Common use of Properties; Liens Clause in Contracts

Properties; Liens. (a) The Company and each Subsidiary has good title to, or valid leasehold interests in, all its real and personal properties and assets material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize its properties and assets for their intended purposes. All such owned properties and assets, and all such leasehold interests, are free and clear of Liens, other than Liens expressly permitted under Section 6.02.

Appears in 7 contracts

Samples: Agreement (Albany International Corp /De/), Credit Facility Agreement (Albany International Corp /De/), Agreement (Albany International Corp /De/)

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Properties; Liens. (a) The Each of the Company and each Subsidiary its Subsidiaries has good title to, or valid leasehold interests in, all its real and personal properties and assets property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize its such properties and assets for their intended purposes. All such owned properties and assets, and all none of such leasehold interestsproperty is subject to any Lien, are free and clear of Liens, other than Liens expressly except as permitted under by Section 6.026.03.

Appears in 1 contract

Samples: Day Credit Agreement (Claiborne Liz Inc)

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Properties; Liens. (ai) The Each of the Company and each Subsidiary its Subsidiaries has good and marketable title to, or valid leasehold interests in, or easements or other limited property interests in, all of its real and personal material properties and assets material to its businessassets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize its such properties and assets for their intended purposes. All such owned material properties and assets, and all such leasehold interests, assets are free and clear of Liens, other than Liens expressly permitted under by Section 6.026A.2.

Appears in 1 contract

Samples: Credit Agreement (Republic Engineered Steels Inc)

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