The Company and the Company Subsidiaries have good title to or, in the case of property held or used under a lease and any other Contractual Obligation, an Enforceable right to use, all of the properties and assets used in or necessary to the conduct of the Business (collectively, the “ Assets ”). The Assets that are owned by the Company or any Company Subsidiary are not subject to any Lien, other than Liens described on Schedule 4.7.1 and Liens which, individually or in the aggregate, have not had and are not reasonably likely to have a Material Adverse Effect.