Common use of Assets Other Than Real Property Clause in Contracts

Assets Other Than Real Property. The Borrower, GCC, Global and its subsidiaries have good title to all tangible assets owned by them, free and clear of all Liens that individually or in the aggregate would not have a Material Adverse Effect on the Borrower, GCC, Global or its subsidiaries. The Borrower, GCC, Global and its subsidiaries own, or lease all the intangible personal property currently used in the conduct of its business as presently conducted. All the intangible personal property owned by the Borrower, GCC, Global or its subsidiaries is in all material respects in good operating condition and repair, ordinary wear and tear excepted, and all personal property leased by the Borrower or the Guarantors is in all material respects in the condition required of such property by the terms of the lease applicable thereto.