Common use of Title to Properties and Assets Clause in Contracts

Title to Properties and Assets. Each Group Company has good and marketable title to, and legally and beneficially owns or has valid leasehold interests or rights to use, all its property and assets, free and clear of all mortgages, liens, loans and encumbrances, except for liens for Taxation, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics and other liens imposed by law created in the ordinary course of business of the Group Company consistent with past practices for amounts not yet due.

Title to Properties and Assets. Each Group Company is in possession of and has good and marketable title to, and legally and beneficially owns or has valid leasehold interests in or valid rights under contract to use, all its property and assetsmachinery, free and clear of all mortgagesequipment, liensfurniture, loans and encumbrancesfixtures, except for liens for Taxation, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics vehicles and other liens imposed by law created in the ordinary course of properties and assets material for its business of the Group Company consistent with past practices for amounts not yet dueas currently conducted.

Title to Properties and Assets. Each Group Company has good and marketable title to, to its properties and legally and beneficially owns or has valid leasehold interests or rights to use, all its property and assets, assets held free and clear of all mortgagesany mortgage, lienspledge, loans and encumbranceslien, encumbrance, security interest or charge of any kind except for such encumbrances or liens for Taxation, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics and other liens imposed by law created that arise in the ordinary course of business that do not materially impair such Group Company’s ownership or use of the Group Company consistent with past practices for amounts not yet due.such property or

Title to Properties and Assets. Each Except as fairly disclosed, each Group Company is in possession of and has good and marketable title to, and legally and beneficially owns or has valid leasehold interests in or valid rights under contract to use, all its property and assetsmachinery, free and clear of all mortgagesequipment, liensfurniture, loans and encumbrancesfixtures, except for liens for Taxation, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics vehicles and other liens imposed by law created in the ordinary course of properties and assets material for its business of the Group Company consistent with past practices for amounts not yet dueas currently conducted.

Title to Properties and Assets. Each Group Company has good and marketable title to, and legally and beneficially owns or has valid leasehold interests or rights to useuse of, all its property and assets, free and clear of all mortgages, liens, loans and encumbrances, except for liens for TaxationTaxes, assessments or other governmental charges or levies not yet due, and statutory liens for landlords, carriers, warehousemen, mechanics mechanics, materialmen and other liens imposed by operation of law created in the ordinary course of business of the Group Company consistent with past practices for amounts not yet due.