Owned Property Clause Samples

Owned Property. We do not cover property damage to property owned by any insured or any other resident of any insured's household. This includes expenses and costs incurred by any insured or others to repair, replace, restore or maintain such property to prevent injury to a person or damage to property of others, whether on or away from an insured location.

Owned Property. Section 5.14

Owned Property. Borrower and the Material Subsidiaries have, respectively, good and marketable fee title to all the real property reflected in the Borrower Financial Statements, and good and marketable title to all other property and assets reflected in the Borrower Financial Statements, except for (a) real property and other assets acquired and/or being acquired from debtors in full or partial satisfaction of obligations owed to Subsidiary Bank, (b) property or other assets leased by Borrower or any Material Subsidiary, and (c) property and assets acquired, sold or otherwise disposed of for their fair market value subsequent to the date of the Borrower Financial Statements. Except for property and other assets acquired and/or being acquired from debtors in full or partial satisfaction of obligations owed to Subsidiary Bank and property or other assets leased by Borrower or any Material Subsidiary, all property and assets of any kind (real or personal, tangible or intangible) of Borrower and any Material Subsidiary are free from any liens, encumbrances or defects in title, except for (a) Permitted Liens and (b) such defects in title as would not be reasonably expected to have a Material Adverse Effect. Except as identified in Section 4.5.1 of the Disclosure Schedule or as may be filed in connection with any Permitted Lien, no financing statement under the UCC that names Borrower or any Material Subsidiary as debtor has been filed and none of the Borrower nor any Material Subsidiary has signed any financing statement or any pledge agreement authorizing any secured party thereunder to file any such financing statement.

Owned Property. 8 1.48 Pay TV . . . . . . . . . . . . . . . . . . . . . . . .8 1.49

Owned Property. 4 1.21 Party...................................................................................4 1.22 Permitted Liens.........................................................................4 1.23 Person..................................................................................4

Owned Property. 22 Parent........................1

Owned Property. Section 4.14.1 Patents............................................. Section 4.15 Person.............................................. Section 15.4 Plan Affiliate................................. Section 4.17.5(c) Purchased AR......................................... Section 2.2 Real Property..................................... Section 4.14.1 Registration Statements............................ Section 4.3.3 Resolution Period.................................. Section 2.3.5 Restricted Shares................................... Section 12.1 (xii) Returns........................................... Section 4.16.1 Schedules............................................ Section 7.3 SEC................................................ Section 4.3.3 Securities Act..................................... Section 4.3.3 Seller.............................................. Introduction Special Bonus Plan................................... Section 2.6 Stock Consideration................................ Section 2.1.1 Stockholders Agreement........................... Section 10.2(f) Surviving Corporation................................ Section 1.2 Target............................................... Section 2.6 Tax Accrual.......................................... Section 2.6 Taxes............................................. Section 4.16.2 Territory........................................ Section 13.1(a) Third Party Claim.................................. Section 9.3.1 Trade Secrets....................................... Section 4.15 Underwriters....................................... Section 8.1.1 Voting Agreement.................................... Introduction (xiii) MERGER AGREEMENT THIS MERGER AGREEMENT (this "AGREEMENT") is made as of March 31, 1999, by and among CenterPoint Advisors, Inc., a Delaware corporation ("CENTERPOINT"), ▇▇▇▇▇▇▇ Mergersub Inc., a Delaware corporation and wholly owned subsidiary of CenterPoint ("MERGERSUB"), ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇, C.P.A.s, L.L.C., a Maryland limited liability company (the "SELLER"), ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇, Certified Public Accountants, A Professional Corporation, a Maryland professional corporation (the "COMPANY"), and the members of Seller identified on Exhibit A to this Agreement (each a "MEMBER" and, collectively, the --------- "MEMBERS").

Owned Property. The Administrative Agent shall have received, with respect to each Owned Property, each of the following, in form and substance reasonably satisfactory to the Administrative Agent: (i) evidence that a counterpart of each Mortgage of Owned Property has been recorded in the place necessary, in the Administrative Agent’s judgment, to create a valid and enforceable first priority Lien in favor of the Administrative Agent for the benefit of itself and the Lenders; (ii) a mortgagee’s title insurance policy in the amount specified by the Administrative Agreement on the American Land Title Association form of mortgagee’s title policy (2006 Revision), subject to (if available in the jurisdiction where such Owned Property is located) an ALTA form 8.1 environmental protection lien endorsement, an ALTA form 9 comprehensive endorsement, ALTA forms 14 (future advance-priority) and 14.2 (future advance-letter of credit) endorsement, an ALTA form 18.1 tax parcel endorsement, an ALTA form 19 contiguity endorsement (if applicable), a survey endorsement and a utility facility endorsement. The coverage provided by the title insurance policy shall not be subject to the standard exceptions as to rights of parties in possession and matters which would be disclosed by survey, easements not shown by the public records and mechanic’s liens not shown by the public records (unless the title insurance policy is subject to an endorsement providing for the deletion of such exceptions upon the receipt by the title insurance company of a satisfactory ALTA survey), and otherwise the coverage shall be subject to no exceptions other than (A) easements and use restrictions and encroachments disclosed by survey which do not materially and adversely affect the value or marketability of the Owned Property or the usefulness of the Owned Property in the operations of the Loan Parties and (B) Liens described in the exceptions enumerated in Section 6.02; (iii) a Minimum Standards Detail Land Title Survey together with a Minimum Standards Detail Certificate prepared by a registered land surveyor or engineer prepared by a registered land surveyor or engineer. Such survey shall locate all recorded easements with recording information and contain a statement as to whether or not the real estate is in a flood plain; (iv) a completed Flood Hazard Determination Form pursuant to the requirements of the Office of the Comptroller of the Currency and the Federal Emergency Management Agency; (v) the report or r...

Owned Property. Section 4.13.1 Patents....................................................... Section 4.14 person........................................................ Section 14.4 Plan Affiliate................................................ Section 4.17.5(c) Prospectus.................................................... Section 7.2.1 Purchase...................................................... Introduction