Common use of Property and Assets Clause in Contracts

Property and Assets. The Company has good and marketable title to all of its material properties and assets, and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, security interest, lease, charge or encumbrance, other than liens resulting from taxes which have not yet become delinquent and liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, and which have not arisen otherwise than in the ordinary course of business.

Appears in 3 contracts

Samples: Series B Preferred Stock Purchase Agreement (iSpecimen Inc.), Common Stock Purchase Agreement (Itec Environmental Group Inc), Common Stock Purchase Agreement (Itec Environmental Group Inc)

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Property and Assets. The Except as set forth on Schedule 3.17 hereof, the Company has good and marketable title to all of its material properties and assets, and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, security interest, lease, charge or encumbrance, other than liens resulting from taxes which have not yet become delinquent and liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, and which have not arisen otherwise than in the ordinary course of business.

Appears in 2 contracts

Samples: Definitive Stock Purchase Agreement (Childrens Internet Inc), Definitive Stock Purchase Agreement (Children's Internet Holding Company, LLC)

Property and Assets. The Company has good and marketable title to or a ------------------- valid leasehold interest in all of its material properties and assets, which comprise all of the properties and good title to assets necessary or useful for the conduct of its leasehold estates, in each case business and none of such properties or assets is subject to no any mortgage, pledge, lien, security interest, lease, charge or encumbrance, encumbrance other than liens resulting from taxes those the material terms of which have are described on the Disclosure Schedule, or as would not yet become delinquent and liens and encumbrances result in a Material Adverse Effect. The Company is in compliance with all material terms of each lease to which do not in any case it is a party or is materially detract from the value of the property subject thereto or materially impair the operations of the Company, and which have not arisen otherwise than in the ordinary course of businessbound.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Fogdog Inc)

Property and Assets. The Company has good and marketable title to all of its material properties and assets, and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, security interest, lease, charge or encumbrance, other than (i) liens resulting from taxes which have not yet become delinquent and (ii) liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, and which have not arisen otherwise than in the ordinary course of business.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bone Biologics, Corp.)

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Property and Assets. The Company has good and marketable title to all of its material properties and assets, and good title to its leasehold estates, in each case and none of such properties, assets or leasehold estates is subject to no any mortgage, pledge, lien, security interest, lease, charge or encumbrance, encumbrance other than liens resulting from taxes those the material terms of which have not yet become delinquent and liens and encumbrances which do not are described in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, and which have not arisen otherwise than in the ordinary course of business.Exhibit C.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Zhone Technologies Inc)

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