Common use of Title to Properties, etc Clause in Contracts

Title to Properties, etc. Holdings and each of its Subsidiaries has good and marketable title, in the case of material owned Real Property, and good title (or valid Leaseholds, in the case of any leased property, or valid licenses, in the case of any licensed property), in the case of all other property, to all of its material properties and assets free and clear of Liens other than Permitted Liens. The interests of Holdings and each of its Subsidiaries in the properties reflected in the most recent balance sheet referred to in Section 5.07(a), taken as a whole, were sufficient, in the judgment of each Borrower, as of the date of such balance sheet for purposes of the ownership and operation of the businesses conducted by Holdings and such Subsidiaries.

Title to Properties, etc. Holdings The Company and each of its Subsidiaries has good and marketable title, in the case of material owned Real Property, and good title (or valid Leaseholds, in the case of any leased property, or valid licenses, in the case of any licensed property), in the case of all other property, to all of its material properties and assets free and clear of Liens other than Permitted Liens. The interests of Holdings the Company and each of its Subsidiaries in the properties reflected in the most recent balance sheet referred to in Section 5.07(a), taken as a whole, were sufficient, in the judgment of each Borrower, as of the date of such balance sheet for purposes of the ownership and operation of the businesses conducted by Holdings the Borrowers and such Subsidiaries.