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

Title to Property and Assets; Leases. The Company owns no real ------------------------------------- estate and leases facilities in Branford, Connecticut, New Haven, Connecticut and Alachua, Florida. Except (i) as reflected in the Financial Statements (as defined in paragraph 4.13), (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, 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, 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)-(v) above.

Appears in 3 contracts

Samples: License Agreement (Curagen Corp), License Agreement (Curagen Corp), License Agreement (Curagen Corp)

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Title to Property and Assets; Leases. The Company owns no real ------------------------------------- ------------------------------------ estate and leases facilities in Branford, ConnecticutPrinceton, New Haven, Connecticut and Alachua, FloridaJersey. Except (i) as reflected in the Financial Statements (as defined in paragraph 4.134.11), (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, 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, 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)-(v) above.

Appears in 2 contracts

Samples: Registration Rights Agreement (Orchid Biosciences Inc), Registration Rights Agreement (Orchid Biosciences Inc)

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Title to Property and Assets; Leases. The Company owns no real ------------------------------------- estate and leases facilities in Branford, Connecticut, New Haven, Connecticut and Alachua, Florida. Except (i) as reflected in the Financial Statements (as defined in paragraph 4.132.14), (ii) for the security interests granted or to be granted to Fleet National Bank under the Company's loan agreement dated December 26, 1997 (the "Fleet Agreement"), (iii) for liens for current taxes not yet delinquent, (iiiiv) 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, (ivv) for liens in respect of pledges or deposits under workers' compensation laws or similar legislation or (vvi) for minor defects in title, none of which, individually or in the aggregate, materially interferes with the use of such property, the Company owns 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, 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, or encumbrances, subject to clauses (i)-(vi)-(vi) above.

Appears in 1 contract

Samples: Debenture and Warrant Purchase Agreement (PCD Inc)

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