Common use of Title to and Location of Property Clause in Contracts

Title to and Location of Property. Borrower and its Subsidiaries have valid title to the Property (other than assets which are the subject of a Capital Lease Obligation) reflected in the balance sheet described in Section 4.5(b), other than items of Property or exceptions to title which are in each case immaterial and Property subsequently sold or disposed of in the ordinary course of business. Such Property is free and clear of all Liens and Rights of Others, other than Liens or Rights of Others described in Schedule 4.7A and Permitted Encumbrances and Permitted Rights of Others. All Property of Borrower and its Subsidiaries is located at one of the locations described in Schedule 4.7B.

Title to and Location of Property. Borrower The Borrowers and its their Subsidiaries have valid title to the Property (other than assets which are the subject of a Capital Lease ObligationLease) reflected in the balance sheet financial statements described in Section 4.5(b)4.6, other than items of Property or exceptions to title which are in each case immaterial and Property subsequently sold or disposed of in the ordinary course of business. Such Property of the Borrowers and the Subsidiaries is free and clear of all Liens and Rights of Others, other than Liens or Rights of Others described in Schedule 4.7A and Permitted Encumbrances and Permitted Rights of Othersthose permitted under Section 6.9. All Property of Borrower the Borrowers and its their Subsidiaries is located at one of the locations described in Schedule 4.7B.4.8.