{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "title-to-all", "type": "clause", "offset": [94, 106]}, {"key": "properties-and-assets", "type": "clause", "offset": [120, 141]}, {"key": "latest-audited-balance-sheet", "type": "definition", "offset": [166, 194]}, {"key": "interim-balance-sheet", "type": "definition", "offset": [205, 226]}, {"key": "the-financial-statements", "type": "definition", "offset": [239, 263]}, {"key": "owned-by", "type": "definition", "offset": [273, 281]}, {"key": "otherwise-disposed-of", "type": "definition", "offset": [388, 409]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [433, 467]}, {"key": "consistent-with-past-practice", "type": "clause", "offset": [468, 497]}, {"key": "owned-properties", "type": "definition", "offset": [505, 521]}, {"key": "free-and-clear", "type": "definition", "offset": [525, 539]}, {"key": "liens-securing", "type": "clause", "offset": [600, 614]}, {"key": "contested-in-good-faith", "type": "definition", "offset": [655, 678]}, {"key": "adequate-reserves", "type": "definition", "offset": [689, 706]}, {"key": "real-property-taxes", "type": "definition", "offset": [739, 758]}, {"key": "due-and-payable", "type": "definition", "offset": [767, 782]}, {"key": "rights-of", "type": "clause", "offset": [801, 810]}, {"key": "properties-or-assets", "type": "definition", "offset": [892, 912]}, {"key": "materially-impair", "type": "definition", "offset": [962, 979]}, {"key": "business-operations", "type": "definition", "offset": [980, 999]}, {"key": "leasehold-estates", "type": "definition", "offset": [1324, 1341]}, {"key": "except-for-permitted-encumbrances", "type": "clause", "offset": [1645, 1678]}, {"key": "possession-of-the-properties", "type": "clause", "offset": [1690, 1718]}, {"key": "by-the-lessee", "type": "clause", "offset": [1810, 1823]}, {"key": "to-purchaser", "type": "definition", "offset": [1828, 1840]}, {"key": "the-lessor", "type": "clause", "offset": [1854, 1864]}, {"key": "in-writing", "type": "definition", "offset": [1929, 1939]}, {"key": "condemnation-proceedings", "type": "definition", "offset": [1941, 1965]}, {"key": "the-real-property", "type": "clause", "offset": [1974, 1991]}], "snippet": "Either Purchaser or one of its Subsidiaries (a) has good and, as to real property, marketable title to all the material properties and assets reflected in either the latest audited balance sheet or latest interim balance sheet included in the Financial Statements as being owned by either Purchaser or one of its Subsidiaries or acquired after the date thereof (except properties sold or otherwise disposed of since the date thereof in the ordinary course of business consistent with past practice) (the \u201cOwned Properties\u201d), free and clear of all Liens of any nature whatsoever, except (i) statutory Liens securing payments not yet due or which are being contested in good faith for which adequate reserves have been taken, (ii) Liens for real property Taxes not yet due and payable, (iii) easements, rights of way, and other similar encumbrances that do not materially affect the use of the properties or assets subject thereto or affected thereby or otherwise materially impair business operations at such properties and (iv) such imperfections or irregularities of title or Liens as do not materially affect the use of the properties or assets subject thereto or affected thereby or otherwise materially impair business operations at such properties (collectively, \u201cPermitted Encumbrances\u201d), and (b) is the lessee of all leasehold estates reflected in either the Financial Statements or acquired after the date thereof (except for leases that have expired by their terms since the date thereof) (collectively with the Owned Properties that constitute real property, the \u201cReal Property\u201d), free and clear of all Liens of any nature whatsoever, except for Permitted Encumbrances, and is in possession of the properties purported to be leased thereunder, and each such lease is valid without default thereunder by the lessee or, to Purchaser\u2019s Knowledge, the lessor. There are no pending or, to Purchaser\u2019s Knowledge, threatened (in writing) condemnation proceedings against the Real Property.", "samples": [{"hash": "omArvW3UMD", "uri": "/contracts/omArvW3UMD#properties", "label": "Merger Agreement (Farmers National Banc Corp /Oh/)", "score": 36.8193016052, "published": true}, {"hash": "gdEn1gmofrR", "uri": "/contracts/gdEn1gmofrR#properties", "label": "Merger Agreement (Middlefield Banc Corp)", "score": 36.8193016052, "published": true}, {"hash": "3spCPrR8Guh", "uri": "/contracts/3spCPrR8Guh#properties", "label": "Merger Agreement (Farmers National Banc Corp /Oh/)", "score": 36.8193016052, "published": true}], "size": 