Property Generally. Each Account Party and each of its Significant Subsidiaries has good title to, or valid license or leasehold interests in, all its real and personal property material to its business, subject only to Liens permitted by Section 7.03 and 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.
Appears in 6 contracts
Sources: Secured Credit Agreement (Xl Group PLC), Unsecured Credit Agreement (Xl Group PLC), Secured Credit Agreement (Xl Group PLC)
Property Generally. Each Such Account Party and each of its Significant Subsidiaries has good title to, or valid license or leasehold interests in, all its real and personal property material to its business, subject only to Liens permitted by Section 7.03 and 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.
Appears in 6 contracts
Sources: 364 Day Credit Agreement (Xl Capital LTD), Credit Agreement (Xl Capital LTD), Credit Agreement (Xl Capital LTD)
Property Generally. Each Such Account Party and each of its Significant Subsidiaries has good title to, or valid license or leasehold interests in, all its real and personal property material to its business, subject only to Liens permitted by Section 7.03 and 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.
Appears in 3 contracts
Sources: 364 Day Credit Agreement (Xl Capital LTD), Letter of Credit and Reimbursement Agreement (Xl Capital LTD), 364 Day Credit Agreement (Xl Capital LTD)
Property Generally. Each Such Account Party and each of its Significant Subsidiaries has good title to, or valid license or leasehold interests in, all its real and personal property material to its business, subject only to Liens permitted by Section 7.03 6.03 and 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.
Appears in 2 contracts
Sources: Credit Agreement (Security Capital Assurance LTD), Credit Agreement (Security Capital Assurance LTD)
Property Generally. Each Such Account Party and each of its Significant Subsidiaries has good title to, or valid license or leasehold interests in, all its real and personal property material to its business, subject only to Liens permitted by Section 7.03 6.02 and 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.
Appears in 1 contract
Property Generally. Each Such Account Party and each of its Significant Subsidiaries has good title to, or valid license or leasehold interests in, all its real and personal property material to its business, subject only to Liens permitted by Section 7.03 and 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.. THREE-YEAR CREDIT AGREEMENT
Appears in 1 contract
Sources: Credit Agreement (Xl Capital LTD)