Common use of Properties Clause in Contracts

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 35 contracts

Samples: Financing Agreement (AgileThought, Inc.), Financing Agreement (Waldencast Acquisition Corp.), Financing Agreement (SMTC Corp)

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Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 27 contracts

Samples: Financing Agreement (Motorcar Parts America Inc), Financing Agreement (Redback Networks Inc), Financing Agreement (Motorcar Parts America Inc)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and conditioncondition for the purpose of the conduct of the business of the Loan Parties, ordinary wear and tear and casualty events excepted.

Appears in 10 contracts

Samples: Financing Agreement (Funko, Inc.), Credit Agreement (Funko, Inc.), Financing Agreement (Funko, Inc.)

Properties. (i) Each Loan Party has good and marketable title to, or valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, Liens except Permitted Liens. All such The properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 7 contracts

Samples: Financing Agreement (Frederick's of Hollywood Group Inc /Ny/), Financing Agreement (Frederick's of Hollywood Group Inc /Ny/), Financing Agreement (High Voltage Engineering Corp)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All Except as would not reasonably be expected to have a Material Adverse Effect, all such properties and assets are in good working order operating condition and conditionrepair, ordinary wear and tear excepted.

Appears in 6 contracts

Samples: First Lien Credit Agreement (Gannett Co., Inc.), Credit Agreement (Gannett Co., Inc.), Credit Agreement (Gannett Co., Inc.)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted LiensLiens and except for defects in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 5 contracts

Samples: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc)

Properties. (a) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 3 contracts

Samples: Credit Agreement (Deep Down, Inc.), Intercreditor Agreement (U.S. Well Services, Inc.), Senior Secured Credit Agreement (U.S. Well Services, Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid fee or leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 3 contracts

Samples: Financing Agreement (Life Sciences Research Inc), Financing Agreement (Life Sciences Research Inc), Financing Agreement (Life Sciences Research Inc)

Properties. (i) Each Loan Party and each of its Subsidiaries has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 2 contracts

Samples: Credit Agreement (Progressive Gaming International Corp), Junior Credit Agreement (SCG Financial Acquisition Corp.)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all tangible property and assets material to its business, free and clear of all Liens, except Permitted LiensLiens and, solely as to leasehold interests, except to the extent the failure to have such valid leasehold interests could not reasonably be expected to have a Material Adverse Effect. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty and condemnation excepted.

Appears in 2 contracts

Samples: Financing Agreement (Unique Logistics International, Inc.), Financing Agreement (Unique Logistics International, Inc.)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear and damage caused by casualty (pending timely repair or replacement) excepted.

Appears in 2 contracts

Samples: Financing Agreement (Propel Media, Inc.), Financing Agreement (Propel Media, Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 2 contracts

Samples: Financing Agreement (Milacron Inc), Financing Agreement (Milacron Inc)

Properties. (i) Each Loan Party has owns (with good and marketable title toin the case of real property, subject only to the matters permitted by the following sentence), or has valid leasehold interests in, in or valid licenses to use, all property properties and assets material to its business, including, without limitation, coal and any other compound or mineral, free and clear of all Liens, Liens except Permitted Liens. All such properties and assets are free and clear of all Liens except Permitted Liens. The real and personal properties of each Loan Party are generally in good working order operating order, condition and conditionrepair, ordinary wear and tear excepted.

Appears in 2 contracts

Samples: Financing Agreement (Westmoreland Resource Partners, LP), Financing Agreement

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, in or valid licenses to use, use all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets necessary for the Loan Parties to conduct their business are in good working order and condition, ordinary wear and tear excepted.

Appears in 2 contracts

Samples: Financing Agreement (Delek US Holdings, Inc.), Financing Agreement (Delek US Holdings, Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all Facilities and other property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.. 9482/74344-002 current/44725066v15

Appears in 2 contracts

Samples: Financing Agreement (Angie's List, Inc.), Financing Agreement (Angie's List, Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such its tangible properties and assets are in good working order and condition, ordinary wear and tear tear, casualty and loss excepted, except as could not reasonably be expected (either individually or in the aggregate) to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Lantheus MI Intermediate, Inc.), Credit Agreement (Lantheus Medical Imaging, Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty excepted.

Appears in 2 contracts

Samples: Abl Financing Agreement (Limbach Holdings, Inc.), Financing Agreement (Limbach Holdings, Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets necessary for the Loan Parties to conduct their business are in good working order and condition, ordinary wear and tear excepted.

