Unencumbered title; possession Sample Clauses

Unencumbered title; possession. 7.1 Each tangible asset included in the Accounts or acquired by the Company since the Accounting Date (save for stock disposed of or consumed in the ordinary course of business or assets acquired on retention of title terms which are not onerous or unusual) is, save as specifically disclosed in the Accounts or the Management Accounts, legally and beneficially owned by the Company free from any Encumbrance.
Sample 1Sample 2
AutoNDA by SimpleDocs
Unencumbered title; possession. 11.1 Except insofar as this Warranty is inconsistent with paragraph 17 (Property), each asset included in the Accounts or acquired by a Group Member since the Accounting Date (save for Stock disposed of in the ordinary course of business) and each asset used by any Group Member is legally and beneficially owned by the relevant Group Member free from any Encumbrance or any claim to, or Contract to grant, any Encumbrance.
Sample 1
Unencumbered title; possession. 11.1 Each asset included in the Accounts or acquired by the Company since the Accounting Date (save for Stock disposed of in the ordinary course of business) and each asset used by the Company or which the Company holds out as being, or claims is, in the ownership of the Company is legally and beneficially owned by the Company free from any Encumbrance or any claim to, or Contract to grant, any Encumbrance;
Sample 1
Unencumbered title; possession. 5.1.1. Each asset included in the Accounts or acquired by each Group Member since the Accounting Date (save for Stock disposed of in the ordinary course of business) and each asset used by a Group Member or which a Group Member holds out as being, or claims is, in the ownership of the Group Member is legally and beneficially owned by the Group Member free from any Encumbrance or any claim to, or Contract to grant, any Encumbrance;
Sample 1
Unencumbered title; possession. 4.1 Each material asset included in the Locked Box Accounts or acquired by a Group Member since the Locked Box Date (save for Inventory disposed of in the ordinary course of business) is legally and beneficially owned by the relevant Group Member free from any Encumbrance.
Sample 1
Unencumbered title; possession. Each asset reflected in the Accounts (save for current assets disposed of by the Company in the ordinary course of its business since the Accounting Date) and each asset treated as an asset of the Company and/or used by the Company at the date of this Agreement:-
Sample 1
Unencumbered title; possession. 28.1 Each material Business Asset to be sold by a Relevant Seller is legally and beneficially owned by the Relevant Seller free from any Encumbrance.
Sample 1
AutoNDA by SimpleDocs
Unencumbered title; possession. 5.1 There are no Encumbrances over any Group Company’s material assets (other than pursuant to operating leases and/or finance leases entered into in the ordinary course of business or Contracts containing retention of title clauses (or similar clauses) entered into in the ordinary course of business) nor is there any outstanding agreement on the part of any Group Company to create any Encumbrances over any of its material assets (other than pursuant to operating leases and/or finance leases entered into in the ordinary course of business or Contracts containing retention of title clauses (or similar clauses) entered into in the ordinary course of business) and each material asset included in the Accounts or acquired by each Group Company since the Last Accounting Date (other than assets sold in the ordinary course of business):
Sample 1

Related to Unencumbered title; possession

  • Real Property; Title to Assets (a) The Company does not own any real property.

  • Property Title (a) Borrower has good and marketable fee simple legal and equitable title to the real property comprising the Property, subject to Permitted Liens. The Mortgage Documents, when properly recorded and/or filed in the appropriate records, will create (i) a valid, first priority, perfected Lien on Borrower’s interest in the Property, subject only to the Permitted Liens, and (ii) perfected security interests in and to, and perfected collateral assignments of, all personalty (including the Leases), all in accordance with the terms thereof, in each case subject only to the Permitted Liens.

  • Real Property; Fixtures Each Grantor covenants and agrees that upon the acquisition of any fee interest in Real Property having a fair market value in excess of $1,000,000 it will promptly (and in any event within two (2) Business Days of acquisition) notify Agent of the acquisition of such Real Property and will grant to Agent, for the benefit of the Lender Group and the Bank Product Providers, a first priority Mortgage on each fee interest in Real Property now or hereafter owned by such Grantor and shall deliver such other documentation and opinions, in form and substance satisfactory to Agent, in connection with the grant of such Mortgage as Agent shall request in its Permitted Discretion, including title insurance policies, financing statements, fixture filings and environmental audits and such Grantor shall pay all recording costs, intangible taxes and other fees and costs (including reasonable attorneys fees and expenses) incurred in connection therewith. Each Grantor acknowledges and agrees that, to the extent permitted by applicable law, all of the Collateral shall remain personal property regardless of the manner of its attachment or affixation to real property;

  • Real Property; Personal Property (a) Neither the Company nor any of its Subsidiaries owns any real property.

  • Title to Properties; Possession Under Leases (a) Such Borrower and each of its Subsidiaries have good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes.

  • Title to Property; Encumbrances (a) The Company does not own any real property or any Structures.

  • Real Property Interests Except for leasehold interests disclosed on Schedule 3.20, and except for the ownership or other interests set forth on Schedule 3.20, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property. Schedule 3.20 sets forth, with respect to each parcel of real estate owned by any Credit Party as of the Closing Date, the address and legal description of such parcel.

  • Occupancy of the Mortgaged Property As of the date of origination, the Mortgaged Property was lawfully occupied under applicable law;

  • Owned Property Section 5.14

  • Permitted Exceptions The Property shall be conveyed subject to the matters which are, or are deemed to be, Permitted Exceptions pursuant to Article II hereof (herein referred to collectively as the “Permitted Exceptions”).

Time is Money Join Law Insider Premium to draft better contracts faster.