276, "hash": "b0e4883579d55b84c60076fe6abfe12b", "id": 4}, {"snippet_links": [{"key": "company-disclosure-letter", "type": "definition", "offset": [27, 52]}, {"key": "true-and-complete-list", "type": "clause", "offset": [66, 88]}, {"key": "date-hereof", "type": "clause", "offset": [100, 111]}, {"key": "owned-in-fee-simple", "type": "definition", "offset": [141, 160]}, {"key": "by-the-company", "type": "clause", "offset": [161, 175]}, {"key": "the-company-subsidiaries", "type": "clause", "offset": [186, 210]}, {"key": "company-owned-real-property", "type": "definition", "offset": [217, 244]}, {"key": "in-the-aggregate", "type": "definition", "offset": [289, 305]}, {"key": "company-material-adverse-effect", "type": "definition", "offset": [367, 398]}, {"key": "company-or-the-company", "type": "definition", "offset": [411, 433]}, {"key": "title-to-all", "type": "clause", "offset": [482, 494]}, {"key": "free-and-clear", "type": "definition", "offset": [531, 545]}, {"key": "permitted-liens", "type": "definition", "offset": [570, 585]}, {"key": "possession-of-the", "type": "clause", "offset": [617, 634]}, {"key": "no-leases", "type": "clause", "offset": [677, 686]}, {"key": "occupancy-agreements", "type": "definition", "offset": [698, 718]}, {"key": "real-property-leases", "type": "clause", "offset": [758, 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"with-respect-to-the-company", "type": "clause", "offset": [1734, 1761]}, {"key": "full-force-and-effect", "type": "definition", "offset": [1848, 1869]}, {"key": "and-the-company", "type": "clause", "offset": [1871, 1886]}, {"key": "company-subsidiary", "type": "clause", "offset": [1892, 1910]}, {"key": "leasehold-interest", "type": "definition", "offset": [1938, 1956]}, {"key": "quiet-use-and-enjoyment", "type": "clause", "offset": [2013, 2036]}, {"key": "no-disputes", "type": "clause", "offset": [2141, 2152]}, {"key": "written-notice-of-default", "type": "clause", "offset": [2277, 2302]}, {"key": "knowledge-of-the-company", "type": "definition", "offset": [2407, 2431]}, {"key": "other-party", "type": "definition", "offset": [2437, 2448]}, {"key": "breach-or-violation", "type": "clause", "offset": [2484, 2503]}, {"key": "default-under", "type": "clause", "offset": [2514, 2527]}, {"key": "no-event", "type": "clause", "offset": [2559, 2567]}, {"key": "delivery-of-notice", "type": "definition", "offset": [2620, 2638]}, {"key": "passage-of-time", "type": "clause", "offset": [2644, 2659]}, {"key": "the-termination", "type": "clause", "offset": [2733, 2748]}, {"key": "acceleration-of-rent", "type": "clause", "offset": [2766, 2786]}, {"key": "no-security-deposit", "type": "clause", "offset": [2954, 2973]}, {"key": "in-respect-of", "type": "definition", "offset": [3061, 3074]}, {"key": "breach-or-default", "type": "clause", "offset": [3077, 3094]}, {"key": "neither-the-company", "type": "definition", "offset": [3172, 3191]}, {"key": "the-future", "type": "clause", "offset": [3240, 3250]}, {"key": "based-on", "type": "definition", "offset": [3251, 3259]}, {"key": "in-existence", "type": "definition", "offset": [3283, 3295]}, {"key": "brokerage-commissions", "type": "definition", "offset": [3301, 3322]}, {"key": "other-security-interest", "type": "definition", "offset": [3474, 3497]}, {"key": "no-liens", "type": "clause", "offset": [3596, 3604]}, {"key": "created-by", "type": "definition", "offset": [3631, 3641]}, {"key": "any-person", "type": "clause", "offset": [3796, 3806]}], "snippet": "(a) Section 4.15(a) of the Company Disclosure Letter sets forth a true and complete list, as of the date hereof, of all of the real property owned in fee simple by the Company or any of the Company Subsidiaries (the \u201cCompany Owned Real Property\u201d). Except in respects that, individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse Effect, either the Company or the Company Subsidiaries: (i) has good and valid fee simple title to all of the Company Owned Real Property, free and clear of all Liens other than Permitted Liens; (ii) is in sole and exclusive possession of the Company Owned Real Property and there are no leases, licenses, occupancy agreements or any other similar arrangement (the \u201cReal Property Leases\u201d) pursuant to which any third party is granted the right to use any Company Owned Real Property, other than Permitted Liens; (iii) has sufficient right of ingress and egress to the Company Owned Real Property in all material respects and enjoys peaceful and quiet possession thereof; and (iv) there are no outstanding options or rights of first offer or refusal to purchase the Company Owned Real Property.