Appears in 2 contracts

Samples: Financing Agreement (Delek US Holdings, Inc.), Financing Agreement (Delek US Holdings, Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid and subsisting leasehold interests in, or valid and subsisting licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 2 contracts

Samples: Financing Agreement (Oglebay Norton Co /Ohio/), Financing Agreement (Oglebay Norton Co /Ohio/)

Properties. (i) Each Loan Party has good and ---------- marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 2 contracts

Samples: Financing Agreement (Solutia Inc), Financing Agreement (Solutia Inc)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, in or valid licenses to use, all property and assets material to its business, free and clear of all Liens, Liens except Permitted Liens. All such The properties and assets are in good working order and condition, ordinary wear and tear and damage due to casualty (to the extent such damage due to casualty is fully covered by insurance) excepted.

Appears in 2 contracts

Samples: Financing Agreement (Enherent Corp), Financing Agreement (Enherent Corp)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted. No Loan Party has possession of any property on consignment to that Loan Party, except as listed on Schedule 5.01(o)(i), and those as to which the Loan Parties notify the Agent in accordance with the provisions of Section 7.03.

Appears in 2 contracts

Samples: Senior Convertible Loan Agreement (Value City Department Stores Inc /Oh), Financing Agreement (Value City Department Stores Inc /Oh)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty and condemnation excepted.

Appears in 2 contracts

Samples: Financing Agreement (Cherokee Inc), Financing Agreement (Cherokee Inc)

Properties. Each Loan Party and each Subsidiary has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all tangible property and assets material to its business, free and clear of all Liens, except Permitted LiensLiens and, solely as to leasehold interests, except to the extent the failure to have such valid leasehold interests could not reasonably be expected to have a Material Adverse Effect. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty (to the extent fully covered by insurance subject to a deductible) and condemnation excepted.

Appears in 1 contract

Samples: Financing Agreement (Harvard Bioscience Inc)

Properties. (i) Each Loan Party has and its Subsidiaries have good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Russ Berrie & Co Inc)

Properties. (i) Each Designated Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except except, with respect to all Facilities subject to a Mortgage, those exceptions set forth in the applicable Title Insurance Policy and, with respect to all other property and assets, any Permitted LiensLien. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Allied Holdings Inc)

Properties. Each Loan Party and each Subsidiary thereof has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear exceptedand casualty and condemnation events excepted and except to the extent the failure to be in such order or condition could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Financing Agreement (Orthofix Medical Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty (to the extent fully covered by insurance subject to a deductible) and condemnation excepted.. 91

Appears in 1 contract

Samples: Credit Agreement (Boxlight Corp)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets (other than the Loan Parties' Facilities) material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Loan Agreement (Otelco Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all material property and assets material to its businessassets, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.excepted and except to the extent the failure to have such properties and assets in good working order and condition could not reasonably be expected (either individually or in the aggregate) to have a Material Adverse Effect

Appears in 1 contract

Samples: Financing Agreement (Dico, Inc.)

Properties. (i) Each Loan Party has good and marketable indefeasible title ---------- to, or valid leasehold interests in, in or valid licenses to use, all property and assets material to its business, free and clear of all Liens, Liens except Permitted Liens. All such The properties and assets are generally in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Lernout & Hauspie Speech Products Nv)

Properties. (2) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (MDC Partners Inc)

Properties. (a) Each Loan Party has good and marketable title to, or valid leasehold interests in, or valid licenses to use, all property and assets material to its businessbusiness (collectively, the “Properties”), free and clear of all Liens, except Permitted Liens. All such properties and assets The Properties are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Loan and Security Agreement (Lazy Days R.V. Center, Inc.)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.. 71

Appears in 1 contract

Samples: Financing Agreement (OptimizeRx Corp)

Properties. Each (i) After giving effect to the Equity Investment, each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Gordon Biersch Brewery Restaurant Group, Inc.)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except (i) Permitted LiensLiens and (ii) for such defects in title that, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Kludein I Acquisition Corp)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free 101 and clear of all Liens, except Permitted LiensLiens and except for defects in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Alj Regional Holdings Inc)

Properties. (i) Each Loan Party has good and marketable indefeasible title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Credit Agreement (Packaged Ice Inc)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid governmental or regulatory licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Spark Networks SE)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear - 80 - of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Remark Holdings, Inc.)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear exceptedexcepted except to the extent the failure to be in such order or condition could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Financing Agreement (Spire Global, Inc.)

