Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assets.
Appears in 4 contracts
Samples: Note Purchase Agreement (Redgate Media Group), Stock Purchase Agreement (Amtrust Financial Services, Inc.), Series a Preferred Stock Purchase Agreement (Arrowhead Research Corp)
Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances. With respect to the property and assets it leases, except for statutory liens for the payment Company is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of current taxes that are not yet delinquent and any liens, claims or encumbrances and liens that arise in other than those of the ordinary course of business and do not materially impair the Company’s ownership or use lessors of such property or assets.
Appears in 2 contracts
Samples: Series a Preferred Stock Purchase Agreement (Anterios Inc), Series a Preferred Stock Purchase Agreement (Anterios Inc)
Absence of Liens. The property and assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrancesLiens, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair the Company’s ownership or use of such property or assets. With respect to the property and assets it leases, the Company is in compliance with such leases and, to its Knowledge, holds a valid leasehold interest free of any Liens other than those of the lessors of such property or assets.
Appears in 2 contracts
Samples: Note Purchase Agreement (Marrone Bio Innovations Inc), Note Purchase Agreement (Marrone Bio Innovations Inc)
Absence of Liens. The material property and material assets that the Company owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for Permitted Liens. With respect to the payment of current taxes that are not yet delinquent material property and encumbrances and liens that arise in material assets it leases, the ordinary course of business and do not materially impair Company, to the Company’s ownership knowledge, holds a valid leasehold interest free of any liens, claims or use of such property or assetsencumbrances other than Permitted Liens.
Appears in 1 contract
Samples: Common Stock Subscription Agreement (Gener8 Maritime, Inc.)