\n(b) Section 4.15(b) the Company Disclosure Letter sets forth a true and complete list, as of the date hereof, of all of the real property leased by Company or any of the Company Subsidiaries for which the annual rental value exceeds $5,000,000 pursuant to a Real Property Lease (the \u201cCompany Leased Real Property\u201d and, together with the Company Owned Real Property, the \u201cCompany Real Property\u201d). Except in respects that, individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse Effect, with respect to the Company Leased Real Property and each Real Property Lease: (i) each Real Property Lease is in full force and effect, and the Company or a Company Subsidiary holds a valid and existing leasehold interest under each Real Property Lease; (ii) the possession and quiet use and enjoyment of the Company Leased Real Property under such Real Property Lease has not been disturbed and there are no disputes with respect to any such Real Property Lease; (iii) none of the Company or any Company Subsidiary has given or received any written notice of default pursuant to any such Real Property Lease; (iv) none of the Company or any Company Subsidiary or, to the Knowledge of the Company, any other party to such Real Property Lease, is in breach or violation of, or in default under, such Real Property Lease, and no event has occurred or circumstance exists which, with the delivery of notice, the passage of time or both, would constitute such a breach, violation or default, or permit the termination, modification or acceleration of rent under such Real Property Lease on the part of the Company or any Company Subsidiary, nor, to the Knowledge of the Company, on the part of the other party thereto; (v) no security deposit or portion thereof deposited with respect to such Real Property Lease has been applied in respect of a breach or default under such Real Property Lease which has not been re-deposited in full; (vi) neither the Company nor any Company Subsidiary owes, or will owe in the future based on arrangements currently in existence, any brokerage commissions or finder\u2019s fees with respect to any Real Property Lease; (vii) none of the Company or any Company Subsidiary has collaterally assigned or granted any other security interest in such Real Property Lease or any interest therein, other than Permitted Liens; (viii) there are no Liens on the estate or interest created by such Real Property Lease, other than Permitted Liens; and (ix) none of the Company or any Company Subsidiary has subleased, licensed or otherwise granted any person the right to use or occupy any Company Leased Real Property or any portion thereof.", "samples": [{"hash": "hCTCp4HfFzd", "uri": "/contracts/hCTCp4HfFzd#properties", "label": "Merger Agreement (Ares Management LLC)", "score": 31.2039699554, "published": true}, {"hash": "dK5weOWUEm2", "uri": "/contracts/dK5weOWUEm2#properties", "label": "Merger Agreement (Cincinnati Bell Inc)", "score": 31.1957569122, "published": true}, {"hash": "amaVlvwTFeI", "uri": "/contracts/amaVlvwTFeI#properties", "label": "Merger Agreement (Cincinnati Bell Inc)", "score": 31.1957569122, "published": true}], "size": 357, "hash": "924ba67ee85e0f0fa30fd45ff20a5284", "id": 1}, {"snippet_links": [{"key": "the-company-subsidiaries", "type": "clause", "offset": [24, 48]}, {"key": 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"offset": [715, 724]}, {"key": "purchase-money-indebtedness", "type": "definition", "offset": [845, 872]}, {"key": "consistent-with-past-practice", "type": "clause", "offset": [922, 951]}, {"key": "other-liens", "type": "definition", "offset": [1010, 1021]}, {"key": "title-and-liens", "type": "clause", "offset": [1124, 1139]}, {"key": "material-adverse-effect-on-the-company", "type": "definition", "offset": [1202, 1240]}, {"key": "company-subsidiary", "type": "clause", "offset": [1263, 1281]}, {"key": "agreement-or", "type": "definition", "offset": [1390, 1402]}, {"key": "the-performance", "type": "clause", "offset": [1403, 1418]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [1426, 1458]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [1482, 1529]}, {"key": "breach-of-any", "type": "clause", "offset": [1534, 1547]}, {"key": "agreement-to", "type": "clause", "offset": [1554, 1566]}, {"key": "a-party", "type": "clause", "offset": [1614, 1621]}, {"key": "company-leases", "type": "definition", "offset": [1628, 1642]}, {"key": "could-reasonably-be-expected-to", "type": "definition", "offset": [1665, 1696]}, {"key": "loss-of", "type": "definition", "offset": [1754, 1761]}, {"key": "material-rights", "type": "definition", "offset": [1762, 1777]}, {"key": "delivery-and-performance", "type": "clause", "offset": [1823, 1847]}, {"key": "right-of", "type": "definition", "offset": [1884, 1892]}, {"key": "third-party", "type": "clause", "offset": [1897, 1908]}, {"key": "termination-of", "type": "definition", "offset": [1945, 