Good Title to Properties Sample Clauses

Good Title to Properties. The Company and its subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the business of the Company and its subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as are described in the Prospectus or such as do not materially affect the value of such property and do not interfere with the use made and proposed to be made of such property by the Company and its subsidiaries; and any real property and buildings held under lease by the Company and its subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as are not material and do not interfere with the use made and proposed to be made of such property and buildings by the Company and its subsidiaries.

Good Title to Properties. Borrower and each Subsidiary have good, marketable and legal title to all of the properties and assets each of them purports to own (including, without limitation, those reflected in the financial statements referred to in Sections 4.01(3) and 5.15 and only with exceptions which do not materially detract from the value of such property or assets or the use thereof in the Loan Parties’ and each Affiliate’s businesses, and except to the extent that any such properties and assets have been encumbered or disposed of since the date of such financial statements without violating any of the covenants contained in Article VII or elsewhere in this Agreement) and except where failure to comply with the foregoing would likely result in a Material Adverse Change. Borrower and its Subsidiaries enjoy peaceful and undisturbed possession of all leased property under leases which are valid and subsisting and are in full force and effect, except to the extent that the failure to be so would not likely result in a Material Adverse Change.

Good Title to Properties. The Company has good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by it which is material to the business of the Company, in each case free and clear of all liens, encumbrances and defects except such as are described in the Prospectus or such as do not materially affect the value of such property and do not interfere with the use made and proposed to be made of such property by the Company; and any real property and buildings held under lease by the Company are held by it under valid, subsisting and enforceable leases with such exceptions as are not material and do not interfere with the use made and proposed to be made of such property and buildings by the Company.

Good Title to Properties. The Borrower has good and marketable title to its properties and assets, subject to no Liens of any kind, except such as are permitted under Section 9.03 hereof.

Good Title to Properties. Each of the Borrower and its Subsidiaries has good and marketable title to substantially all its properties and assets, including, without limitation, the Collateral, subject to no Liens, except such as would be permitted under Section 6.1.

Good Title to Properties. Borrower and each of its Affiliates have good, marketable and legal title to all of the properties and assets each of them purports to own (including, without limitation, those reflected in the December 31, 1995 financial statements referred to in Section 5.13) and, in the case of all of Borrower's shopping center properties, only with exceptions which do not materially detract from the value of such property or assets or the use thereof in Borrower's and such Affiliate's business, and except to the extent that any such properties and assets have been encumbered or disposed of since the date of such financial statements without violating any of the covenants contained in Article VII or elsewhere in this Agreement. Borrower and its Affiliates enjoy peaceful and undisturbed possession of all leased property necessary in any material respect in the conduct of their respective businesses. All such leases are valid and subsisting and are in full force and effect.

Good Title to Properties. The Company and its Subsidiaries have good and marketable title to their respective properties and assets (except properties and assets that, in the aggregate, are not material to the Company and its Subsidiaries taken as a whole), subject to no Liens of any kind, except such as would be permitted under Section 5.10.

Good Title to Properties. (a) Except as set forth on Schedule 11.5 hereto, neither the Credit Parties nor any of their respective Subsidiaries own title to any real estate. Schedule 11.5 hereto correctly identifies, categorized by the Company or Subsidiary of the Company, each parcel of real estate leased or owned by or to the Company or any Subsidiary of the Company, together in each case with an accurate street address and description of the use of such parcel, and each other interest in real property owned, leased or granted to or held by the Company or any Subsidiary of the Company. All real property leased or owned by the Company and its Subsidiaries is set forth on Schedule 11.5. Neither the Company nor its Subsidiaries is lessor under any leases other than as set forth on Schedule 11.5. With respect to each such leased property (it being understood that the provisions of clauses (i) and (iii) below shall only apply to leases covering entire facilities or structures and not space leases) except as set forth on Schedule 11.5: (i) no structure owned or leased by the Company or any Subsidiary of the Company fails to conform in any material respect with applicable ordinances, regulations, zoning laws and restrictive covenants (including in any such case and without limitation those relating to environmental protection) nor encroaches upon property of others, nor is any such real property encroached upon by structures of others in any case in any manner that would reasonably likely have a Material Adverse Effect; (ii) no charges or violations have been filed, served, made or threatened, to the knowledge of the Company and its Subsidiaries, against or relating to any such property or structure or any of the operations conducted at any such property or structure, as a result of any violation or alleged violation of any applicable ordinances, requirements, regulations, zoning laws or restrictive covenants (including in any such case and without limitation those relating to environmental protection) or 130 as a result of any encroachment on the property of others where the effect of same is reasonably likely to have a Material Adverse Effect; (iii) other than pursuant to applicable laws, rules, regulations or ordinances, covenants that run with the land or provisions in the applicable leases or matters described on Schedule 11.5, there exists no restriction on the use, transfer or mortgaging of any such property; (iv) the Company and each of its Subsidiaries has adequate permanent rig...

Good Title to Properties. 27 Section 5.06 Taxes...............................................27 Section 5.07 ERISA...............................................27 Section 5.08 No Default on Outstanding Judgments or Orders.....