Common use of Title Generally Clause in Contracts

Title Generally. Each of the Credit Parties has good title to, or valid leasehold interests in, all its real and personal property material to its business, 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 (Nextel Communications Inc), Credit Agreement (Nextel Communications Inc)

Title Generally. Each of the Credit Parties has good title to, or valid leasehold interests in, all of its real and personal property material to its businessproperty, except for minor defects in title that do that, individually or in the aggregate, could not interfere with its ability reasonably be expected to conduct its business as currently conducted or to utilize such properties for their intended purposesresult in a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Nextel Communications Inc)