1959]}, {"key": "assets-of-the-company", "type": "definition", "offset": [2187, 2208]}, {"key": "normal-operating-condition", "type": "definition", "offset": [2271, 2297]}, {"key": "normal-wear-and-tear", "type": "clause", "offset": [2299, 2319]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [2401, 2441]}, {"key": "no-representations-or-warranties", "type": "clause", "offset": [2443, 2475]}, {"key": "property-of-the-company", "type": "clause", "offset": [2535, 2558]}, {"key": "the-business-of-the-company", "type": "clause", "offset": [2627, 2654]}], "snippet": "Each of the Company and the Company Subsidiaries has good, valid and, in the case of real property, marketable fee simple, title to all the material assets and properties that it owns and that are reflected on the Company's consolidated balance sheet as of September 30, 1999, or that were thereafter acquired (except for assets and properties sold, consumed or otherwise disposed of in the ordinary course of business by them since such date), and such assets and properties are owned free and clear of all liens, claims and Encumbrances, except for (a) liens for taxes and assessments not yet due and payable or for taxes the validity of which is being contested in good faith, (b) liens, claims and Encumbrances to secure indebtedness reflected on the Company's consolidated balance sheet as of September 30, 1999, or indebtedness (including purchase money indebtedness) incurred in the ordinary course of business and consistent with past practice after the date thereof, (c) mechanic's, materialmen's and other liens, claims and Encumbrances that have arisen in the ordinary course of business and (d) imperfections of title and liens, claims and Encumbrances the existence of which do not have a Material Adverse Effect on the Company. The Company and each Company Subsidiary is not, nor will the Company or any Company Subsidiary be as a result of the execution and delivery of this Agreement or the performance of its obligations under this Agreement or the consummation of the transactions contemplated by this Agreement, in breach of any lease agreement to which the Company or any Company Subsidiary is a party (the \"Company Leases\") the breach of which could reasonably be expected to have a Material Adverse Effect on the Company or cause a loss of material rights under any Company Lease, and such execution, delivery and performance will not otherwise give rise to any right of any third party to terminate any Company Lease, the termination of which could reasonably be expected to have a Material Adverse Effect on the Company or cause a loss or impairment of material rights under any Company Lease. All the material buildings, structures, equipment and other tangible assets of the Company and the Company Subsidiaries (whether owned or leased) are in normal operating condition (normal wear and tear excepted) and are fit for use in the ordinary course of business of the Company. Notwithstanding anything to the contrary, no representations or warranties set forth in this Section 3.13 shall apply to any personal property of the Company or any Company Subsidiary that is surplus to the operating needs of the business of the Company or any Company Subsidiary as presently conducted.", "samples": [{"hash": "jmmltVr4H7Z", "uri": "/contracts/jmmltVr4H7Z#properties", "label": "Merger Agreement (Advanced Communication Systems Inc)", "score": 18.0, "published": true}, {"hash": "htE7zV3Nknw", "uri": "/contracts/htE7zV3Nknw#properties", "label": "Merger Agreement (Titan Corp)", "score": 18.0, "published": true}], "size": 332, "hash": "41c8cdab4e3617acbb92b767ec74544c", "id": 2}, {"snippet_links": [{"key": "borrower-and-its-subsidiaries", "type": "definition", "offset": [16, 45]}, {"key": "title-to", "type": "clause", "offset": [55, 63]}, {"key": "leasehold-interests", "type": "definition", "offset": [74, 93]}, {"key": "real-and-personal-property", "type": "clause", "offset": [106, 132]}, {"key": "defects-in-title", "type": "clause", "offset": [176, 192]}, {"key": "ability-to", "type": "clause", "offset": [224, 234]}, {"key": "intended-purposes", "type": "clause", "offset": [319, 336]}, {"key": "intellectual-property-material", "type": "definition", "offset": [471, 501]}, {"key": "by-the-borrower", "type": "clause", "offset": [539, 554]}, {"key": "rights-of", "type": "clause", "offset": [603, 612]}, {"key": "any-other-person", "type": "definition", "offset": [613, 629]}, {"key": "in-the-aggregate", "type": "definition", "offset": [687, 703]}, {"key": "material-adverse-effect", "type": "definition", "offset": [753, 776]}], "snippet": "(a) Each of the Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all its real and personal 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 such properties for their intended purposes.