Title to Properties; Priority of Liens. Borrower has good, indefeasible and marketable title to and fee simple ownership of, or valid and subsisting leasehold interests in, all of its real property, and good title to all of the Collateral and all of its other property, in each case free and clear of all Liens except Permitted Liens.
Appears in 3 contracts
Sources: Financing Agreement (Emerge Interactive Inc), Financing Agreement (Simcala Inc), Financing Agreement (Simcala Inc)
Title to Properties; Priority of Liens. As of the date hereof, each Borrower and each of its Subsidiaries has good, indefeasible good and marketable title to and fee simple ownership of, or valid and subsisting leasehold interests in, all of its real propertyProperty, and good title to all of its personal Property (other than the Collateral and Collateral), including all of its other property, Property reflected in each case free and clear of all Liens except Permitted Liensthe financial statements referred to in Section 8.1.9 or delivered pursuant to Section 9.1.
Appears in 3 contracts
Sources: Loan and Security Agreement (Standard Register Co), Loan and Security Agreement (Standard Register Co), Loan and Security Agreement (Standard Register Co)
Title to Properties; Priority of Liens. Each Borrower and each of their Subsidiaries has good, indefeasible and marketable title to and fee simple ownership of, or valid and subsisting leasehold interests in, all of its real propertyReal Property, and good title to all of the Collateral and all of its other propertyCollateral, in each case case, free and clear of all Liens except Permitted Liens. Borrowers have paid or discharged all lawful claims which, if unpaid, might become a Lien against any of Borrowers' Properties that is not a Permitted Lien.
Appears in 1 contract
Title to Properties; Priority of Liens. Borrower and each Guarantor has good, indefeasible good and marketable title to and fee simple ownership of, (or valid and subsisting leasehold interests in, ) all of its real property, and good title to all of the Collateral and all of its other property, personal property in each case free and clear of all Liens (except Permitted Liensfor Liens permitted under Section 8.2.2).
Appears in 1 contract
Sources: Loan Agreement (Audioeye Inc)
Title to Properties; Priority of Liens. Borrower has good, indefeasible and marketable title to and fee simple ownership of, or valid and subsisting leasehold interests in, all of its real property, and good title to all of the Collateral and all of its other propertyProperty, in each case case, free and clear of all Liens except Permitted Liens. Borrower has paid or discharged all known lawful claims which, if unpaid, might become a Lien against any of Borrower's Properties that is not a Permitted Lien. The Liens granted to Lender under Section 5 hereof are first priority Liens, subject only to Permitted Liens.
Appears in 1 contract
Sources: Loan and Security Agreement (Meade Instruments Corp)
Title to Properties; Priority of Liens. Borrower has good, indefeasible and marketable title to and fee simple ownership of, or valid and subsisting leasehold interests in, all of its real property, and good title to all of the Collateral and all of its other propertyProperty, in each case case, free and clear of all Liens except Permitted Liens. Borrower has paid or discharged all lawful claims which, if unpaid, might become a Lien against any of Borrower's Properties that is not a Permitted Lien. The Liens granted to Lender under Section 5 hereof are first priority Liens, subject only to Permitted Liens.
Appears in 1 contract
Sources: Loan and Security Agreement (Meade Instruments Corp)
Title to Properties; Priority of Liens. Borrower has good, indefeasible and marketable title to and fee simple ownership of, or valid and subsisting leasehold interests in, all of its real propertyProperty, and good title to all of the Collateral and all of its other property, in each case free and clear of all Liens except Permitted Liens.all
Appears in 1 contract
Sources: Loan and Security Agreement (First Aviation Services Inc)