Common use of Title to Properties; Liens and Encumbrances Clause in Contracts

Title to Properties; Liens and Encumbrances. The Company has good and marketable title to its properties and assets and, with respect to the property and assets leased by the Company, holds valid leasehold interests therein, in each case subject to no mortgage, pledge, lien, security interest, conditional sale agreement, encumbrance or charge, except (i) tax, materialmen’s or like liens for obligations not yet due or payable or being contested in good faith by appropriate proceedings, or (ii) liens arising from equipment loans entered into in the ordinary course of business.

Title to Properties; Liens and Encumbrances. The Company has good and marketable title to to, or in the case of leased properties and assets, valid and enforceable leaseholds or licensed interests in, all of its material properties and assets. Such properties and assets and, with respect to the property and assets leased by the Company, holds valid leasehold interests therein, in each case are not subject to no any mortgage, pledge, lien, security interest, conditional sale sales agreement, encumbrance or charge, except (i) tax, materialmen’s or like liens for obligations current taxes not yet due or and payable or being contested in good faith by appropriate proceedings, or (ii) and mechanics liens arising from equipment loans entered into incurred in the ordinary course of business. The Company's properties and assets are in good condition and repair in all material respects.

Title to Properties; Liens and Encumbrances. The Company has good and marketable title to its properties and assets and, with respect to the property and assets leased by the Company, holds valid leasehold interests therein, in each case subject to no mortgage, pledge, lien, security interest, conditional sale agreement, encumbrance or charge, except (i) tax, materialmen’s 's or like liens for obligations not yet due or payable or being contested in good faith by appropriate proceedings, or (ii) liens arising from equipment loans entered into in the ordinary course of business.

Title to Properties; Liens and Encumbrances. The Company has good and marketable title to all of its properties and assets andassets, with respect both real and personal, and has good title to the property and assets leased by the Company, holds valid all its leasehold interests thereininterests, in each case subject to no mortgageonly liens, pledge, lien, security interest, and conditional sale agreement, encumbrance or charge, except (i) tax, materialmen’s or like liens for obligations not yet due or payable or being contested in good faith by appropriate proceedings, or (ii) liens arising from equipment loans entered into agreementscreated in the ordinary course of business. The Company's assets are not subject to any pledge or charges, of any kind whatsoever, except certain pledges imposed on certain motor vehicles and the first -ranking floating charge on all its assets which have been registered in favor of the Purchasers.

Title to Properties; Liens and Encumbrances. The Company has good and marketable title to its properties and assets and, with respect to the property and assets leased by the Company, holds valid leasehold interests therein, in each case subject to no mortgage, pledge, lien, security interest, conditional sale agreement, encumbrance or charge. With respect to the assets it leases, except (i) tax, materialmen’s or like liens for obligations not yet due or payable or being contested the Company is in good faith by appropriate proceedings, or (ii) liens arising from equipment loans entered into in the ordinary course of businessmaterial compliance with such leases.