\n(b) Each of the Borrower and its Subsidiaries owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to its business, and the use thereof by the Borrower and its Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.", "samples": [{"hash": "70pL1P72N16", "uri": "/contracts/70pL1P72N16#properties", "label": "Credit Agreement (Nextgen Healthcare, Inc.)", "score": 34.5605735779, "published": true}, {"hash": "eKHkCewTbtw", "uri": "/contracts/eKHkCewTbtw#properties", "label": "Revolving Credit Agreement", "score": 30.3408622742, "published": true}, {"hash": "ckNZeARI5Kg", "uri": "/contracts/ckNZeARI5Kg#properties", "label": "Credit Agreement (Quality Systems, Inc)", "score": 29.2518825531, "published": true}], "size": 314, "hash": "5f3f770bf9091642dae142f134e46786", "id": 3}, {"snippet_links": [{"key": "the-company", "type": "clause", "offset": [0, 11]}, {"key": "conduct-of", "type": "clause", "offset": [71, 81]}], "snippet": "The Company owns or leases all such properties as are necessary to the conduct of its operations as presently conducted.", "samples": [{"hash": "c6mTAMdwgl3", "uri": "/contracts/c6mTAMdwgl3#properties", "label": "Underwriting Agreement (Pinnacle Acquisition Corp)", "score": 35.605065024, "published": true}, {"hash": "bu9Me8gb920", "uri": "/contracts/bu9Me8gb920#properties", "label": "Underwriting Agreement (Catalyst Acquisition Corp.)", "score": 35.5722122192, "published": true}, {"hash": "kTlNvex2wKF", "uri": "/contracts/kTlNvex2wKF#properties", "label": "Underwriting Agreement (Pinnacle Acquisition Corp)", "score": 35.5530471802, "published": true}], "size": 258, "hash": "a5f5ed81ade6114d88befb0b68da65c8", "id": 6}, {"snippet_links": [{"key": "agreement-or", "type": "definition", "offset": [31, 43]}, {"key": "previously-disclosed", "type": "definition", "offset": [47, 67]}, {"key": "in-\u2587", "type": "clause", "offset": [68, 72]}, {"key": "financial-statements", "type": "definition", "offset": [82, 102]}, {"key": "in-writing", "type": "definition", "offset": [106, 116]}, {"key": "to-lender", "type": "clause", "offset": [117, 126]}, {"key": "accepted-by", "type": "definition", "offset": [134, 145]}, {"key": "liens-for-taxes", "type": "clause", "offset": [182, 197]}, {"key": "due-and-payable", "type": "definition", "offset": [212, 227]}, {"key": "all-of-borrower", "type": "definition", "offset": [265, 280]}, {"key": "free-and-clear", "type": "definition", "offset": [294, 308]}, {"key": "security-interests", "type": "clause", "offset": [316, 334]}, {"key": "security-documents", "type": "clause", "offset": [361, 379]}, {"key": "financing-statements", "type": "clause", "offset": [383, 403]}, {"key": "relating-to", "type": "definition", "offset": [404, 415]}, {"key": "legal-name", "type": "clause", "offset": [487, 497]}, {"key": "statement-under", "type": "clause", "offset": [546, 561]}], "snippet": "Except as contemplated by this Agreement or as previously disclosed in \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019s financial statements or in writing to Lender and as accepted by \u2587\u2587\u2587\u2587\u2587\u2587, and except for property tax liens for taxes not presently due and payable, Borrower owns and has good title to all of Borrower\u2019s properties free and clear of all Security Interests, and has not executed any security documents or financing statements relating to such properties. All of \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019s properties are titled in Borrower\u2019s legal name, and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 has not used or filed a financing statement under any other name for at least the last five (5) years.", "samples": [{"hash": "64bmtXJtfIX", "uri": "/contracts/64bmtXJtfIX#properties", "label": "Business Loan Agreement (FGI Industries Ltd.)", "score": 37.2491455078, "published": true}, {"hash": "18jC8fiek0p", "uri": "/contracts/18jC8fiek0p#properties", "label": "Credit Agreement (Educational Development Corp)", "score": 37.188911438, "published": true}, {"hash": "2ir1kzLplyU", "uri": "/contracts/2ir1kzLplyU#properties", "label": "Business Loan Agreement (Intelligent Protection Management Corp.)", "score": 36.2881584167, "published": true}], "size": 212, "hash": "7d2bc4738cdc44a99835d9296fd4d2a4", "id": 7}, {"snippet_links": [{"key": "title-to", "type": "clause", "offset": [54, 62]}, {"key": "leasehold-interests", 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{"key": "good-working-condition", "type": "clause", "offset": [1956, 1978]}, {"key": "in-accordance-with", "type": "definition", "offset": [1998, 2016]}, {"key": "business-standards", "type": "clause", "offset": [2025, 2043]}, {"key": "failure-to-satisfy", "type": "clause", "offset": [2070, 2088]}, {"key": "the-foregoing", "type": "definition", "offset": [2089, 