Common use of Title and Rights Clause in Contracts

Title and Rights. 3.6 Each Borrower and Subsidiary of each Borrower has good and marketable title to its Property, free and clear of any Lien except for Liens permitted by this Agreement and the other Loan Documents. Except as otherwise expressly stated in the Loan Documents or permitted by this Agreement, the Liens of the Loan Documents will constitute valid and perfected first and prior Liens on the Property described therein, subject to no other Liens whatsoever. Each Borrower and Subsidiary of each Borrower possesses all permits, licenses, patents, trademarks and copyrights required to conduct its business. All easements, rights-of-way and other rights necessary to maintain and operate each Borrower's Property have been obtained and are in full force and effect.

Title and Rights. 3.6 3.5 Each Borrower and Subsidiary of each Borrower has good and marketable title to its Property, free and clear of any Lien except for Liens permitted by this Agreement and the other Loan Documents. Except as otherwise expressly stated in the Loan Documents or permitted by this Agreement, the Liens of the Loan Documents will constitute valid and perfected first and prior Liens on the Property described therein, subject to no other Liens whatsoever. Each Borrower and Subsidiary of each Borrower possesses all permits, licenses, patents, trademarks and copyrights required to conduct its business. All easements, rights-of-way and other rights necessary to maintain and operate each Borrower's Property have been obtained and are in full force and effect.

Title and Rights. 3.6 Each Borrower and each Subsidiary of each Borrower has good and marketable title to its Property, free and clear of any Lien except for Liens permitted by this Agreement and the other Loan Documents. Except as otherwise expressly stated in the Loan Documents or permitted by this Agreement, the Liens of the Loan Documents will constitute valid and perfected first and prior Liens on the Property described therein, subject to no other Liens whatsoever. Each Borrower and each Subsidiary of each Borrower possesses all permits, licenses, patents, trademarks and copyrights required requited to conduct its business. All easementscasements, rights-of-way and other rights necessary to maintain and operate each Borrower's Property have been obtained and are in full force and effect.