Title to Properties and Assets; Liens. Parent has good and marketable title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no Lien, other than Permitted Liens. With respect to the property and assets it leases, Parent is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens. Parent’s properties and assets are in good condition and repair in all material respects. Parent does not currently own, and has never owned, any real property.
Appears in 2 contracts
Samples: Merger Agreement and Plan of Reorganization (Getting Ready Corp), Merger Agreement and Plan of Reorganization (eXegenics Inc)
Title to Properties and Assets; Liens. Parent has good and marketable title to its properties and assets, assets and has good title to all its leasehold interests, in each case case, not subject to no any Lien, other than Permitted Liens. With respect to the property and assets it leases, Parent is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens. Parent’s properties and assets are in good condition and repair in all material respects. Parent does not currently own, and since July 1, 2008 has never not owned, any real property.
Appears in 1 contract
Title to Properties and Assets; Liens. Except as set forth on Schedule 5.13, Parent has good and marketable title to its properties and assets, assets and has good title to all its leasehold interests, in each case case, not subject to no any Lien, other than Permitted Liens. With respect to the property and assets it leases, Parent is in compliance with such leases in all material respects and and, except as set forth on Schedule 5.13, holds a valid leasehold interest free of all Liens. Parent’s properties and assets are in good condition and repair in all material respects. Parent does not currently own, and has never owned, any real property.
Appears in 1 contract
Samples: Merger Agreement and Plan of Reorganization (Wi-Tron, Inc.)
Title to Properties and Assets; Liens. Parent has good and marketable title to its properties and assets, assets and has good title to all its leasehold interests, in each case case, not subject to no any Lien, other than Permitted Liens. With respect to the property and assets it leases, Parent is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens. Parent’s properties and assets are in good condition and repair in all material respects. Except as set forth on Schedule 5.11, Parent does not currently own, and has never owned, any real property.
Appears in 1 contract
Title to Properties and Assets; Liens. Parent has good and marketable title to its properties and assets, assets and has good title to all its leasehold interests, in each case case, not subject to no any Lien, other than Permitted Liens. With respect to the property and assets it leases, Parent is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens. Parent’s properties and assets are in good condition and repair in all material respects. Parent does not currently own, and has never owned, any real property, except as set forth on Schedule 6.12.
Appears in 1 contract
Samples: Escrow Agreement (Neovasc Inc)
Title to Properties and Assets; Liens. Parent has good and marketable title to its properties and assets, assets and has good title to all its leasehold interests, in each case case, not subject to no any Lien, other than Permitted Liens. With respect to the property and assets it leases, Parent is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens. Parent’s properties and assets are in good condition and repair in all material respects. Parent does not currently own, and has never owned, any real property.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Autovative Products Inc)
Title to Properties and Assets; Liens. Parent has good and marketable title to its properties and assets, and has good title to all its leasehold interests, in each case subject to no Lien, other than Permitted Liens. With respect to the property and assets it leases, Parent is in compliance with such leases in all material respects and holds a valid leasehold interest free of all Liens. Parent’s properties and assets are in good condition and repair in all material respects, subject to ordinary wear and tear and routine maintenance. Parent does not currently own, and has never owned, any real property.
Appears in 1 contract
Samples: Merger Agreement and Plan of Reorganization (Clicknsettle Com Inc)
