Common use of Title to Property and Assets; Leases Clause in Contracts

Title to Property and Assets; Leases. Except (i) as reflected in the Lineo Financial Statements (defined in paragraph 2.15), (ii) for liens for current taxes not yet delinquent, (iii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (iv) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation or (v) for minor defects in title, none of which, individually or in the aggregate, materially interferes with the use of such property, Lineo has good and marketable title to its property and assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, Lineo is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(v) above.

Appears in 2 contracts

Samples: Stock Purchase and Sale Agreement (Lineo Inc), Stock Purchase and Sale Agreement (Caldera Systems Inc)

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Title to Property and Assets; Leases. Except (ia) as reflected in ------------------------------------ the Lineo Financial Statements (defined in paragraph 2.15Section 2.19), (iib) for liens for current taxes not yet delinquent, (iiic) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (ivd) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation legislation, or (ve) for minor defects in title, none of which, individually or in the aggregate, aggregate materially interferes with the use of such property, Lineo has good and marketable title to the Company owns its property and assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, Lineo the Company is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(va)-(e) above.

Appears in 2 contracts

Samples: Directed Share Agreement (Corsair Communications Inc), Preferred Stock Purchase Agreement (Corsair Communications Inc)

Title to Property and Assets; Leases. Except (i) as reflected in the Lineo Financial Statements (defined financial statements contained in paragraph 2.15)the SEC Reports, (ii) for liens for current taxes not yet delinquent, (iii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (iv) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation or (v) for minor defects in title, none of which, individually or in the aggregate, materially interferes with the use of such propertyproperty (clauses (i) through (v), Lineo the "PERMITTED LIENS"), the Company has good and marketable title to its property and assets free and clear of all mortgages, liens, claims claims, and encumbrances. With respect to the property and assets it leases, Lineo the Company is in compliance with such leases and, to the best knowledge of its knowledgethe Company, holds a valid leasehold interest free of any liens, claims claims, or encumbrances, subject to clauses (i)-(v) aboveexcept for Permitted Liens.

Appears in 2 contracts

Samples: Securities Purchase Agreement (I Flow Corp /De/), Securities Purchase Agreement (I Flow Corp /De/)

Title to Property and Assets; Leases. Except (ia) as reflected in ------------------------------------ the Lineo Financial Statements (defined in paragraph 2.15)SEC Documents, (iib) for liens for current taxes not yet delinquent, (iiic) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (ivd) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation or legislation, (ve) for minor defects in title, none of which, individually or in the aggregate, materially interferes with the use of such propertyproperty or (f) with respect to property or assets which are leased, Lineo the Company has good and marketable title to its property and assets assets, free and clear of all liens, mortgages, lienssecurity interests, claims and encumbrancespledges or charges of any kind. With respect to the property and assets it leases, Lineo is in compliance with such leases and, to the best of its knowledge, Company holds a valid leasehold interest free of any liens, claims mortgages, security interests, pledges or encumbrances, charges of any kind (subject to clauses (i)-(va) through (e) above).

Appears in 1 contract

Samples: Subscription Agreement (Cardiodynamics International Corp)

Title to Property and Assets; Leases. Except (ia) as reflected ------------------------------------- in the Lineo Financial Statements (defined in paragraph 2.15Section 2.17), (iib) for liens for current taxes not yet delinquent, (iiic) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (ivd) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation legislation, or (ve) for minor defects in title, none of which, individually or in the aggregate, aggregate materially interferes with the use of such property, Lineo has good and marketable title to the Company owns its property and assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, Lineo the Company is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(va)-(e) above.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Verisign Inc/Ca)

Title to Property and Assets; Leases. Except as disclosed in the ------------------------------------ SEC Reports and (i) as reflected in the Lineo Financial Statements (defined in paragraph 2.15), (ii) for liens for current taxes not yet delinquent, (iiiii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (iviii) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation or (viv) for minor defects in title, none of which, individually or in the aggregate, materially interferes with the use of such property, Lineo has good each of the Company and marketable title to its Subsidiaries owns its property and assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, Lineo each of the Company and its Subsidiaries is in compliance with such leases and, to the best of its knowledge, and holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(vclauses(i)-(iv) above.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Cypress Financial Services Inc)