2102]}], "snippet": "(a) Each Credit Party has good and defensible title to its material Oil and Gas Properties and good title to its material personal properties (in each case, subject to any Permitted Liens which are permitted to attach thereto) and owns such Oil and Gas Properties, in each case, free and clear of all Liens other than Liens permitted by Section 11.2. After giving full effect to the Liens permitted by Section 11.2, the Borrower or the Subsidiary specified as the owner owns the working interests and net revenue interests attributable to the Hydrocarbon Interests as reflected in the most recently delivered Reserve Report, and the ownership of such properties shall not in any material respect obligate the Borrower or such Subsidiary to bear the costs and expenses relating to the maintenance, development and operations of each such property in an amount in excess of the working interest of each property set forth in the most recently delivered Reserve Report that is not offset by a corresponding proportionate increase in the Borrower\u2019s or such Subsidiary\u2019s net revenue interest in such property.\n(b) All material leases and agreements necessary for the conduct of the business of the Borrower and the Subsidiaries are valid and subsisting, in full force and effect, except to the extent that any such failure to be valid or 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Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934. (other than Permitted Liens) and minor irregularities or deficiencies in title that, individually or in the aggregate, do not materially interfere with its ability to conduct its business as currently conducted or to utilize such property for its intended purpose. The tangible personal property of the Borrower and its Subsidiaries, taken as a whole, (i) is in good operating order, condition and repair (ordinary wear and tear and casualty and condemnation excepted) and (ii) constitutes all the property which is required for the business and operations of the Borrower and its Subsidiaries, as presently conducted.\n(b) Schedule 7.21 of the Disclosure Letter contains a true and complete list of each interest in real property (i) owned by the Borrower and its Subsidiaries (describing the type of interest therein held by the Borrower and its Subsidiaries); and (ii) leased, subleased or otherwise occupied or utilized by the Borrower and its Subsidiaries, as lessee, sublessee, franchisee or licensee (describing the type of interest therein held by the Borrower and its Subsidiaries) and, in each of the cases described in clauses (i) and (ii) of this clause (b), whether any lease requires the consent of the landlord or tenant thereunder, or other party thereto, to the transactions contemplated by the Loan Documents.\n(c) The Borrower and its Subsidiaries have not received any written notice of, nor, to the Knowledge of each Borrower Party, has there occurred any involuntary loss of title, any involuntary loss of, damage to or any destruction of, or any condemnation or other taking (including by any Governmental Authority) of, all or any portion of its property.", "samples": [{"hash": "6hpT2YQqmXy", "uri": "/contracts/6hpT2YQqmXy#properties", "label": "Loan Agreement (Raptor Pharmaceutical Corp)", "score": 24.4633808136, "published": true}, {"hash": "2DFIpPaT0Y1", "uri": "/contracts/2DFIpPaT0Y1#properties", "label": "Loan Agreement (Raptor Pharmaceutical Corp)", "score": 24.3483905792, "published": true}, {"hash": "48qOFoV8o4v", "uri": "/contracts/48qOFoV8o4v#properties", "label": "Loan Agreement (Raptor Pharmaceutical Corp)", "score": 21.1978092194, "published": true}], "size": 262, "hash": "08cf8c6aa53ef6df2dd91ae826e6cec4", "id": 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"directly-or-indirectly", "type": "clause", "offset": [1733, 1755]}, {"key": "other-partnerships", "type": "definition", "offset": [1764, 1782]}, {"key": "limited-liability-companies", "type": "definition", "offset": [1784, 1811]}, {"key": "business-trusts", "type": "clause", "offset": [1813, 1828]}, {"key": "joint-ventures", "type": "clause", "offset": [1830, 1844]}, {"key": "right-of-first-refusal", "type": "definition", "offset": [1876, 1898]}, {"key": "right-to-purchase", "type": "clause", "offset": [1912, 1929]}, {"key": "rights-of-first-refusal", "type": "definition", "offset": [1979, 2002]}, {"key": "rights-to-purchase", "type": "clause", "offset": [2012, 2030]}, {"key": "not-material", "type": "clause", "offset": [2076, 2088]}, {"key": "with-respect-to-the-company", "type": "clause", "offset": [2089, 2116]}, {"key": "public-rights", "type": "clause", "offset": [2252, 2265]}, {"key": "failure-to", "type": "clause", "offset": [2337, 2347]}, {"key": "served-by", "type": "definition", "offset": [2508, 