Common use of Ownership and Liens Clause in Contracts

Ownership and Liens. Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc)

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Ownership and Liens. The Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests interest reflected in the financial statements referred to in subsection 4.1 Section 4.04. (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 Section 6.01 of this Agreement.

Appears in 4 contracts

Samples: Credit and Term Loan Agreement, Revolving Credit and Term Loan Agreement (Burlington Coat Factory Warehouse Corp), Revolving Credit Agreement (Burlington Coat Factory Warehouse Corp)

Ownership and Liens. The Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 Section 6.01 of this Agreement.

Appears in 4 contracts

Samples: Term Loan Agreement (Community Bankshares Inc /Ga/), Stock Pledge and Security Agreement (Community Bankshares Inc /Ga/), Term Loan Agreement (Community Bankshares Inc /Ga/)

Ownership and Liens. The Borrower and each Subsidiary have has title to, or valid leasehold interests in, all of their respective its properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 (other than any properties or assets disposed of in the ordinary course of business), and none of the such properties and assets owned by the Borrower or any a Subsidiary and none of their leasehold interests is are subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this AgreementPermitted Liens.

Appears in 3 contracts

Samples: Credit Agreement (Us Ecology, Inc.), Revolving Credit Agreement (American Ecology Corp), Credit Agreement (American Ecology Corp)

Ownership and Liens. Borrower Each of the Borrowers and each Subsidiary have its Subsidiaries has title to, or valid leasehold interests in, all of their respective its properties and assets, real and personal, including the properties and properties, assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 Section 7.5 hereof (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower the Borrowers or any Subsidiary of its Subsidiaries and none of their its leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this Agreementunder Section 9.2 hereof.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Geotek Communications Inc), Credit Agreement (Chatterjee Purnendu)

Ownership and Liens. The Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this AgreementSection 6.02.

Appears in 2 contracts

Samples: Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)

Ownership and Liens. The Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests interest reflected in the financial statements referred to in subsection 4.1 herein (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this Agreement.

Appears in 2 contracts

Samples: Credit Loan Agreement (Zevex International Inc), Credit Loan Agreement (Zevex International Inc)

Ownership and Liens. The Borrower and each Consolidated Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets assets, and leasehold interests reflected in the financial statements referred to in subsection 4.1 Section 7.05 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Consolidated Subsidiary and none of their leasehold interests is are subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

Ownership and Liens. The Borrower and each Subsidiary have has title to, or valid leasehold interests in, all of their respective its properties and assets, real and personal, including including, without limitation, the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 (other than any properties or assets disposed of in the ordinary course of business)Collateral, and none of the such properties and assets owned by the Borrower or any a Subsidiary and none of their leasehold interests is are subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this AgreementPermitted Liens.

Appears in 2 contracts

Samples: Term Loan Agreement (American Ecology Corp), Credit Agreement (American Ecology Corp)

Ownership and Liens. The Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests interest reflected in the financial statements referred to in subsection 4.1 Section 4.06. (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 Section 6.01 of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Alliance Semiconductor Corp /De/), Credit Agreement (Alliance Semiconductor Corp /De/)

Ownership and Liens. Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be maybe permitted pursuant to subsection 7.2 Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Promissory Note Agreement (Integrated Environmental Technologies, Ltd.)

Ownership and Liens. The Borrower and each Subsidiary have has title to, or valid leasehold interests in, all of their respective its properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 SECTION 4.4 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary operating within the United States and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 SECTION 6.1 and SECTION 4.14 of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Midway Games Inc)

Ownership and Liens. Borrower Borrowers and each Subsidiary have title to, or ------------------- valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred previously delivered by Borrowers to in subsection 4.1 Bank (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower or Borrowers of any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this AgreementPermitted Liens.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Iprint Technologies Inc)

Ownership and Liens. Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective material properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower or any Subsidiary and none of their leasehold interests is are subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this AgreementPermitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Acorn Energy, Inc.)

Ownership and Liens. The Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests interest reflected in the financial statements referred to in subsection 4.1 herein (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this Agreement.. I.

Appears in 1 contract

Samples: Credit Loan Agreement (Magellan Technology Inc)

Ownership and Liens. The Borrower and each Subsidiary have has title to, or valid leasehold interests in, all of their respective its material properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except except, in each case, such as may be permitted pursuant to subsection 7.2 Section 6.1 of this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Einstein Noah Bagel Corp)

Ownership and Liens. The Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the material properties and or assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Agented Revolving Credit Agreement (Crown Group Inc /Tx/)

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Ownership and Liens. Each Borrower and each Subsidiary have its Subsidiaries has title to, or valid leasehold interests ininterests, in all of their respective its properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Integrated Circuit Systems Inc)

Ownership and Liens. Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests interest reflected in the financial statements referred to in subsection 4.1 Section 4.04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Citizens Bancshares Corp /Ga/)

Ownership and Liens. Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 Section 7.15 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this Agreementfor Permitted Liens.

Appears in 1 contract

Samples: Revolving Credit and Term (Motorvac Technologies Inc)

Ownership and Liens. The Borrower and each Subsidiary have has title to, or valid leasehold interests in, all of their respective its properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 (other than any properties or assets disposed of in the ordinary course of business), and none of the such properties and assets owned by the Borrower or any Subsidiary and none of their its leasehold interests is are subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of this AgreementPermitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Coldwater Creek Inc)

Ownership and Liens. The Borrower and each Subsidiary have good and marketable fee simple title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests interest reflected in the financial statements referred to in subsection 4.1 Section 5.07 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of their leasehold interests is are subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of under this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Granite Falls Community Ethanol Plant LLC)

Ownership and Liens. Borrower and each Restricted Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets assets, and leasehold interests reflected in the financial statements referred to in subsection 4.1 Section 7.05 hereof (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower or any Restricted Subsidiary and none of their leasehold interests is are subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of under this Agreement.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Hampshire Group LTD)

Ownership and Liens. The Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assetsthe Assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection 4.1 personal (other than any properties or assets Assets disposed of in the ordinary course of business)) used in the operation of their respective businesses, and none of the properties and assets Assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except for Liens in favor of the Bank and such as may be permitted pursuant to subsection 7.2 Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Landmark Bancorp Inc)

Ownership and Liens. Borrower and each its Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets assets, and leasehold interests reflected in the financial statements referred to in subsection 4.1 Section 4.05 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower or any its Subsidiary and none of their its leasehold interests is are subject to any Lien, except such as may be permitted pursuant to subsection 7.2 of under this Agreement. The Fund does not own or otherwise have any interest in any properties or assets, real or personal.

Appears in 1 contract

Samples: Term Loan Agreement (Associated Business & Commerce Insurance Corp)

Ownership and Liens. The Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests interest reflected in the financial statements referred to in subsection 4.1 Section 4,04 (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by the Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted pursuant to subsection 7.2 Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lasersight Inc /De)

Ownership and Liens. Borrower and each Subsidiary have title to, or valid leasehold interests in, all of their respective properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the financial statements referred to in subsection Section 4.1 hereof (other than any properties or assets disposed of in the ordinary course of business), and none of the properties and assets owned by Borrower or any Subsidiary and none of their leasehold interests is subject to any Lien, except such as may be permitted for Permitted Liens and liens pursuant to subsection 7.2 of this AgreementSecured Indebtedness permitted under Section 7.1.

Appears in 1 contract

Samples: Credit Agreement (Ashton Houston Residential L.L.C.)

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