Common use of Moveable Property Clause in Contracts

Moveable Property. The Corporation and its Subsidiaries own, are entitled to use or hold all moveable property owned, used or held for use by them. Neither the Corporation nor any of its Subsidiaries’ ownership of or leasehold interest in any such moveable property is subject to any Encumbrances, except for Permitted Encumbrances.

Moveable Property. The Corporation and its Subsidiaries own, are entitled to use or hold all moveable property owned, used or held for use by them. Neither Except as disclosed in the Disclosure Letter, neither the Corporation nor any of its Subsidiaries’ ownership of or leasehold interest in any such moveable property is subject to any Encumbrances, except for Permitted Encumbrances.