PBY » Topics » Ownership of Property; Liens.

These excerpts taken from the PBY 10-K filed Apr 15, 2009.
Ownership of Property; Liens. 

 
(a)                                  Each of the Loan Parties and each Subsidiary thereof has good fee simple title to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, subject to any Permitted Encumbrances and except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  Each of the Loan Parties and each Subsidiary has good and marketable title to, valid leasehold interests in, or valid licenses to use all personal property and assets material to the ordinary conduct of its business, subject to any Permitted Encumbrances and except, as individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.
 
(b)                                 Schedule 5.08(b)(1) sets forth, as of the Closing Date, the address (including street address, county and state) of all Real Estate that is owned by the Loan Parties, together with a list of the holders of any mortgage Lien thereon, the maximum principal amount secured thereby, and the maturity date thereof.  Schedule 5.08(b)(2) sets forth the address (including street address, county and state) of all Leases of Real Estate of the Loan Parties, together with a list of the lessor and its contact information with respect to each such Lease as of the Closing Date.  Each of such Leases is in full force and effect and the Loan Parties are not in default of the terms thereof, except, in each case, as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
 
(c)                                  Schedule 7.01 sets forth a complete and accurate list of all Liens on the property or assets of each Loan Party and each of its Subsidiaries, showing as of the date hereof the lienholder thereof, the principal amount of the obligations secured thereby and the property or assets of such Loan Party or such Subsidiary subject thereto.  The property of each Loan Party and each of its Subsidiaries is subject to no Liens, other than Liens set forth on Schedule 7.01.
 
(d)                                 Schedule 7.02 sets forth a complete and accurate list of all Investments held by any Loan Party or any Subsidiary of a Loan Party on the date hereof, showing as of the date hereof the amount, obligor or issuer and maturity, if any, thereof.
 
(e)                                  Schedule 7.03 sets forth a complete and accurate list of all Indebtedness of each Loan Party or any Subsidiary of a Loan Party (other than intercompany Indebtedness) on the date hereof, showing as of the date hereof the amount, obligor or issuer and maturity thereof.
 

Ownership
of Property; Liens.
 



 


(a)                                  Each of the
Loan Parties and each Subsidiary thereof has good fee simple title to, or valid
leasehold interests in, all real property necessary or used in the ordinary
conduct of its business, subject to any Permitted Encumbrances and except for
such defects in title as could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.  Each of the Loan Parties and each Subsidiary
has good and marketable title to, valid leasehold interests in, or valid
licenses to use all personal property and assets material to the ordinary
conduct of its business, subject to any Permitted Encumbrances and except, as
individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect.


 


(b)                                 Schedule
5.08(b)(1)
 sets forth, as of the Closing Date, the
address (including street address, county and state) of all Real Estate that is
owned by the Loan Parties, together with a list of the holders of any mortgage
Lien thereon, the maximum principal amount secured thereby, and the maturity
date thereof.  Schedule 5.08(b)(2) sets
forth the address (including street address, county and state) of all Leases of
Real Estate of the Loan Parties, together with a list of the lessor and its
contact information with respect to each such Lease as of the Closing
Date.  Each of such Leases is in full
force and effect and the Loan Parties are not in default of the terms thereof,
except, in each case, as would not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.


 


(c)                                  Schedule 7.01 sets forth a
complete and accurate list of all Liens on the property or assets of each Loan
Party and each of its Subsidiaries, showing as of the date hereof the
lienholder thereof, the principal amount of the obligations secured thereby and
the property or assets of such Loan Party or such Subsidiary subject
thereto.  The property of each Loan Party
and each of its Subsidiaries is subject to no Liens, other than Liens set forth
on Schedule 7.01.


 


(d)                                 Schedule 7.02 sets forth a
complete and accurate list of all Investments held by any Loan Party or any
Subsidiary of a Loan Party on the date hereof, showing as of the date hereof
the amount, obligor or issuer and maturity, if any, thereof.


 


(e)                                  Schedule 7.03 sets forth a
complete and accurate list of all Indebtedness of each Loan Party or any
Subsidiary of a Loan Party (other than intercompany Indebtedness) on the date
hereof, showing as of the date hereof the amount, obligor or issuer and
maturity thereof.


 


EXCERPTS ON THIS PAGE:

10-K (2 sections)
Apr 15, 2009
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki