Title to Assets and Related Matters. The Company has good and ----------------------------------- marketable title to, valid leasehold interests in or valid licenses to use, all of the Company Assets, free from any Encumbrances except those specified in the Disclosure Schedule. The use of the Company Assets is not subject to any Encumbrances (other than those specified in the preceding sentence), and such use does not materially encroach on the property or rights of anyone else. All Company Real Property (defined below) and tangible personal property included in the Company Assets are suitable for the purposes for which they are used, in good working condition, reasonable wear and tear excepted, and are free from any known defects, except such minor defects that would not have a Material Adverse Effect.
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Sources: Merger Agreement (Ibah Inc), Merger Agreement (Ibah Inc)
Title to Assets and Related Matters. The Company has good and ----------------------------------- marketable title to, valid leasehold interests in or valid licenses to use, all of the Company their Assets, free from any Encumbrances except those specified in the Disclosure ScheduleSchedule 3.6. The use of the Company Assets is are not subject to any Encumbrances (other than those specified in the preceding sentence), and such use does not materially not, to the Seller's Knowledge, encroach on the property or rights of anyone else. All Company Real Property (defined below) and Except as set forth on Schedule 3.6, all tangible personal property (other than Inventory) included in the Company Assets are suitable for the purposes for which they are used, in good working condition, reasonable wear and tear excepted, and are free from any known defects, except such minor defects that would not have a Material Adverse Effect.
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Title to Assets and Related Matters. The Company has good and ----------------------------------- marketable title to, valid leasehold interests in or valid licenses to use, all of the Company Assets, free from any Encumbrances except those specified in the Disclosure ScheduleDISCLOSURE SCHEDULE. The use of the Company Assets is not subject to any Encumbrances (other than those specified in the preceding sentence), and such use does not materially encroach on the property or rights of anyone else. All Company Real Property (defined below) and tangible personal property included in the Company Assets are suitable for the purposes for which they are used, in good working condition, reasonable wear and tear excepted, and are free from any known defects, except such minor defects that would not have a Material Adverse Effect.
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