Common use of Title to Assets and Related Matters Clause in Contracts

Title to Assets and Related Matters. Each Sentech Company has good and marketable title to its part of the Sentech Assets, free from any Encumbrances except (a) those Encumbrances specified on Section 6.9 of the Sentech Disclosure Schedule or any Encumbrance in favor of any Sentech Company, (b) items described in any notes to the consolidated financial statements of Sentech contained in Sentech's Annual Report on Form 10-KSB for the fiscal year ended December 31, 1997 (the "Sentech 10-KSB") included in the Sentech SEC Reports, (c) minor matters that would not have a Material Adverse Effect, (d) constitutional and statutory liens arising from the obligation to pay for the provision of materials or services not yet in Default and Taxes not yet due and (e) Sentech Assets transferred among the Sentech Companies.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Ensec International Inc), Agreement and Plan of Merger (Sentech Eas Corp /Fl), Agreement and Plan of Merger (Global Security Technologies Inc)

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Title to Assets and Related Matters. Each Sentech Ensec Company has good and marketable title to its part of the Sentech Ensec Assets, free from any Encumbrances except (a) those Encumbrances specified on Section 6.9 5.9 of the Sentech Ensec Disclosure Schedule or any Encumbrance in favor of any Sentech Ensec Company, (b) items described in any notes to the consolidated financial statements of Sentech Ensec contained in SentechEnsec's Annual Report on Form 10-KSB for the fiscal year ended December 31, 1997 (the "Sentech Ensec 10-KSB") included in the Sentech Ensec SEC Reports, (c) minor matters that would not have a Material Adverse Effect, (d) constitutional and statutory liens arising from the obligation to pay for the provision of materials or services not yet in Default and Taxes not yet due and (e) Sentech Ensec Assets transferred among the Sentech Ensec Companies.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Sentech Eas Corp /Fl), Agreement and Plan of Merger (Ensec International Inc), Agreement and Plan of Merger (Global Security Technologies Inc)

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