Common use of Title to Properties and Assets Clause in Contracts

Title to Properties and Assets. Each Group Company has good and marketable title to, and legally and beneficially owns or has valid leasehold interests or rights to use, all its property and assets, free and clear of all mortgages, liens, loans and encumbrances, except for liens for Taxation, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics and other liens imposed by law created in the ordinary course of business of the Group Company consistent with past practices for amounts not yet due.

Appears in 3 contracts

Samples: Convertible Note Purchase Agreement (GIGAMEDIA LTD), Convertible Note Purchase Agreement (GIGAMEDIA LTD), Convertible Note Purchase Agreement (GIGAMEDIA LTD)

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Title to Properties and Assets. (a) Each Group Company has good and marketable title to, or a legal and legally and beneficially owns or has valid leasehold interests or rights right to use, all material properties and assets (whether tangible or intangible) that it purports to own (including as reflected in its property and assetsbalance sheet) or that it uses, free and clear of any and all mortgages, liens, loans Liens. Such properties and encumbrances, except assets collectively represent in all material respects all properties and assets necessary for liens for Taxation, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics and other liens imposed by law created in the ordinary course conduct of the business of the Group Company consistent with past practices for amounts not yet dueCompanies as presently conducted, including the Principal Business. None of the Group Companies owns any real property.

Appears in 2 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement (Alibaba Group Holding LTD)

Title to Properties and Assets. Each Group Company has good and marketable title to, and legally and beneficially owns or has valid leasehold interests or rights to useuse of, all its property and assets, free and clear of all mortgages, liens, loans and encumbrances, except for liens for TaxationTaxes, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics mechanics, materialmen and other liens imposed by operation of law created in the ordinary course of business of the Group Company consistent with past practices for amounts not yet due.

Appears in 1 contract

Samples: Share Exchange Agreement (Silicon Motion Technology CORP)

Title to Properties and Assets. Each Group Company has good and marketable title to, to its properties and legally and beneficially owns or has valid leasehold interests or rights to use, all its property and assets, assets held free and clear of all mortgagesany mortgage, lienspledge, loans and encumbranceslien, encumbrance, security interest or charge of any kind except for such encumbrances or liens for Taxation, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics and other liens imposed by law created that arise in the ordinary course of business that do not materially impair such Group Company’s ownership or use of the Group Company consistent with past practices for amounts not yet due.such property or

Appears in 1 contract

Samples: Share Subscription Agreement (JA Solar Holdings Co., Ltd.)

Title to Properties and Assets. Each (a) The Company Group Company has good and marketable title to, and legally and beneficially owns or has valid leasehold interests or rights to use, all its property properties and assets, free and clear of has a valid leasehold interest to all mortgagesits leasehold interests, liens, loans and encumbrances, except for liens for Taxation, assessments or in each case subject to no Encumbrance other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics and other liens imposed by law created in the ordinary course of business of the Group Company consistent with past practices for amounts not yet duethan Permitted Encumbrances.

Appears in 1 contract

Samples: Arrangement Agreement (Generac Holdings Inc.)

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Title to Properties and Assets. Each Except as fairly disclosed, each Group Company is in possession of and has good and marketable title to, and legally and beneficially owns or has valid leasehold interests in or valid rights under contract to use, all its property and assetsmachinery, free and clear of all mortgagesequipment, liensfurniture, loans and encumbrancesfixtures, except for liens for Taxation, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics vehicles and other liens imposed by law created in the ordinary course of properties and assets material for its business of the Group Company consistent with past practices for amounts not yet dueas currently conducted.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (New Ruipeng Pet Group Inc.)

Title to Properties and Assets. Each Group Company is in possession of and has good and marketable title to, and legally and beneficially owns or has valid leasehold interests in or valid rights under contract to use, all its property and assetsmachinery, free and clear of all mortgagesequipment, liensfurniture, loans and encumbrancesfixtures, except for liens for Taxation, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics vehicles and other liens imposed by law created in the ordinary course of properties and assets material for its business of the Group Company consistent with past practices for amounts not yet dueas currently conducted.

Appears in 1 contract

Samples: Share and Warrant Purchase Agreement (Ruipeng Pet Group Inc.)

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