Common use of Assets Other Than Real Property Clause in Contracts

Assets Other Than Real Property. Spectrum has good and marketable ------------------------------- title to all tangible assets reflected on the Financial Statement or acquired after the date thereof, except those since sold or otherwise disposed of for fair value in the ordinary course of business, in each case free and clear of all liens. All the tangible personal property owned by Spectrum is in all material respects in good operating condition and repair, ordinary wear and tear excepted, and all personal property leased by Spectrum is in all material respects in the condition required of such property by the terms of the lease applicable thereto during the term of such lease and upon expiration thereof.