Assets Used in the Business. 5.2.1. The assets owned by the Company together with any assets held under any hire or hire purchase rental or leasing agreement (the material details of which are contained in the Disclosure Letter) comprise all the assets necessary for the continuation of the Company's business as now carried on.
Assets Used in the Business. (a) Except as set forth on Schedule 5.21, the facilities and the other assets and property owned or leased by the Companies currently used in the conduct of the Business are in good operating condition and repair in all material respects, subject to normal wear and tear, and are suitable in all material respects for the purposes for which they are currently used.
Assets Used in the Business. The Assets constitute all of the assets, properties and rights used in the conduct of the Business, other than the Excluded Assets. The Sellers are the sole owners of the Assets and Assumed Liabilities. Immediately following the Closing, no Seller Entity (or any subsidiary thereof) will own or lease any assets, properties or rights which are used in or are necessary for the conduct of the Business, other than the Excluded Assets.
Assets Used in the Business. Except as set forth on Schedule 4.13, the Acquired Assets are the only material assets used by Seller to conduct the Business. Seller has caused the Acquired Assets to be maintained in accordance with normal business practice and all the Acquired Assets are in good operating condition and repair (ordinary wear and tear excepted) and are suitable for the purposes for which they have been used.
Assets Used in the Business. Except for the Excluded Assets, the Assets to be Acquired constitute all of the rights, properties, privileges and other assets used in the conduct of the Business as conducted by Seller since its acquisition of the Business in January 2000.
Assets Used in the Business. Lunn's assets as reflected on Lunn's Most Recent Balance Sheet are all of the assets and leaseholds used by Lunn in the conduct of its business as now being conducted, and are all xx xhe assets and leasehold interests necessary therefor.
Assets Used in the Business. TPG's assets are all of the assets and leaseholds used by TPG in the conduct of its business as now being conducted, and are all of the assets and leasehold interests necessary therefor.
Assets Used in the Business. The Sale Assets together with any assets held under any hire or hire purchase rental or leasing agreement that are used in relation to the Business (the material details of which are contained in the Disclosure Letter) constitute all the assets which are necessary for the continuation of the Business as now carried on by PS; and none of the Sellers' Associates (other than PS, PH or Pericom Software Inc. as regards the US Assets) owns leases, hires or otherwise has possession or control of any assets which are used in relation to the Business as now carried on by PS. Part 4 ------ INFORMATION TECHNOLOGY AND INTELLECTUAL PROPERTY ------------------------------------------------ Computer Equipment ------------------
Assets Used in the Business. 5.7.1 The Companies have the right to own, operate, use and maintain their properties and assets in the manner in which they are now operated, used and maintained and to conduct the business of the Companies as currently conducted. Schedule 5.7.1 sets forth a complete and accurate list of Pumping Equipment and Vehicles owned or used by the Companies in the operation of the Business. The Companies have good and marketable title to, or have a valid and enforceable leasehold or license to, its properties and assets used in the business. As of the Closing, all properties and assets used in the Business are free and clear of all Liens (including protective Lien filings) other than Permitted Liens, capital leases, financing arrangements, and free of any restrictions on use. 24 Capital Pumping
Assets Used in the Business. The Acquired Assets and the Excluded Assets constitute all of the rights, properties and assets used or held for use in or necessary for the conduct or operation of the Business as presently conducted consistent with past practice. Except as set forth on Schedule 4.4, each of the Sellers is the sole owner of the Acquired Assets and the Assumed Liabilities (except those Acquired Assets held pursuant to lease or license, in which case, the Sellers shall be the sole lessee or licensee, as the case may be). Except as set forth on Schedule 4.4, immediately following the Closing, none of the Sellers or Holder (or any of their respective Affiliates) will own, license or lease any rights, or have any rights with respect to, any properties or assets which are used or held for use in or necessary for the conduct of the Business as presently conducted.
