Common use of Properties and Contracts Clause in Contracts

Properties and Contracts. Each of Amen and its Subsidiaries has good and defensible title to all property included in the financial statements included in its SEC Filings, free and clear of all liens, charges, encumbrances or restrictions, except (i) liens granted to a lender by Amen or a Subsidiary of Amen as described in the SEC Filings, (ii) statutory’ liens’ in favor of taxing authorities or others, and (iii) to the extent the failure to have such title ‘01’ the existence of such liens, charges, encumbrances or restrictions would not reasonably be expected to have a Material Adverse Effect. All material Contracts are valid, binding and enforceable against Amen or its Subsidiaries, as applicable, and, to the knowledge of Amen, are valid, binding and enforceable against the other par or parties thereto and are in full force and effect with only such exceptions as would not reasonably be expected to have a Material Adverse Effect. Amen and its Subsidiaries, and to their best knowledge, the other parties thereto, are not in default under any of the material Contracts, which default would reasonably be expected to have a Material Adverse Effect.

Properties and Contracts. Each of Amen and its Subsidiaries has good and defensible title to all property included in the financial statements included in its SEC Filings, free and clear of all liens, charges, encumbrances or restrictions, except (i) liens granted to a lender by Amen or a Subsidiary of Amen as described in the SEC Filings, (ii) statutory’ liens’ statutory liens in favor of taxing authorities or others, and (iii) to the extent the failure to have such title ‘01’ or the existence of such liens, charges, encumbrances or restrictions would not reasonably be expected to have a Material Adverse Effect. All material Contracts are valid, binding and enforceable against Amen or its Subsidiaries, as applicable, and, to the knowledge of Amen, are valid, binding and enforceable against the other par party or parties thereto and are in full force and effect with only such exceptions as would not reasonably be expected to have a Material Adverse Effect. Amen and its Subsidiaries, and to their best knowledge, the other parties thereto, are not in default under any of the material Contracts, which default would reasonably be expected to have a Material Adverse Effect.