Common use of Tangible Property Clause in Contracts

Tangible Property. The Company is in possession of and has good title to, or has valid leasehold interests in or valid rights under contract to use all tangible personal property used in the conduct of its business, including all the tangible personal property (“Tangible Personal Property”) reflected in the Financial Reports. All Tangible Personal Property is free and clear of all Encumbrances, and is in good working order and condition (ordinary wear and tear excepted), and their use complies with all PRC Laws.

Tangible Property. The Company is in possession of has valid and has good legal title to, or has a valid and enforceable leasehold interests interest in (or valid rights under contract other right to use use), all tangible personal property used in the conduct of its business, including all the tangible personal property (“Tangible Personal Property”) reflected and assets which it uses in the Financial Reports. All Tangible Personal Property is business of the Company, including the Network Facilities and all of the personal properties and assets identified or reflected on the Most Recent Balance Sheet or acquired thereafter, free and clear of all EncumbrancesLiens other than Permitted Liens, and is except for assets disposed of in good working order and condition (the ordinary wear and tear excepted), and their use complies course of business consistent with all PRC Lawspast practice since the Most Recent Balance Sheet Date.