ASSETS, NO LIENS Sample Clauses

ASSETS, NO LIENS. Borrower and each of its Subsidiaries has good and marketable title to, or valid leasehold interest in, all of its real property and good title to all its personal property, including assets carried on its books and reflected in the financial statements furnished to Lender herewith, subject to no Liens except for (i) Liens permitted under Section 5.3 hereof, or (ii) inventory sold or otherwise disposed of in the ordinary course of its business.
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ASSETS, NO LIENS. Each Credit Party has good and marketable title or the contractual right to use or possess its assets sufficient for the conduct of its business and none of such assets is subject to any Lien except for Permitted Liens.