Common use of Asset Ownership Clause in Contracts

Asset Ownership. Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender by Bxxxxxxx, and that all such properties and assets are free and clear of mortgages, security deeds, pledges, liens, charges, and all other encumbrances, except as otherwise disclosed by the financial statements submitted to Lender.

Appears in 1 contract

Samples: Loan Agreement (Generation Income Properties, Inc.)

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Asset Ownership. Borrower has good and marketable title to all of the their properties and assets assets, reflected on the balance sheets and financial statements supplied Lender by Bxxxxxxxand, and that except for Permitted Encumbrances (as defined below), all such properties and assets are free and clear of mortgages, security deeds, pledges, liens, charges, and all other encumbrances, except as otherwise disclosed by the financial statements submitted to Lender.

Appears in 1 contract

Samples: Loan Agreement (Sysorex Global Holdings Corp.)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender Bank by BxxxxxxxBorrower, and that all such properties and assets are free and clear of mortgages, security deeds, pledges, liens, charges, and all other encumbrances, except as otherwise disclosed by the financial statements submitted to Lenderthe Bank, and except for encumbrances on the fee simple interests of properties and assets leased to Borrower pursuant to capitalized leases.

Appears in 1 contract

Samples: Revolving Loan Agreement (Proxymed Inc /Ft Lauderdale/)

Asset Ownership. Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender by Bxxxxxxxfurnished to Bank, and that and, to the best of Borrower’s knowledge, all such properties and assets are free and clear of mortgages, security deedsdeeds of trust, pledges, liens, charges, and all other encumbrances, except as otherwise disclosed by the such financial statements submitted to Lenderstatements.

Appears in 1 contract

Samples: Loan Agreement (CNL Income Properties Inc)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender by Bxxxxxxxfurnished to the Bank, and that all such properties and assets are free and clear of mortgages, security deedsdeeds of trust, pledges, liens, charges, and all other encumbrances, encumbrances except as otherwise disclosed by the such financial statements submitted to Lenderstatements.

Appears in 1 contract

Samples: Loan Agreement (Advisory Board Co)

Asset Ownership. Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender by Bxxxxxxxit, and that all such properties and assets are free and clear of mortgages, security deeds, pledges, liens, charges, and all other encumbrances, except as otherwise disclosed by the financial statements submitted to Lender.

Appears in 1 contract

Samples: Loan Agreement (Procyon Corp)

Asset Ownership. Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender by Bxxxxxxxfurnished to Bank, and that and, to the best of Borrower’s knowledge, all such properties and assets are free and clear of mortgages, security deedsdeeds of trust, pledges, liens, charges, and all other encumbrances, encumbrances except as otherwise disclosed by the such financial statements submitted to Lenderstatements.

Appears in 1 contract

Samples: Loan Agreement (CNL Income Properties Inc)

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Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender to Bank by BxxxxxxxBorrower, and that all such properties and assets are free and clear of mortgages, security deeds, pledges, liens, charges, and all other encumbrances, except as otherwise disclosed by the financial statements submitted to Lenderthe Bank.

Appears in 1 contract

Samples: Note and Security Agreement (Action Products International Inc)

Asset Ownership. Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender by BxxxxxxxXxxxxxxx, and that all such properties and assets are free and clear of mortgages, security deeds, pledges, liens, charges, and all other encumbrances, except as otherwise disclosed by the financial statements submitted to Lender.

Appears in 1 contract

Samples: Loan Agreement (Generation Income Properties, Inc.)

Asset Ownership. The Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender by Bxxxxxxxfurnished to the Bank, and that all such properties and assets are free and clear of mortgages, security deedsdeeds of trust, pledges, liens, charges, and all other encumbrances, encumbrances except as otherwise disclosed by the such financial statements submitted to Lenderstatements. 2.06.

Appears in 1 contract

Samples: Loan Agreement (Delta Natural Gas Co Inc)

Asset Ownership. Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender by BxxxxxxxBorrower, and that all such properties and assets are free and clear of mortgages, security deeds, pledges, liens, charges, and all other encumbrances, except as otherwise disclosed by the financial statements submitted to Lender.

Appears in 1 contract

Samples: Loan Agreement (Generation Income Properties, Inc.)

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