Title to Properties; Liens and Encumbrances. The Company has ------------------------------------------- good and marketable title to all of its properties and assets. Such properties and assets are not subject to any mortgage, pledge, lien, security interest, conditional sales agreement, encumbrance or charge, except liens for current taxes not yet due and payable. The Company is not in default or in breach and has not received notice of default of any provision of its leases or licenses and the Company holds valid leaseholds or licensed interests in the properties which it leases or which is licensed to it. The Company's properties and assets are in good condition and repair in all material respects.
Appears in 3 contracts
Samples: Purchase Agreement (Quicklogic Corporation), Common Stock Purchase Agreement (Quicklogic Corporation), Purchase Agreement (Quicklogic Corporation)
Title to Properties; Liens and Encumbrances. The Company has ------------------------------------------- good and marketable title to all of its properties and assets. Such properties , both real and assets are not personal, subject to any no mortgage, pledge, lien, security interest, conditional sales sale agreement, encumbrance or charge, except liens for current taxes not yet due and payable. The Company is not in default or in breach and has not received notice of default of any provision of its leases or licenses and With respect to the Company holds valid leaseholds or licensed interests in the properties which it leases or which is licensed to it. The Company's properties and assets are it leases, the Company is in good condition compliance with such leases, and repair in all material respectsto its knowledge, holds a valid leasehold interest free of any liens, claims or encumbrances.
Appears in 1 contract
Samples: Series B Preferred Stock Purchase Agreement (2bridge)