2517]}, {"key": "public-utilities", "type": "clause", "offset": [2522, 2538]}, {"key": "necessary-for", "type": "definition", "offset": [2539, 2552]}, {"key": "current-operations", "type": "clause", "offset": [2557, 2575]}, {"key": "applicable-codes", "type": "clause", "offset": [2853, 2869]}, {"key": "zoning-and-subdivision", "type": "clause", "offset": [2874, 2896]}, {"key": "laws-and-regulations", "type": "clause", "offset": [2897, 2917]}, {"key": "relating-to", "type": "definition", "offset": [3184, 3195]}, {"key": "full-force-and-effect", "type": "definition", "offset": [3238, 3259]}, {"key": "in-default", "type": "clause", "offset": [3443, 3453]}, {"key": "payment-of", "type": "definition", "offset": [3461, 3471]}, {"key": "amounts-due", "type": "definition", "offset": [3476, 3487]}, {"key": "other-default", "type": "clause", "offset": [3520, 3533]}, {"key": "and-the-company", "type": "clause", "offset": [3545, 3560]}, {"key": "no-event", "type": "clause", "offset": [3570, 3578]}, {"key": "passage-of-time", "type": "clause", "offset": [3595, 3610]}, {"key": "giving-of-notice", "type": "clause", "offset": [3618, 3634]}, {"key": "default-under", "type": "clause", "offset": [3663, 3676]}, {"key": "best-knowledge-of-the-company", "type": "definition", "offset": [3834, 3863]}, {"key": "zoning-change", "type": "definition", "offset": [3890, 3903]}, {"key": "other-proceeding", "type": "clause", "offset": [3908, 3924]}, {"key": "access-to-the-properties", "type": "clause", "offset": [4024, 4048]}, {"key": "the-real-property", "type": "clause", "offset": [4292, 4309]}], "snippet": "Except as otherwise disclosed in the General Disclosure Package and the Prospectus: (i) the Company and its subsidiaries have good and marketable title (either in fee simple or pursuant to a valid leasehold interest) to all properties and assets described in the Statutory Prospectus and the Prospectus as being owned or leased, as the case may be, by them and to all properties reflected in the Company\u2019s most recent consolidated financial statements included in the Statutory Prospectus and the Prospectus, and neither the Company nor any of its subsidiaries has received notice of any claim that has been or may be asserted by anyone adverse to the rights of the Company or any subsidiary with respect to any such properties or assets (or any such lease) or affecting or questioning the rights of the Company or any such subsidiary to the continued ownership, lease, possession or occupancy of such property or assets, except for such claims that would not, singly or in the aggregate, have a Material Adverse Effect; (ii) all liens, charges, encumbrances, claims or restrictions on or affecting the properties and assets of the Company or any of its subsidiaries which are required to be disclosed in the Registration Statement, the Statutory Prospectus or the Prospectus are disclosed therein, and all such liens, charges, encumbrances, claims or restrictions which are not disclosed in the Statutory Prospectus and the Prospectus could not reasonably be expected, singly or in the aggregate, to have a Material Adverse Effect; (iii) no person or entity, including, without limitation, any tenant under any of the leases pursuant to which the Company or any of its subsidiaries leases (as lessor) any of its properties (whether directly or indirectly through other partnerships, limited liability companies, business trusts, joint ventures or otherwise) has an option or right of first refusal or any other right to purchase any of such properties, except for such options, rights of first refusal or other rights to purchase which, individually or in the aggregate, are not material with respect to the Company and its subsidiaries considered as one enterprise; (iv) each of the properties of the Company or any of its subsidiaries has access to public rights of way, either directly or through insured easements, except where the failure to have such access would not, singly or in the aggregate, have a Material Adverse Effect; (v) each of the properties of the Company or any of its subsidiaries is served by all public utilities necessary for the current operations on such property in sufficient quantities for such operations, except where the failure to have such public utilities would not, singly or in the aggregate, have a Material Adverse Effect; (vi) each of the properties of the Company or any of its subsidiaries complies with all applicable codes and zoning and subdivision laws and regulations, except for such failures to comply which would not, either individually or in the aggregate, have a Material Adverse Effect; (vii) all of the leases under which the Company or any of its subsidiaries holds or uses any real property or improvements or any equipment