Common use of Title to Properties Liens Real Property Clause in Contracts

Title to Properties Liens Real Property. A. TITLE TO PROPERTIES; LIENS. Company and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens.

Appears in 3 contracts

Samples: Credit Agreement (Penton Media Inc), Credit Agreement (Diamond Brands Operating Corp), Security Agreement (Diamond Brands Operating Corp)

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Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Company Borrowers and its their Subsidiaries have (i) good, sufficient good marketable and legal insurable fee simple title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective material properties and assets reflected in the financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreement, all such properties and assets are held free and clear of Liens.

Appears in 3 contracts

Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC), Credit Agreement (Las Vegas Sands Inc), Credit Agreement (Las Vegas Sands Inc)

Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Company and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens.

Appears in 3 contracts

Samples: Credit Agreement (Manufacturers Services LTD), Credit Agreement (Pantry Inc), Credit Agreement (Isle of Capri Casinos Inc)

Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Company and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens. With respect to those Liens set forth on Schedule 5.5 annexed hereto, the debts secured thereby have been paid in full and are no longer outstanding.

Appears in 1 contract

Samples: Credit Agreement (Autotote Corp)

Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Company Holdings and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), (iii) valid licenses in (in the case of licensed intangible properties), or (iiiiv) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the most recent financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case subject to Permitted Encumbrances and Liens permitted under subsection 7.2 and except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as otherwise permitted by this Agreement, all such properties and assets are free and clear of Liens.

Appears in 1 contract

Samples: Credit Agreement (Sealy Corp)

Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Holdings, Company and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee or freehold interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreementthe Loan Documents, all such properties and assets are free and clear of LiensLiens other than Permitted Encumbrances.

Appears in 1 contract

Samples: Credit Agreement (Katy Industries Inc)

Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Company Holdings and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens.

Appears in 1 contract

Samples: Credit Agreement (Wec Co)

Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Company and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens. With respect to those Liens set forth on Schedule 5.5, the debts secured thereby have been paid in full and are no longer outstanding.

Appears in 1 contract

Samples: Credit Agreement (Falcon Products Inc /De/)

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Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Company and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens.. B.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Title to Properties Liens Real Property. A. TITLE TO PROPERTIES; LIENS. Company and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in subsection 5.3 or 91 in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens.

Appears in 1 contract

Samples: Credit Agreement (Andros Holdings Inc)

Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Company Borrower and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens.

Appears in 1 contract

Samples: Credit Agreement (Grand Palais Riverboat Inc)

Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Company Holdings and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), (iii) valid licenses in (in the case of licensed intangible properties), or (iiiiv) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the most recent financial statements referred to in subsection 5.3 4.3 or in the most recent financial statements delivered pursuant to subsection 6.15.1, in each case subject to Permitted Encumbrances and Liens permitted under subsection 6.6 and except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.76.7. Except as otherwise permitted by this Agreement, all such properties and assets are free and clear of Liens.

Appears in 1 contract

Samples: Credit Agreement (Sealy Corp)

Title to Properties Liens Real Property. A. TITLE TO PROPERTIESTitle to Properties; LIENSLiens. Company Borrower and its Subsidiaries have (i) good, sufficient good marketable and legal insurable fee simple title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective material properties and assets reflected in the financial statements referred to in subsection 5.3 or in the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7. Except as permitted by this Agreement, all such properties and assets are held free and clear of Liens.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

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