Common use of Absence of Liens and Encumbrances Clause in Contracts

Absence of Liens and Encumbrances. The Company and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financials and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, as do not materially detract from the value of or materially interfere with the present use of the property affected thereby.

Absence of Liens and Encumbrances. The Company and each of its subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its material tangible properties and assets, real, personal and mixed, used in its business, free and clear of any liens or encumbrances except as reflected in the Company Financials Financial Statements and except for liens for taxes not yet due and payable and such imperfections of title and encumbrances, if any, as which are not material in character, amount, or extent, and which do not materially detract from the value of value, or materially interfere with the present use use, of the property subject thereto or affected thereby.