Common use of Tangible Property and Assets Clause in Contracts

Tangible Property and Assets. 3.9.1. The Company does not own any real estate property. Section 3.9.1 to the Schedule of Exceptions includes an accurate and complete list of all tangible property and assets owned or leased by the Company (the “Tangible Property”), specifically stating, for each such item of tangible property, whether it is owned or leased by the Company. No item of such Tangible Property is shared by the Company with any other party, and, the Company does not depend for its business upon any assets, facilities or services owned or supplied by any affiliate of the Company. 3.9.2. Except as set forth in Section 3.9.2 of the Schedule of Exceptions. (a) The Company has good and marketable title to, or a valid leasehold interest in all items of the Tangible Property, free and clear of any limitation whatsoever, including, without limitation, free and clear of any Security Interests, loans, options and third party rights, claims, restrictions or interests of any kind, contractual or otherwise, restrictions on transfer, preemptive or similar rights (collectively, “Limitations”). (b) With respect to all items of Tangible Property leased by the Company, the Company is in compliance with all terms and conditions applicable to such leases. (c) The Company has the right to use all Tangible Property to the full extent without any Limitation whatsoever.