Common use of Titles to Properties Clause in Contracts

Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as necessary to the conduct of its business as currently conducted and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the most recently delivered Consolidated balance sheets of the Borrower and its Subsidiaries delivered pursuant to Clause 19 (Information Undertakings), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to the dates of such balance sheets which dispositions have been in the ordinary course of trading or as otherwise expressly permitted under this Agreement.

Appears in 4 contracts

Samples: Operation and Maintenance Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

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Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as necessary to the conduct of its business as currently conducted and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the most recently delivered Consolidated balance sheets of the Borrower and its Subsidiaries delivered pursuant to Clause 19 Schedule 2 (Information UndertakingsConditions Precedent), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to the dates of such balance sheets which dispositions have been in the ordinary course of trading or as otherwise expressly permitted under this Agreement.

Appears in 2 contracts

Samples: Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

Titles to Properties. Each of the Borrower Credit Parties and its Subsidiaries has such title to or valid leasehold interest in (as applicable) the material real property owned or leased by it as is necessary or desirable to the conduct of its business as currently conducted and valid and legal title to all of its material personal property and assets, including, but not limited to, those reflected on the most recently delivered Consolidated balance sheets of the Borrower Company and its Subsidiaries delivered pursuant to Clause 19 (Information UndertakingsSection 6.1(o), except those which have been disposed of by the Borrower Credit Parties or its Subsidiaries subsequent to the dates such date of such balance sheets which dispositions have been in the ordinary course of trading business or as otherwise expressly permitted under this Agreementhereunder.

Appears in 1 contract

Samples: Credit Agreement (PRA International)

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Titles to Properties. Each of the Borrower and its Subsidiaries has such title to the real property owned or leased by it as necessary to the conduct of its business as currently conducted and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the most recently delivered Consolidated balance sheets of the Borrower and its Subsidiaries delivered pursuant to Clause 19 18 (Information Undertakings), except those which have been disposed of by the Borrower or its Subsidiaries subsequent to the dates of such balance sheets which dispositions have been in the ordinary course of trading or as otherwise expressly permitted under this Agreement.

Appears in 1 contract

Samples: Facility Agreement (Globalstar, Inc.)

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