Common use of Ownership of Property; Liens; Investments Clause in Contracts

Ownership of Property; Liens; Investments. (a) The Borrower and each Subject Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conducted, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Alliant Techsystems Inc), Credit Agreement (Alliant Techsystems Inc), Credit Agreement (Alliant Techsystems Inc)

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Ownership of Property; Liens; Investments. (a) The Each of the Borrower and each Subject Subsidiary its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Nu Skin Enterprises, Inc.), Credit Agreement (Nu Skin Enterprises Inc), Credit Agreement (Nu Skin Enterprises Inc)

Ownership of Property; Liens; Investments. (a) The Parent Borrower and each Subject Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conducted, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Materially Adverse Effect.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Vista Outdoor Inc.), Credit Agreement (Vista Outdoor Inc.), Term Loan Credit Agreement (Vista Outdoor Inc.)

Ownership of Property; Liens; Investments. (a) The Borrower and each Subject Subsidiary of its Subsidiaries has good record and marketable legal title in fee simple to, or valid leasehold interests in, all real property necessary or used in to the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and such other defects in title as could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Subordinated Term Loan Agreement (Quantum Corp /De/), Senior Subordinated Term Loan Agreement (Quantum Corp /De/)

Ownership of Property; Liens; Investments. (a) The Borrower Borrowers and each Subject Subsidiary has of their respective Subsidiaries have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and such other defects in title as could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (GTT Communications, Inc.), Credit Agreement (GTT Communications, Inc.)

Ownership of Property; Liens; Investments. (a) The Borrower and each Subject Subsidiary of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold leasehold, easement or other sufficient real property interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Patriot Coal CORP), Credit Agreement (Patriot Coal CORP)

Ownership of Property; Liens; Investments. (a) The Parent Borrower and each Subject Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conducted, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Vista Outdoor Inc.), Revolving Credit Agreement (Vista Outdoor Inc.)

Ownership of Property; Liens; Investments. (a) The Borrower and each Subject Subsidiary of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and such other defects in title as could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Ashland Inc.), Credit Agreement (Ashland Inc.)

Ownership of Property; Liens; Investments. (a) The Each of the Borrower and each Subject Subsidiary has its Subsidiaries have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The property of the Borrower and its Subsidiaries is subject to no Liens, other than Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Dynamics Research Corp), Senior Subordinated Loan Agreement (Dynamics Research Corp)

Ownership of Property; Liens; Investments. (a) The Borrower and each Subject Subsidiary of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Saga Communications Inc), Credit Agreement (Saga Communications Inc)

Ownership of Property; Liens; Investments. (a) The Borrower and each Subject Subsidiary of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and (i) such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse EffectEffect and (ii) Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Hill International, Inc.), Credit Agreement (Hill International, Inc.)

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Ownership of Property; Liens; Investments. (a) The Borrower and each Subject Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Possession Credit Agreement (Quantum Fuel Systems Technologies Worldwide, Inc.)

Ownership of Property; Liens; Investments. (a) The Borrower and each Subject Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct Ordinary Course of its business as it is currently conductedBusiness, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have result in a Material Adverse EffectChange.

Appears in 1 contract

Samples: Possession Credit Agreement (First Mariner Bancorp)

Ownership of Property; Liens; Investments. (axvi) The Borrower and each Subject Subsidiary of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Standex International Corp/De/)

Ownership of Property; Liens; Investments. (a) The Borrower and each Subject Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conducted, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Alliant Techsystems Inc)

Ownership of Property; Liens; Investments. (a) The Parent Borrower and each Subject Subsidiary has (i) good record and marketable title in fee simple to all of its Eligible Real Property and (ii) good record and marketable title in fee simple to, or valid leasehold interests in, all other real property necessary or used in the ordinary conduct of its business as it is currently conducted, except except, in each case, for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Vista Outdoor Inc.)

Ownership of Property; Liens; Investments. (a) The Each of the Borrower and each Subject Subsidiary of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business as it is currently conductedbusiness, except for Permitted Liens and such other defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Athenahealth Inc)

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