Title to Property and Assets; Leases. Except (ia) as ------------------------------------ reflected in the Lineo Financial Statements (defined in paragraph 2.15Section 2.17), (iib) for liens for current taxes not yet delinquent, (iiic) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (ivd) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation legislation, or (ve) for minor defects in title, none of which, individually or in the aggregate, aggregate materially interferes with the use of such property, Lineo has good and marketable title to the Company owns its property and assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, Lineo the Company is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(va)-(e) above.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Verisign Inc/Ca)

Title to Property and Assets; Leases. Except (i) as reflected in the Lineo Financial Statements (defined in paragraph 2.152.17), (ii) for liens for current taxes not yet delinquent, (iii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (iv) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation or (v) for minor defects in title, none of which, individually or in the aggregate, materially interferes with the use of such property, Lineo has good and marketable title to the Company owns its property and assets free and clear of all mortgages, liens, claims claims, and encumbrances. With respect to the property and assets it leases, Lineo the Company is in compliance with such leases and, to the best of its knowledge, and holds a valid leasehold interest free of any liens, claims claims, or encumbrances, which would be materially adverse to the Company, subject to clauses (i)-(v) above.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Digirad Corp)

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Title to Property and Assets; Leases. Except (ia) as reflected in the Lineo Financial Statements (as defined in paragraph 2.15below), (iib) for liens for current taxes not yet delinquent, (iiic) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (ivd) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation legislation, or (ve) for minor defects in title, none of which, individually or in the aggregate, aggregate materially interferes with the use of such property, Lineo has good and marketable title to the Company owns its property and assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, Lineo the Company is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(va)-(e) above.

Appears in 1 contract

Samples: Stock Purchase Agreement (Combichem Inc)

Title to Property and Assets; Leases. Except (ia) as reflected in ------------------------------------ the Lineo Financial Statements (defined in paragraph 2.152.19), (iib) for liens for current taxes not yet delinquent, (iiic) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (ivd) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation legislation, or (ve) for minor defects in title, none of which, individually or in the aggregate, aggregate materially interferes with the use of such property, Lineo has good and marketable title to the Company owns its property and assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, Lineo the Company is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(va)-(e) above.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Corsair Communications Inc)

Title to Property and Assets; Leases. Except (ia) as reflected in the Lineo Financial Statements (defined in paragraph 2.15Section 2.17), (iib) for liens for current taxes not yet delinquent, (iiic) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen and the like, (ivd) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation legislation, or (ve) for minor defects in title, none of which, individually or in the aggregate, aggregate materially interferes with the use of such property, Lineo has good and marketable title to the Company owns its property and assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, Lineo the Company is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances, subject to clauses (i)-(va)-(e) above.

Appears in 1 contract

Samples: Preferred Stock and Warrant Purchase Agreement (Applied Voice Recognition Inc /De/)

Title to Property and Assets; Leases. Except (i) as reflected in the Lineo Financial Statements (defined in paragraph 2.15), (iia) for liens for ------------------------------------ current taxes not yet delinquent, (iiib) for liens imposed by law and incurred in the ordinary course of business for obligations not past due to carriers, warehousemen, laborers, materialmen material, men and the like, (iv) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation or (vc) for minor defects in title, none of which, individually or in the aggregate, materially interferes with the use of such property, Lineo has good or (d) the proposed liens pursuant to the proposed agreements with the Canopy Group, and marketable title to Caldera Systems, Inc., the Company owns its property and assets free and clear of all mortgages, liens, claims and encumbrances. With respect to the property and assets it leases, Lineo the Company is in compliance with such leases and, to the best of its knowledge, holds a valid leasehold interest free of any liens, claims claims, or encumbrances, subject to clauses (i)-(va)-(c) above.

Appears in 1 contract

Samples: Common Stock and Warrant Purchase Agreement (Santa Cruz Operation Inc)

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