Common use of 2Excluded Assets Clause in Contracts

2Excluded Assets. Notwithstanding anything to the contrary in this Agreement, the following assets of Seller Parties (the "Excluded Assets") are not part of the sale and purchase contemplated hereby, are excluded from the Acquired Assets and shall be retained by Seller Parties and remain the property of Seller Parties following the Closing: (a) all assets and property of Seller Parties unrelated or not used by or in connection with the Business; (b) all vehicles, tractors, trailers and other rolling stock other than the Rolling Stock; (c) cash, checks, money orders, marketable securities, short-term instruments and other cash equivalents, funds in time and demand deposits or similar accounts, and any evidence of indebtedness issued or guaranteed by any Governmental Authority;

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (Seaboard Corp /De/)