Common use of Title to Properties; Absence of Liens and Encumbrances Clause in Contracts

Title to Properties; Absence of Liens and Encumbrances. (a) The Company does not own real property, nor has the Company ever owned any real property. SCHEDULE 2.10(a) sets forth a list of all real property currently, or at any time in the past, leased by the Company, the name of the lessor, the date of the lease and each amendment thereto and, with respect to any current lease, the aggregate annual rental and/or other fees payable under any such lease. All such current leases are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default).

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Citadel Technology Inc), Agreement and Plan of Reorganization (Netscape Communications Corp)

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Title to Properties; Absence of Liens and Encumbrances. (a) The Company does not own owns no real property, nor has the Company it ever owned any real property. SCHEDULE Section 2.10(a) of the Company Disclosure Letter sets forth a list of all real property currently, or at any time in the past, leased by the Company, the name of the lessor, the date of the lease and each amendment thereto and, with respect to any current lease, the aggregate annual rental and/or other fees payable under any such lease. All such current leases are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Digital Impact Inc /De/)

Title to Properties; Absence of Liens and Encumbrances. (a) The Each Company does not own real property, nor has the any Company ever owned any real property. SCHEDULE 2.10(a) sets forth a list of all real property currently, or at any time in the past, leased by the each Company, the name of the lessor, the date of the lease and each amendment thereto and, with respect to any current lease, the aggregate annual rental and/or other fees payable under any such lease. All such current leases are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default).

Appears in 1 contract

Samples: Stock Purchase Agreement (Citadel Technology Inc)

Title to Properties; Absence of Liens and Encumbrances. (a) The Company does not own owns no real property, nor has the Company it ever owned any real property. SCHEDULE Company Schedule 2.10(a) sets forth a list of all real property currently, or at any time in the past, leased by the Company, the name of the lessor, the date of the lease and each amendment thereto and, with respect to any current lease, the aggregate annual rental and/or other fees payable under any such lease. All such current leases are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default by the Company, or to the knowledge of the Company, any landlord thereunder (or event which with notice or lapse of time, or both, would constitute a default).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Netscape Communications Corp)

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Title to Properties; Absence of Liens and Encumbrances. (a) The Company does not own owns no real property, nor has the Company it ever owned any real property. SCHEDULE Part 2.10(a) of the Company Disclosure Letter sets forth a list of all real property currently, or at any time in the past, leased by the Company, the name of the lessor, the date of the lease and each amendment thereto and, with respect to any current lease, the aggregate annual rental and/or other fees payable under any such lease. All such current leases are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Goto Com Inc)

Title to Properties; Absence of Liens and Encumbrances. (a) The Company does not own owns no real property, nor has the Company it ever owned any real property. SCHEDULE Schedule 2.10(a) sets forth a list of all real property currently, or at any time in the past, leased by the Company, the name of the lessor, lessor and the date of the lease and each amendment thereto and, with respect to any current lease, the aggregate annual rental and/or other fees payable under any such lease. All such current leases are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing material default or event of default (or event which with notice or lapse of time, or both, would constitute a material default).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Summit Design Inc)

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