Common use of Properties; Assets Clause in Contracts

Properties; Assets. Each of the Company and the WFOEs has good and marketable title to its properties and assets owned by it (“Proprietary Assets”, which includes the Intellectual Property) held in each case subject to no mortgage, pledge, lien, encumbrance, security interest or charge of any kind. With respect to the property and assets it leases, each of the Company and the WFOEs is in compliance with such leases and except as disclosed in Exhibit A each of the Company and the WFOEs holds valid leasehold interests in such assets free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets.