Common use of Title to Tangible Property Clause in Contracts

Title to Tangible Property. Except for assets disposed of in the ordinary course of business, the Company and the Subsidiaries have good and marketable title to each item of equipment and other tangible personal property reflected on the Balance Sheet as owned by the Company and the Subsidiaries, free and clear of all Encumbrances, except for Permitted Encumbrances.

Title to Tangible Property. Except for assets disposed of in the ordinary course of business, the Company Companies and the Subsidiaries have good and marketable title to each item of equipment and other tangible personal property reflected on the Balance Sheet as owned by the Company Companies and the Subsidiaries, free and clear of all Encumbrances, except for Permitted Encumbrances.