Titles, etc. (a) Except as set out in Schedule 7.10, it and its Restricted Subsidiaries have good and marketable title to their material Properties, (i) except in cases where the failure to have said good and marketable title would not result in a Material Adverse Effect and (ii) free and clear of all Liens, except Liens permitted by Section 9.02. (b) All leases and agreements necessary for the conduct of the business of it and its Restricted Subsidiaries are valid and subsisting, in full force and effect and there exists no default or event or circumstance which with the giving of notice or the passage of time or both would give rise to a default under any such lease or agreement and which default, event or circumstance would result in a Material Adverse Effect.
Appears in 3 contracts
Sources: Senior Secured Credit Agreement (Exterran Partners, L.P.), Senior Secured Credit Agreement (Universal Compression Partners, L.P.), Senior Secured Credit Agreement (Universal Compression Partners, L.P.)
Titles, etc. (a) Except as set out forth in Schedule 7.10, it such Obligor and its Restricted Subsidiaries have good and marketable title to their material Properties, (i) except in cases where the failure to have said good and marketable title would not result in a Material Adverse Effect and (ii) free and clear of all Liens, except Liens permitted by Section 9.02Permitted Liens.
(b) All leases and agreements necessary for the conduct of the business of it such Obligor and its Restricted Subsidiaries are valid and subsisting, in full force and effect and there exists no default default, or event or circumstance which with the giving of notice or the passage of time or both would give rise to a default default, under any such lease or agreement and which default, event or circumstance would result in a Material Adverse Effect.
Appears in 1 contract
Sources: Senior Secured Credit Agreement (Exterran Partners, L.P.)
Titles, etc. (a) Except as set out in Schedule 7.10, it and its Restricted Subsidiaries have good and marketable title to their material Properties, (i) except in cases where the failure to have said good and marketable title would not result in a Material Adverse Effect and (ii) free and clear of all Liens, except Liens permitted by Section 9.0210.02.
(b) All leases and agreements necessary for the conduct of the business of it and its Restricted Subsidiaries are valid and subsisting, in full force and effect and there exists no default or event or circumstance which with the giving of notice or the passage of time or both would give rise to a default under any such lease or agreement and which default, event or circumstance would result in a Material Adverse Effect.
Appears in 1 contract
Sources: Senior Secured Credit Agreement (Universal Compression Holdings Inc)