Properties, Priority of Liens. The liens which have been created and granted by the Pledge Agreement constitute valid, first liens on the properties and assets covered by the Pledge Agreement, subject to no prior or equal lien.
Properties, Priority of Liens. The Borrower has or will have upon the Closing Date good, marketable and insurable fee simple title of record to the Properties, free and clear of any Lien of any nature whatsoever, except as permitted by Section 7.4 hereof.
Properties, Priority of Liens. All of the properties and assets owned by the Borrower and the Guarantors are owned by each of them, respectively, free and clear of any Lien of any nature whatsoever, except as provided for in the Security Documents, and Permitted Liens.
Properties, Priority of Liens. All of the properties and assets owned by the Borrower and the Guarantors (excluding HIL) are owned by each of them, respectively, free and clear of any Lien of any nature whatsoever, except as provided for in the Security Documents, and Permitted Liens. The Liens that, simultaneously with the execution and delivery of this Agreement and the consummation of the initial extensions of credit, have been created and granted by the Security Documents constitute valid perfected first Liens on the properties and assets covered by the Security Documents, subject to no prior or equal Lien except Permitted Liens.
Properties, Priority of Liens. All of the Collateral is owned by Borrowers, free and clear of any Lien of any nature whatsoever, except as provided for in the Security Documents to be executed and delivered pursuant hereto. The Liens which will be created and granted by the Security Documents upon their execution and delivery by the parties thereto, will thereupon and thereafter constitute valid first Liens on the properties and assets covered by the Security Documents as security for the Secured Obligations, subject to no Lien other than in favor of the Lenders.
Properties, Priority of Liens. All of the properties and assets covered by any Security Document and owned by the respective Borrowers and each other Loan Party that is executing a Security Document are owned by each of them, respectively, free and clear of any Lien of any nature whatsoever, except as provided for in the Security Documents, and as permitted by Section 7.2 hereof. The Liens that, simultaneously with the execution and delivery of this Agreement and the consummation of the initial Loans, have been created and granted by the Security Documents constitute valid perfected first Liens on the properties and assets covered by the Security Documents, subject to no prior or equal Lien except as permitted by Section 7.2 hereof.
Properties, Priority of Liens. As of the Funding Date of each Lease Financing Loan, the Borrower will have good and marketable title to the related Pledged Assets, free and clear of any Lien of any nature whatsoever, except for Permitted Liens and the rights of the Lessees under the related Business Leases. The Liens which will be created and granted to the Lender by this Agreement and any other Operative Document shall constitute valid first priority Liens on the Pledged Assets, subject to no Lien other than Permitted Liens.
Properties, Priority of Liens. All of the properties and assets owned by the Borrower and each Guarantor are owned by each of them, respectively, free and clear of any Lien of any nature whatsoever, except as provided for in the Security Documents, and as permitted by Section 7.2 hereof. The Liens that, simultaneously with the execution and delivery of this Agreement and the consummation of the initial Loans, have been created and granted by the Security Documents constitute valid perfected first Liens on the properties and assets covered by the Security Documents, subject to no prior or equal Lien except as permitted by Section 7.2 hereof.
Properties, Priority of Liens. The Borrower and each Subsidiary has good and marketable title to all of its properties and assets, including all Engines and Equipment, reflected as being owned by it in its most recent financial statements, as well as all other assets and properties acquired subsequent to the date thereof (other than assets and properties disposed of in the ordinary course of business) free and clear of any Lien of any nature whatsoever, except (i) the rights of Lessees pursuant to and to the extent permitted by such Leases and (ii)
Properties, Priority of Liens. All of the properties and assets owned by the Borrower are owned free and clear of any Lien of any nature whatsoever other than Permitted Liens, except as provided for in the Security Documents, and as permitted by Exhibit C annexed hereto. The Liens which, simultaneously with the execution and delivery of this Agreement and the consummation of the Facilitys, have been created and granted by the Security Documents constitute valid perfected first Liens on the properties and assets covered by the Security Documents, subject to no prior or equal Lien except those, if any, referred to on Exhibit C annexed hereto as being prior or equal to such Liens so created and granted by the Security Documents.
