Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to its properties and assets and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (a) those resulting from taxes which have not yet become delinquent, (b) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (c) those that have otherwise arisen in the ordinary course of business.
Appears in 49 contracts
Sources: Series a 1 Convertible Preferred Stock Purchase Agreement (K Wave Media Ltd.), Series a 1 Convertible Preferred Stock Purchase Agreement (K Wave Media Ltd.), Series a 1 Convertible Preferred Stock Purchase Agreement (K Wave Media Ltd.)
Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to its properties and assets assets, and has good title to all its leasehold estatesinterests, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (ai) those resulting from the lien of current taxes which have not yet become delinquentdue and payable, and (bii) possible minor liens and encumbrances which which, when considered individually or together, do not materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (c) those that which have not arisen otherwise arisen than in the ordinary course of business.
Appears in 3 contracts
Sources: Series I Preferred Stock Purchase Agreement (Oxis International Inc), Series I Preferred Stock Purchase Agreement (Oxis International Inc), Put Option Agreement (Biofarm Inc)
Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to its owned properties and assets and good title to a valid leasehold interest in its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (a) those resulting from taxes which have not yet become delinquent, (b) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (c) those that have otherwise arisen in the ordinary course of business.
Appears in 3 contracts
Sources: Series a Preferred and Common Stock Purchase Agreement (Telecom Communications Inc), Stock Purchase Agreement (Telecom Communications Inc), Series a Preferred and Common Stock Purchase Agreement (Intermix Media, Inc.)
Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to all of its properties and assets and good title it purports to its leasehold estatesown, in each case subject to no mortgage, pledge, lien, lease, security interest, encumbrance or charge, other than then (ai) those resulting from liens for current taxes which have not yet become delinquentdue and payable, and (bii) minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (c) those that which have otherwise not arisen other then in the ordinary course of business.
Appears in 2 contracts
Sources: Series B Preferred Stock Purchase Agreement (Air South Airlines Inc), Series C Preferred Stock Purchase Agreement (Air South Airlines Inc)
Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to its properties and assets assets, and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance encumbrance, or charge, other than (a) those liens resulting from taxes which have not yet become delinquent, or (b) minor liens and encumbrances liens, encumbrances, or defects of title which do not not, individually or in the aggregate, materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (c) those that have otherwise arisen in the ordinary course of business.
Appears in 2 contracts
Sources: Subordination Agreement, Subordination Agreement (Ellipse Technologies Inc)
Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to its properties and assets, including the properties and assets reflected in the most recent balance sheet, and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (a) those resulting from taxes which have not yet become delinquent, (b) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (c) those that have otherwise arisen in the ordinary course of business.
Appears in 2 contracts
Sources: Series B Preferred Stock Purchase Agreement (Blue Martini Software Inc), Series C Preferred Stock Purchase Agreement (Blue Martini Software Inc)
Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to its properties and assets assets, and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (ai) those resulting from taxes which have not yet become delinquent, (b) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (c) those that have otherwise arisen in the ordinary course of business.resulting
Appears in 2 contracts
Sources: Series B Preferred Stock Purchase Agreement (Genomica Corp /De/), Series B Preferred Stock Purchase Agreement (Genomica Corp /De/)
Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to its properties and assets and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (a) those resulting from taxes which have not yet become delinquent, and (b) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (c) those that have otherwise arisen in the ordinary course of business.
Appears in 1 contract
Sources: Common Stock Purchase Agreement (U.S. Auto Parts Network, Inc.)
Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to its properties and assets and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (ai) those resulting from taxes which have not yet become delinquent, (bii) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (ciii) those that have otherwise arisen in the ordinary course of business.
Appears in 1 contract
Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to its properties and assets and good title to all its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than than, or resulting from (a) those resulting from taxes which have not yet become delinquent, delinquent and (b) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (c) those that have otherwise arisen in the ordinary course of business. The Company owns no real property.
Appears in 1 contract
Sources: Series C Convertible Preferred Stock Purchase Agreement (Sento Corp)
Title to Properties and Assets; Liens, Etc. The Company and each of its subsidiaries has good and marketable title to its properties and assets and good title to its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance liens or chargeencumbrances, other than (ai) those resulting from taxes which that have not yet become delinquent, (bii) minor liens and encumbrances which that do not materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (ciii) those that have otherwise arisen in the ordinary course of business.
Appears in 1 contract
Sources: Common Stock Purchase Agreement (Onyx Software Corp/Wa)
Title to Properties and Assets; Liens, Etc. The Company Corporation has good and marketable title to its is properties and assets and good title to so its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance encumbrance, or charge, other than (aI) those resulting from taxes which have not yet become delinquent, (bii) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or materially impair the operations operation of the Companycorporation, and (ciii) those that have otherwise arisen in the ordinary course of business.
Appears in 1 contract
Sources: Convertible Debenture Purchase Agreement (Fibercore Inc)