Common use of Property Generally Clause in Contracts

Property Generally. Each Obligor and each of its Subsidiaries has good and marketable title to, or valid leasehold interests in, or license to, all its real and personal property material to its business, including (i) all properties and assets, whether tangible or intangible, relating to its Products or Product Commercialization and Development Activities and (ii) all Material Intellectual Property, in each case, subject only to Permitted Liens.

Property Generally. Each Obligor and each of its Subsidiaries has good and marketable fee simple title to, or valid leasehold interests in, or license to, all its real and personal property material to its business, including (i) all properties and assets, whether tangible or intangible, relating to its Products or Product Commercialization and Development Activities and (ii) all Material Intellectual Property, in each case, subject only to Permitted Liens.

Property Generally. Each With respect to all real and personal assets and properties of each Obligor and each of its Subsidiaries (other than Intellectual Property which is covered in clause (c) below), such Obligor and each of its Subsidiaries has good and marketable valid title to, or valid leasehold interests in, or license to, all its such real and personal property property, whether tangible or intangible, material to its business, including (i) all Products and all properties and assets, whether tangible or intangible, assets of such Obligor and its Subsidiaries relating to its their Products or Product Commercialization and Development Activities and (ii) all Material Intellectual Property, in each caseActivities, subject only to Permitted Liens.

Property Generally. Each Obligor and each of its Subsidiaries has good and marketable title to, or valid leasehold interests in, or license to, all its real and personal property material to its business, including subject only to Permitted Liens and except for minor defects in title that (i) all do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets, whether tangible or intangible, relating to its Products or Product Commercialization and Development Activities for their intended purposes and (ii) all Material Intellectual Property, in each case, subject only could not reasonably be expected to Permitted Liensprevent or interfere with the ability of any Obligor or any of its Subsidiaries to conduct any Product Development and Commercialization Activities with respect to any of its Products.