The Corporation has good and marketable title to, or good and valid leasehold interests in, its properties and assets, tangible and intangible, in each case free and clear of any Liens, other than (i) for liens for current taxes not yet due and payable, (ii) for liens imposed by law and incurred in the ordinary course of business for obligations not past due and which are not material, (iii) for liens in respect of pledges or deposits under workers’ compensation laws or similar legislation, and (iv) minor liens, encumbrances and defects in title which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Corporation, and which have not arisen otherwise than in the ordinary course of business.