Common use of The Plant Clause in Contracts

The Plant. 5.1. The Company is the sole and exclusive legal and beneficial owner, (juridisch en economisch eigenaar) of all right, title and interest in all of the Plant and the Plant is not subject to any Encumbrance or any other right of any third party, except for the security rights granted by the Company to Rabobank under the Facility Agreement. 5.2. The Plant comprises all assets that will be required or used to conduct the Business as it is intended to be conducted by the Company. 5.3. The Plant is free from any visible or invisible defects, in a good state of maintenance and repair and fit for use. 5.4. The intended use of the Plant is not restricted or impaired, including but not limited by any acts or practices, emanating from any authority or other third party.