Common use of Mortgage Property Clause in Contracts

Mortgage Property. (a) To the extent it is not excepted from the lien of the Indenture, the Company has good title to all real property owned by it and good title to all personal property owned by it (except, in each case, such properties as have been released from the lien thereof in accordance with the terms thereof), subject only to the lien of the Indenture (including the lien granted by Section 17.07 thereof in favor of the Trustee thereunder), Permitted Encumbrances (as defined in the Indenture), taxes and assessments not yet delinquent and, as to parts of the Company’s property, easements, conditions, restrictions, leases, and similar encumbrances which do not affect the Company’s use of such property in the usual course of its business, certain minor defects in titles which are not material, defects in titles to certain properties which are not essential to the Company’s business, mechanics’ lien claims being contested or not of record or for the satisfaction or discharge of which adequate provision has been made by the Company and defects which do not in any material way impair the security afforded by the Indenture.

Mortgage Property. (a) To the extent it is not excepted from the lien of the Indenture, the Company has good title to all real property owned by it and good title to all personal property owned by it (except, in each case, such properties as have been released from the lien thereof of the Indenture in accordance with the terms thereof), subject only to (i) the lien of the Indenture Indenture, (including the lien granted by Section 17.07 thereof in favor of the Trustee thereunder), Permitted ii) Excepted Encumbrances (as defined in the Indenture), (iii) taxes and assessments not yet delinquent anddelinquent, (iv) as to parts of the Company’s property, easements, conditions, restrictions, leases, and similar encumbrances which do not affect the Company’s use of such property would not, individually or in the usual course of its businessaggregate be expected to have a Material Adverse Effect, certain minor (v) defects in titles which are not materialwould not, defects individually or in titles the aggregate, be expected to certain properties which are not essential to the Company’s businesshave a Material Adverse Effect, (vi) mechanics’ lien claims being contested or not of record or for the satisfaction or discharge of which adequate provision has been made by the Company or would not, individually or in the aggregate, be expected to have a Material Adverse Effect and (vii) defects which do not in any material Material way impair the security afforded by the Indenture.