Assets and Property Sample Clauses

Assets and Property. Borrower will maintain, keep, and preserve all of its assets (tangible and intangible) necessary or useful in the proper conduct of its business and operations in good working order and condition, ordinary wear and tear excepted.
Assets and Property. Borrower shall maintain, keep, and preserve all of its assets and property (tangible and intangible) necessary or useful in the proper conduct of its business and operations in good working order and condition, ordinary wear and tear excepted. Borrower shall promptly obtain and maintain, from time to time at its own expense, all Approvals and Permits as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.
Assets and Property. Borrower will maintain, keep, and preserve, or cause to be maintained, kept and preserved, the Collateral in good working order and condition, ordinary wear and tear excepted.
Assets and Property. Except as set forth on Schedule 2.16:
Assets and Property. The Company and its Subsidiaries have such ownership of or such rights by license, lease or other agreement to all of the assets and property used in their respective businesses (the “Company Assets”) as are necessary to permit them to conduct their respective operations as currently conducted, except where the failure to have such rights would not have, individually or in the aggregate, a Company Material Adverse Effect.
Assets and Property. “Asset” and “property” have the same meaning and refer to both real and personal, tangible and intangible assets and property, including cash, securities, accounts, and general intangibles.2. LIEN PRIORITIES2.1 SENIORITY OF LIENS SECURING FIRST LIEN OBLIGATIONS(a) A Lien on Collateral securing any Class A Obligation will at all times be pari passu and of equal rank with a Lien on such Collateral securing any Class B Obligation.(b) A Lien on Collateral securing any Uncapped First Lien Obligation will at all times be senior and prior in all respects to a Lien on such Collateral securing any Second Lien Obligation. A Lien on Collateral securing any Second Lien Obligation will at all times be junior and subordinate in all respects to a Lien on such Collateral securing any Uncapped First Lien Obligation.(c) A Lien on Collateral securing (x) any Capped Class A Obligation, up to but not in excess of the Class A Cap, or (y) any Capped Class B Obligation, up to but not in excess of the Class B Cap, will, in each case, at all times be senior and prior in all respects to a Lien on such Collateral securing any Second Lien Obligation. A Lien on Collateral securing any Second Lien Obligation will at all times be junior and subordinate in all respects to a Lien on such Collateral securing (x) any Capped Class A Obligation, up to but not in excess of the Class A Cap, or (y) any Capped Class B Obligation, up to but not in excess of the Class B Cap.(d) The Lien on Collateral securing any Excess Class A Obligation or Excess Class B Obligation will have the priority set forth in Section 2.9.(e) Except as otherwise expressly provided herein, the priority of the Liens securing First Lien Obligations and the rights and obligations of the Parties will remain in full force and effect irrespective of:
Assets and Property. "Asset" and "property" have the same meaning and refer to both real and personal, tangible and intangible assets and property, including cash, securities, accounts, and general intangibles.
Assets and Property. 12.1. The Company has good, valid, marketable title, possession, or has valid leasehold interest in or valid rights under contract to use each of the tangible movable property and assets as listed out in the balance sheet as of the date of the Audited Accounts, as well as those acquired since the Accounts Date.12.2. All tangible movable property reasonably necessary for the conduct of the Business is reflected in the delivered Audited Accounts and Accounts Statement, other than tangible movable property disposed of since such date in the ordinary course of business consistent with past practice. All such tangible property is free and clear of any Encumbrances and no person other than the Company has any subsisting rights, claim or title over such tangible movable property, including the right to possess or use such tangible movable property other than in the ordinary course of business. All items of material tangible movable property are in reasonably good condition and in a state of repair, wear and tear excepted, and material maintenance on such items has not been deferred beyond a time period.12.3. The Company has a valid and enforceable leasehold interest under each immovable property and interests in immovable property leased or subleased to it, as set out in Schedule 11 (collectively, the “Leased Immovable Properties”). All documents of title relating to the Leased Immovable Properties have been validly executed, adequately stamped and duly registered as required under applicable Law. The Leased Immovable Properties constitute all interests in immovable property currently used or currently held for use in connection with the Business and which are necessary for the continued operation of the Business as currently conducted. All of the Leased Immovable Properties (including buildings, fixtures and improvements thereon) owned or leased by the Company are in reasonably good operating condition and repair (subject to normal wear and tear), have been properly serviced and maintained, and the usage thereof is in compliance with applicable Law, including all regulations and standards regarding health and safety protection.12.4. Each of the leases for the Leased Immovable Properties is in full force and effect, and neither has the Company received in writing, nor has it given any notice of any breach or default or event that with notice or lapse of time, or both, which would constitute a breach or default by the Company under any of the leases for the Leased...
Assets and Property. Borrower will maintain, keep, and preserve all of its assets and property (tangible and intangible) comprising or relating to any Improvements necessary or useful in the proper maintenance of real property in good working order and condition, ordinary wear and tear excepted.