Title to Properties; Liens and Encumbrances. The City, for and on behalf of its Department of Aviation, has good title in fee simple or valid and enforceable leaseholds to, all of its real property and valid and indefeasible ownership of all of its fixtures, equipment and other assets. No property of the City, for and on behalf of its Department of Aviation, is subject to liens that could individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Appears in 5 contracts
Sources: Non Revolving Credit Agreement, Revolving Credit Agreement, Bond Purchase Agreement