Common use of Rights in Properties; Liens Clause in Contracts

Rights in Properties; Liens. Each Borrower, Guarantor and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets and leasehold interests reflected in the financial statements described in Section 6.2, and none of the properties, assets or leasehold interests of any Borrower, Guarantor or any Subsidiary is subject to any Lien, except as permitted by this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Horizon Offshore Inc), Loan Agreement (Horizon Offshore Inc)

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Rights in Properties; Liens. Each Borrower, Guarantor Borrower and each Subsidiary have good and indefeasible marketable title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets and leasehold interests reflected in the financial statements described in Section 6.2, and none of the properties, assets or leasehold interests of any Borrower, Guarantor Borrower or any Subsidiary is subject to any Lien, except as permitted by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Remote Knowledge Inc), Loan Agreement (Global Geophysical Services Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in all material respects in their respective properties and assets, real and personal, including the properties, assets and leasehold interests reflected in the financial statements described in Section 6.28.2, and none of the properties, assets or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSection 10.2.

Appears in 2 contracts

Samples: Credit Agreement (T-3 Energy Services Inc), Credit Agreement (Veritas DGC Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each --------------------------- Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including including, as of the Closing Date, the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.29.2 hereto, and none of the such properties, assets assets, ----------- or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this Agreement.Section 11.2

Appears in 2 contracts

Samples: Credit Agreement (Imperial Financial Group Inc), Credit Agreement (Imperial Financial Group Inc)

Rights in Properties; Liens. Each Borrower, Guarantor Borrower and each Subsidiary have good and indefeasible marketable title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets and leasehold interests reflected in the financial statements described in Section 6.27.2, and none of the properties, assets or leasehold interests of any Borrower, Guarantor Borrower or any Subsidiary is subject to any Lien, except as permitted by this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Sharps Compliance Corp), Loan Agreement (Sharps Compliance Corp)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each --------------------------- Significant Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.28.2, and none of the properties, assets ----------- assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Significant Subsidiary is subject to any Lien, except as permitted by this Agreement.Section 10.2. ------------

Appears in 2 contracts

Samples: Credit Agreement (Cellstar Corp), Credit Agreement (Cellstar Corp)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.27.2, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSection 9.2.

Appears in 2 contracts

Samples: Credit Agreement (Dave & Busters Inc), Credit Agreement (Software Spectrum Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible marketable title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.28.2, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSection 10.2.

Appears in 1 contract

Samples: Credit Agreement (Pride Petroleum Services Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.28.2, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this Agreementthe Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.27.2, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementPermitted Liens.

Appears in 1 contract

Samples: Credit Agreement (First Wave Marine Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.2SECTION 8.2 hereto, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this Agreement.SECTION 10.2

Appears in 1 contract

Samples: Credit Agreement (Snelling & Snelling Inc)

Rights in Properties; Liens. Each Borrower, Guarantor Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.2, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor Borrower or any Subsidiary is subject to any Lien, except as permitted by this Agreement.Section 8.2. Section 6.7

Appears in 1 contract

Samples: Credit Agreement (Craftmade International Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.27.2, and and, to the best of Borrower's knowledge, none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSection 9.2.

Appears in 1 contract

Samples: Loan Agreement (Pizza Inn Inc /Mo/)

Rights in Properties; Liens. Each Borrower, Guarantor Parent and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets and leasehold interests reflected in the financial statements described in Section 6.2, and none of the properties, assets or leasehold interests of any Borrower, Guarantor Parent or any Subsidiary is subject to any Lien, except as permitted by this Agreement.

Appears in 1 contract

Samples: Guaranteed Loan Agreement (Horizon Offshore Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assetsproperties, real and personal, including the properties, assets properties and leasehold interests reflected in the financial statements described in Section 6.2, and none of the properties, assets properties or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except except, as of the Closing Date, as set forth on Schedule 8.2 hereto, and at all times after the Closing Date, as permitted by this AgreementSection 8.2.

