject to any Lien, except for Permitted Liens.