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Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty excepted.

Appears in 1 contract

Samples: Financing Agreement (KushCo Holdings, Inc.)

Properties. Each (i) The Parent and each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property (including real or heritable property) and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Foster Wheeler LTD)

Properties. (a) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets (other than the Loan Parties’ Facilities) material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Subordinated Loan Agreement (Otelco Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material necessary to the operation of its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (OTG EXP, Inc.)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty events excepted.

Appears in 1 contract

Samples: Financing Agreement (Hc2 Holdings, Inc.)

Properties. (a) Each Loan Party has good and marketable title to, or valid leasehold interests in, or valid licenses to use, all property and assets material to its businessbusiness (collectively, the "Properties"), free and clear of all Liens, Liens except Permitted Liens. All such properties and assets The Properties are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Loan and Security Agreement (Numatics Inc)

Properties. (i) Each Loan Party and each of their respective Subsidiaries has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Magnetek Inc)

Properties. (1)(i) Each Loan Party and each of its Subsidiaries has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Credit Agreement (SCG Financial Acquisition Corp.)

Properties. Each (i)Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty (to the extent fully covered by insurance subject to a deductible) and condemnation excepted.. ​

Appears in 1 contract

Samples: Credit Agreement (Boxlight Corp)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear exceptedtear, casualty and condemnation excepted except to the extent the failure to be in such order or condition could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Financing Agreement (Colonnade Acquisition Corp. II)

Properties. Each Designated Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except except, with respect to all Facilities subject to a Mortgage, those exceptions set forth in the applicable Title Insurance Policy and, with respect to all other property and assets, any Permitted LiensLien. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Allied Holdings Inc)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to the operation of its business, free and clear of all Liens, except Permitted Liens. All Except as disclosed in writing to the Agents on the Effective Date, all such properties and assets material to the operation of its business are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Horizon Offshore Inc)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such material properties and assets of the Loan Parties are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Ahl Services Inc)

Properties. (i) Each Loan Party has good and marketable indefeasible title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such Such properties and assets are in all material respects in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Omega Protein Corp)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted LiensLiens (except for defects in title that do not materially interfere with its ability to conduct its business as currently conducted). All such properties and assets are in good working order and condition, ordinary wear and tear and casualty and condemnation excepted.

Appears in 1 contract

Samples: Financing Agreement (Cherokee Inc)

Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liensbusiness as then being conducted. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty excepted, except to the extent that the failure to be in such condition could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Rocket Companies, Inc.)

Properties. (1) Each Loan Party and each of its Subsidiaries has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Credit Agreement (RMG Networks Holding Corp)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.. 68

Appears in 1 contract

Samples: Financing Agreement (Milacron Inc)

Properties. Each Loan Party has good and marketable legal title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted LiensLiens (except for defects in title that do not materially interfere with its ability to conduct its business as currently conducted). All such properties and assets are in good working order and condition, ordinary wear and tear and casualty and condemnation excepted.

Appears in 1 contract

Samples: Financing Agreement (Avid Technology, Inc.)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses or other rights to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Lakes Entertainment Inc)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets (other than Oil and Gas Properties) material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets constituting personalty are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Credit Agreement (KCS Energy Inc)

Properties. (%4) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all tangible property and assets material to its business, free and clear of all Liens, except Permitted LiensLiens and, solely as to leasehold interests, except to the extent the failure to have such good and marketable title could not reasonably be expected to have a Material Adverse Effect. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty (to the extent fully covered by insurance subject to a deductible) and condemnation excepted.

Appears in 1 contract

Samples: Financing Agreement (Ezcorp Inc)

Properties. (i) Each Loan Party has good and marketable title to, valid freehold or leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Metallurg Inc)

Properties. (i) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear and casualty (to the extent fully covered by insurance subject to a deductible) and condemnation excepted.

Appears in 1 contract

Samples: Credit Agreement (Stronghold Digital Mining, Inc.)

Properties. (1) Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Motorcar Parts America Inc)

Properties. (i) Each Loan Party has good and marketable title to, or valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (LTV Corp)

Properties. Each (i) Except with respect to its Oil and Gas Properties, each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Financing Agreement (Atp Oil & Gas Corp)

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