Common use of Tangible Properties and Assets Clause in Contracts

Tangible Properties and Assets. (a) Company Disclosure Schedule 3.30 sets forth a true, correct, and complete list of all personal property owned by Company and each of its Subsidiaries. Except for properties and assets disposed of in the ordinary course of business or as permitted by this Agreement, Company or its Subsidiary has good, valid, and marketable title to, valid leasehold interests in or otherwise legally enforceable rights to use all of the personal property, and other assets (tangible or intangible), used, occupied, and operated or held for use by it in connection with its business as presently conducted in each case, free and clear of any Lien, except for (i) statutory Liens for amounts not yet delinquent and (ii) Liens incurred in the ordinary course of business or imperfections of title, easements, and encumbrances, if any, that, individually and in the aggregate, are not material in character, amount or extent, and do not materially detract from the value and do not materially interfere with the present use, occupancy, or operation of any material asset.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp), Agreement and Plan of Merger (Independent Bank Corp)

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Tangible Properties and Assets. (a) Company QBT Disclosure Schedule 3.30 3.23(a) sets forth a true, correct, correct and complete list of all personal real property owned by Company and each of its SubsidiariesQBT. Except as set forth in QBT Disclosure Schedule 3.23(a), and except for properties and assets disposed of in the ordinary course of business or as permitted by this Agreement, Company or its Subsidiary QBT has good, valid, and marketable good title to, valid leasehold interests in or otherwise legally enforceable rights to use all of the personal real property, personal property and other assets (tangible or intangible), used, occupied, occupied and operated or held for use by it in connection with its business as presently conducted in each case, free and clear of any Lienlien, except for (i) statutory Liens liens for amounts not yet delinquent and (ii) Liens liens incurred in the ordinary course of business or imperfections of title, easements, easements and encumbrances, if any, that, individually and in the aggregate, are not material in character, amount or extent, and do not materially detract from the value and do not materially interfere with the present use, occupancy, occupancy or operation of any material asset.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bankwell Financial Group, Inc.), Agreement and Plan of Merger (Bankwell Financial Group, Inc.)

Tangible Properties and Assets. (a) Company TNB Disclosure Schedule 3.30 3.23(a) sets forth a true, correct, correct and complete list of all personal real property owned by Company and each of its SubsidiariesTNB. Except as set forth in TNB Disclosure Schedule 3.23(a), and except for properties and assets disposed of in the ordinary course of business or as permitted by this Agreement, Company or its Subsidiary TNB has good, valid, and marketable good title to, valid leasehold interests in or otherwise legally enforceable rights to use all of the personal real property, personal property and other assets (tangible or intangible), used, occupied, occupied and operated or held for use by it in connection with its business as presently conducted in each case, free and clear of any Lien, except for (i) statutory Liens for amounts not yet delinquent and (ii) Liens incurred in the ordinary course of business or imperfections of title, easements, easements and encumbrances, if any, that, individually and in the aggregate, are not material in character, amount or extent, and do not materially detract from the value and do not materially interfere with the present use, occupancy, occupancy or operation of any material asset.

Appears in 1 contract

Samples: Agreement and Plan of Merger (New Hampshire Thrift Bancshares Inc)

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Tangible Properties and Assets. (ai) Company FBFC Disclosure Schedule 3.30 4.01(w) sets forth a true, correct, correct and complete list of all personal real property owned by Company and each of its SubsidiariesFBFC. Except as set forth in FBFC Disclosure Schedule 4.01(w), and except for properties and assets disposed of in the ordinary course of business or as permitted by this Agreement, Company or its Subsidiary FBFC has good, valid, and marketable good title to, valid leasehold interests in or otherwise legally enforceable rights to use all of the personal real property, personal property and other assets (tangible or intangible), used, occupied, occupied and operated or held for use by it in connection with its business as presently conducted in each case, free and clear of any Lien, except for (iA) statutory Liens for amounts not yet delinquent and (iiB) Liens incurred in the ordinary course of business or imperfections of title, easements, easements and encumbrances, if any, that, individually and in the aggregate, are not material in character, amount or extent, and do not materially detract from the value and do not materially interfere with the present use, occupancy, occupancy or operation of any material asset.

Appears in 1 contract

Samples: Agreement and Plan of Merger (New Hampshire Thrift Bancshares Inc)

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