Common use of Good title to assets Clause in Contracts

Good title to assets. Save to the extent disposed of in a manner permitted by the terms of any of the Finance Documents with effect from and after the Effective Date, it and each of its Subsidiaries has a good, valid and marketable title to, or valid leases or licences of, and all appropriate Authorisations to use, the assets used to carry on its business as presently conducted other than where failure to do so is not likely to have a Material Adverse Effect except where title has passed to owners of any Real Estate pursuant to §§ 946, 94 BGB (German Civil Code). This is not a Repeating Representation.