relating to such real property or improvements are in full force and effect, except where the failure to be in full force and effect would not, singly or in the aggregate, have a Material Adverse Effect, and neither the Company nor any of its subsidiaries is in default in the payment of any amounts due under any such leases or in any other default thereunder and the Company knows of no event which, with the passage of time or the giving of notice or both, would constitute a default under any such lease, except such defaults that would not, individually or in the aggregate, have a Material Adverse Effect; (viii) there is no pending or, to the best knowledge of the Company, threatened condemnation, zoning change, or other proceeding or action that could in any manner affect the size of, use of, improvements on, construction on or access to the properties of the Company or any of its subsidiaries, except such proceedings or actions that, either singly or in the aggregate, would not have a Material Adverse Effect; and (ix) neither the Company nor any of its subsidiaries nor any lessee of any of the real property or improvements of the Company or any of its subsidiaries is in default in the payment of any amounts due or in any other default under any of the leases pursuant to which the Company or any of its subsidiaries leases (as lessor) any of its real property or improvements (whether directly or indirectly through partnerships, limited liability companies, joint ventures or otherwise), and the Company knows of no event which, with the passage of time or the giving of notice or both, would constitute such a default under any of such leases, except such defaults as would not, individually or in the aggregate, have a Material Adverse Effect.", "samples": [{"hash": "4Mzey6zDeoN", "uri": "/contracts/4Mzey6zDeoN#properties", "label": "Purchase Agreement (Realty Income Corp)", "score": 30.4483222961, "published": true}, {"hash": "4S3chlQ3TB", "uri": "/contracts/4S3chlQ3TB#properties", "label": "Purchase Agreement (Realty Income Corp)", "score": 30.3497600555, "published": true}, {"hash": "6wXxt9ialcI", "uri": "/contracts/6wXxt9ialcI#properties", "label": "Purchase Agreement (Realty Income Corp)", "score": 29.238193512, "published": true}], "size": 191, "hash": "cc3b4e9179df59e6b9533d6d0ea48498", "id": 8}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNwcm9wZXJ0aWVzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["representations-and-warranties", "Representations and Warranties"], ["representations-and-warranties-of-the-company", "REPRESENTATIONS AND WARRANTIES OF THE COMPANY"], ["representations-warranties-and-agreements", "Representations, Warranties and Agreements"], ["miscellaneous", "Miscellaneous"], ["covenants-of-the-company", "Covenants of the Company"]], "title": "Properties", "size": 18329, "children": [["intellectual-property", "Intellectual Property"], ["title", "Title"], ["real-estate", "Real Estate"], ["property-generally", "Property Generally"], ["title-generally", "Title Generally"]], "id": "properties", "related": [["assets", "Assets", "Assets"], ["property", "Property", "Property"], ["real-properties", "Real Properties", "Real <strong>Properties</strong>"], ["the-properties", "The Properties", "The <strong>Properties</strong>"], ["properties-and-leases", "Properties and Leases", "<strong>Properties</strong> and Leases"]], "related_snippets": [], "updated": "2026-08-13T04:22:21+00:00", "also_ask": ["What essential elements must be included in a 'Properties' clause to ensure clear asset identification?", "How can the 'Properties' clause be strategically drafted to maximize client protection in asset disputes?", "What are the most common risks or ambiguities in 'Properties' clauses that could undermine enforceability?", "How does the treatment of 'Properties' clauses differ across key jurisdictions or under different legal systems?", "What standards do courts apply when interpreting or enforcing 'Properties' clauses in litigation?"], "drafting_tip": "Define 'Properties' precisely to avoid ambiguity; specify ownership and usage rights to prevent disputes; list included and excluded items to ensure clarity.", "explanation": "The 'Properties' clause defines the specific assets, items, or rights that are subject to the agreement. It typically lists or describes the properties involved, such as real estate, equipment, intellectual property, or other tangible or intangible assets, and may include identifying details like addresses, serial numbers, or legal descriptions. By clearly specifying what is included or excluded, this clause ensures both parties have a mutual understanding of the subject matter, reducing the risk of disputes over what is covered by the contract."}, "json": true, "cursor": ""}}