Common use of Titles to Properties Clause in Contracts

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (b), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 6.1(o), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned owned, if any, or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 6.1(n), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder. As of the Closing Date, neither the Borrower or any of its Subsidiaries owns any real property.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its material personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 6.1(p), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business, of assets or properties no longer used or usable in the conduct of its business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary to the conduct of its business as currently conducted and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the Consolidated balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 6.2(e), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to the dates of such date balance sheets which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower Borrowers and its their respective Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower Borrowers and its their respective Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (b)Paragraph 6.1.15, except those which have been disposed of by the Borrower Borrowers or its their respective Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (b)referenced in Section 5.15, except those which have been disposed of by the Borrower or its Subsidiaries subsequent to the date of such date which balance sheets pursuant to dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it (or a lease of real property) as is reasonably necessary to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those assets reflected on the balance sheets of the Borrower and its Subsidiaries described in Section 6.1(m) or in any financial statements hereafter delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (b)Section 7.1, except those such assets which have been disposed of by the Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (b), except those which have been disposed of by the Borrower or 62 its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its material personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 6.2(e), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower Borrowers and its their Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 6.1(o), except those which have been disposed of by the such Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business business, or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or by it and such leasehold title to the real property leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 5.1(n), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the The Borrower and each of its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 7.1(o), except those which have been disposed of by the Borrower or any of its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder. All of the real property owned or leased by the Borrower and its Subsidiaries is described on Schedule 7.1(r) hereto.

Titles to Properties. Each of the Borrower and its Restricted Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Restricted Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 7.1(o), except those which have been disposed of by the Borrower or its Restricted Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 7.1(n), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower Holdings and its Subsidiaries has such good title to the real property Real Property owned or a valid leasehold in the Real Property leased by it as is reasonably necessary or desirable to the conduct of its business as currently conducted and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 7.1(o), except those which have been disposed of by the Borrower Holdings or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and each of its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary to the conduct of its business and has valid and legal title to or a leasehold interest in all of its tangible personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower ShoLodge and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 6.1(p), except those which have been disposed of by the such Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each To the extent necessary to the conduct of its business, each of the Borrower Borrowers and its their Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary to the conduct of its business and valid and legal title to or a leasehold interest in all of its personal property and assets, including, but not limited to, those reflected on the balance sheets sheet of the Borrower Borrowers and its their Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 5.1(o), except those which have been disposed of by the Borrower Borrowers or its their Subsidiaries subsequent to such date December 31, 1998 which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the The Borrower and its Subsidiaries has such have good and marketable title to to, or valid and subsisting leasehold interests in, the real property owned or leased leased, as the case may be, by it as is reasonably necessary to the conduct of its business them and valid and legal title to all of its their personal property and assetsproperty, including, but not limited to, those the real and personal property reflected on the balance sheets of the Borrower and its Subsidiaries financial statements delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 6.11(r), except those property which have has been disposed of by the Borrower or any of its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Significant Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its material personal property and assets, including, but not limited to, those reflected on the Consolidated balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bdescribed in Section 6.1(o), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date May 3, 1997, which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Restricted Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Restricted Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bdescribed in Section 6.1(o), except those which have been disposed of by the Borrower or its Restricted Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Significant Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its material personal property and assets, including, but not limited to, those reflected on the Consolidated balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bdescribed in Section 5.1(o), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date May 3, 1997, which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has -------------------- such leasehold title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 6.1(o), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder. Neither the Borrower nor any of its Subsidiaries owns any real property.

Titles to Properties. Each of the Borrower Borrowers and its each of their respective Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower Borrowers and its their Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSECTION 7.1(o), except those which have been disposed of by the Borrower or its Borrowers and their Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Significant -------------------- Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its material personal property and assets, including, but not limited to, those reflected on the Consolidated balance sheets of the Borrower and its Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bdescribed in Section 7.1(p), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to such date May 3, 1997, which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower Borrowers and its their Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 7.1(o), except those which have been disposed of by the such Borrower or its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business business, or as otherwise expressly permitted hereunder.

Titles to Properties. Each of the Borrower and its Restricted Subsidiaries has such title to the real property owned or leased by it as is reasonably necessary or desirable to the conduct of its business and 53 valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrower and its Restricted Subsidiaries delivered pursuant to Sections 5.2(e)(i), 7.1(a) and (bSection 6.1(p), except those which have been disposed of by the Borrower or its Restricted Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.