Common use of Title to Assets; No Encumbrances Clause in Contracts

Title to Assets; No Encumbrances. Parent, each of the Loan Parties and each of their respective Subsidiaries has (a) good, sufficient and legal title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good and marketable title to (in the case of all other personal property), all of their respective assets (except for assets with a fair market value and net book value of not more than $500,000 in the aggregate) reflected in their most recent financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial statements to the extent permitted hereby. All of such assets are free and clear of Liens except for Permitted Liens.

Title to Assets; No Encumbrances. Parent, each Each of the Loan Parties and each of their respective its Subsidiaries has (a) good, good sufficient and legal title to (in the case of fee or freehold interests in Real Property), (b) valid leasehold interests in or other rights to use (in the case of leasehold and other similar non-fee or non-freehold interests in real property or in personal property), and (c) good and marketable title to (in the case of all other personal property), all of their respective material assets (except for assets with a fair market value and net book value of not more than $500,000 in the aggregate) reflected in their most recent financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial statements to the extent permitted hereby. All of such assets are free and clear of Liens except for Permitted Liens.

Title to Assets; No Encumbrances. Parent, each Each of the Loan Parties and each of their respective its Subsidiaries has (ai) good, sufficient and legal title (other than immaterial defects) to (in the case of fee interests in Real Property), (bii) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (ciii) good and marketable title (other than immaterial defects) to (in the case of all other personal property), all of their respective material assets (except for assets with a fair market value and net book value of not more than $500,000 in the aggregate) reflected in their most recent financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial statements to the extent permitted hereby. All of such assets are free and clear of Liens except for Permitted Liens.