Appears in 1 contract

Samples: Loan Agreement (Uici)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Restricted Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.28.2, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Restricted Subsidiary is subject to any Lien, except as permitted by this AgreementPermitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Drypers Corp)

Rights in Properties; Liens. Each BorrowerThe Parent Guarantor, Guarantor each Borrower and each Subsidiary have good and indefeasible marketable title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.2SECTION 8.2, and none of the properties, assets assets, or leasehold interests of the Parent Guarantor, any Borrower, Guarantor Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSECTION 10.2.

Appears in 1 contract

Samples: Credit Agreement (Pride International Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.28.2, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSection 10.2.

Appears in 1 contract

Samples: Credit Agreement (Horizon Health Corp /De/)

Rights in Properties; Liens. Each Borrower, Guarantor Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section SECTION 6.2, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor Borrower or any Subsidiary is subject to any Lien, except as permitted by this Agreement.SECTION 8.2. Section 6.7

Appears in 1 contract

Samples: Credit Agreement (Craftmade International Inc)

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Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Restricted Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.28.2 other than imperfections or burdens that do not in the aggregate materially detract from the value thereof, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Restricted Subsidiary is subject to any Lien, except as permitted by this Agreementthe Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in all material respects in their respective properties and assets, real and personal, including the properties, assets and leasehold interests reflected in the financial statements described in Section 6.2, and none of the properties, assets or leasehold interests of any Borrower, Guarantor or any Subsidiary is subject to any Lien, except as permitted by this Agreement.the

Appears in 1 contract

Samples: Security Agreement (Veritas DGC Inc)

Rights in Properties; Liens. Each Borrower, Guarantor Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section SECTION 6.2, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSECTION 8.2.

Appears in 1 contract

Samples: Guaranty Agreement (Craftmade International Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.2, except for such defect in title as could not reasonably be expected to have a Material Adverse Effect, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSection 8.2.

Appears in 1 contract

Samples: Loan Agreement (Spacehab Inc \Wa\)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.24.2, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSection 6.2.

Appears in 1 contract

Samples: Loan Agreement (Industrial Holdings Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.29.2, and and, to the best ----------- of Borrower's knowledge, none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this Agreement.Section 11.2. -------------

Appears in 1 contract

Samples: Loan Agreement (Pizza Inn Inc /Mo/)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.27.2 hereto, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSection 9.2 hereto.

Appears in 1 contract

Samples: Credit Agreement (Richmont Marketing Specialists Inc)

Rights in Properties; Liens. Each Borrower, Guarantor Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets and leasehold interests reflected in the financial statements described in Section 6.26.02, and none of the properties, assets or leasehold interests of any Borrower, Guarantor Borrower or any Subsidiary is subject to any Lien, except as permitted by this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Reliability Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including including, as of the Closing Date, the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.28.2 hereto, and none of the such properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSection 10.2 hereto.

Appears in 1 contract

Samples: Credit Agreement (Oreilly Automotive Inc)

Rights in Properties; Liens. Each Borrower, Guarantor Holding and each Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.210.2 hereto, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor Holding or any Subsidiary is subject to any Lien, except as permitted by this Agreement.Section 12.2

Appears in 1 contract

Samples: Credit Agreement (Jotan Inc)

Rights in Properties; Liens. Each Borrower, Guarantor The Borrower and each --------------------------- Subsidiary have good and indefeasible title to or valid leasehold interests in their respective properties and assets, real and personal, including the properties, assets assets, and leasehold interests reflected in the financial statements described in Section 6.28.2 except for those properties disposed of since such dates in the ordinary course of business or as permitted by this Agreement, and none of the properties, assets assets, or leasehold interests of any Borrower, Guarantor the Borrower or any Subsidiary is subject to any Lien, except as permitted by this AgreementSection 10.2.

Appears in 1 contract

Samples: Credit Agreement (Learningstar Inc)

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