Assets; Liens and Encumbrances Sample Clauses

Assets; Liens and Encumbrances. Geo has never held and does not currently own or use in its business and operations any material tangible personal property assets. There are no Liens with respect to Geo, its assets, businesses or operations except for Liens (a) for taxes not yet delinquent or the validity of which are being contested in good faith by appropriate actions, and (b) on assets leased or licensed by Geo as described in any Schedule hereto, in which case Geo holds a leasehold or licensed interest free and clear of all other Liens except for the lessor’s or licensor’s interest therein. Neither Geo nor any of the Principal Geo Shareholders are aware of (i) any assets of Geo which require substantial repair or replacement, (ii) any manufacturer, supplier or servicer of any assets of Geo which has terminated its operations or suffered a significant adverse change in its condition (financial or otherwise) or (iii) any other facts or circumstances which would materially adversely affect the Surviving Corporation’s ability to obtain repair or replacement products, parts or services with respect to any assets of Geo after the Closing.
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Assets; Liens and Encumbrances. Each of the Borrower and all ------------------------------ Subsidiaries has good and marketable title to each asset it purports to own, and no such asset is subject to any security interest, mortgage or other lien or encumbrance, except for Permitted Liens.
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Assets; Liens and Encumbrances. Immediately after the consummation of the Acquisition, the Borrower will have good and marketable title to all of the issued and outstanding shares of stock of Montek, and none of such shares will be subject to any security interest, mortgage or other lien or encumbrance, except in favor of the Agent. Each of the Borrower and all Domestic Subsidiaries and Directly-Owned Foreign Subsidiaries has good and marketable title to each material asset it purports to own, and no such asset is subject to any security interest, mortgage or other lien or encumbrance, except for Permitted Liens.
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Assets; Liens and Encumbrances. Each of the Borrower and all Domestic Subsidiaries and Directly-Owned Foreign Subsidiaries has good and marketable title to each material asset it purports to own, and no such asset is subject to any security interest, mortgage or other lien or encumbrance, except for-Permitted Liens.
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Related to Assets; Liens and Encumbrances

  • Liens and Encumbrances The Company shall not directly or indirectly make, create, incur, assume or permit to exist any assignment, transfer, pledge, mortgage, security interest or other lien or encumbrance of any nature in, to or against any part of the Pledged Property or of the Company's capital stock, or offer or agree to do so, or own or acquire or agree to acquire any asset or property of any character subject to any of the foregoing encumbrances (including any conditional sale contract or other title retention agreement), or assign, pledge or in any way transfer or encumber its right to receive any income or other distribution or proceeds from any part of the Pledged Property or the Company's capital stock; or enter into any sale-leaseback financing respecting any part of the Pledged Property as lessee, or cause or assist the inception or continuation of any of the foregoing.

  • Title to Properties; Liens and Encumbrances The Company has good and marketable title to all of its material properties and assets, both real and personal, and has good title to all its leasehold interests, in each case subject only to mortgages, pledges, liens, security interests, conditional sale agreements, encumbrances or charges created in the ordinary course of business.

  • Absence of Liens and Encumbrances 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 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, which would not be material to Company.

  • LIENS; ENCUMBRANCES Borrower acknowledges that, to the extent provided in Section 21, the grant, creation or existence of any mortgage, deed of trust, deed to secure debt, security interest or other lien or encumbrance (a "Lien") on the Mortgaged Property (other than the lien of this Instrument) or on certain ownership interests in Borrower, whether voluntary, involuntary or by operation of law, and whether or not such Lien has priority over the lien of this Instrument, is a "Transfer" which constitutes an Event of Default and subjects Borrower to personal liability under the Note.

  • Title to Properties; Absence of Liens and Encumbrances (a) The Company owns no real property, nor has it ever owned any real property. Schedule 2.10(a) sets forth a list of all real property currently leased by the Company, the name of the lessor and the date of the lease and each amendment thereto. All such current leases are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default) by the Company or, to the knowledge of the Company, any other party.

  • Restrictions on Liens and Encumbrances Except for the lien of this Mortgage and the Permitted Exceptions, Mortgagor shall not further mortgage, nor otherwise encumber the Mortgaged Property nor create or suffer to exist any lien, charge or encumbrance on the Mortgaged Property, or any part thereof, whether superior or subordinate to the lien of this Mortgage and whether recourse or non-recourse.

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

  • No Liens or Encumbrances The Corporation has good and marketable title to all of the property and assets, tangible and intangible, employed in the operations of its business, free of any material mortgages, security interests, pledges, easements or encumbrances of any kind whatsoever and except for such property and assets as may be leased by Corporation.

  • Permitted Liens Create or suffer to exist any Lien upon any of its Property, except the following (collectively, “Permitted Liens”):

  • Title to Property and Encumbrances The Company has good and valid title to all properties and assets used in the conduct of its business (except for property held under valid and subsisting leases which are in full force and effect and which are not in default) free of all Liens except Permitted Liens and such ordinary and customary imperfections of title, restrictions and encumbrances as do not in the aggregate constitute a Company Material Adverse Effect.

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