Acquire Assets Clause Samples
The 'Acquire Assets' clause defines the terms under which one party obtains ownership or control of specific assets from another party. Typically, this clause outlines the types of assets involved—such as equipment, intellectual property, or inventory—and details the process for transferring title, including any conditions precedent, representations, or warranties. Its core function is to ensure a clear and legally binding transfer of assets, thereby reducing the risk of disputes over ownership or the condition of the assets acquired.
Acquire Assets. To construct, purchase, receive or otherwise acquire any real or personal property;
Acquire Assets. Acquire assets for less than fair value;
Acquire Assets. Acquire, announce an intention to acquire, offer or propose to acquire, solicit an offer to sell or agree to acquire by purchase, by gift, by joining a Group or otherwise, assets, businesses, or properties of the Company or the Bank;
Acquire Assets. Acquire assets with an aggregate value of greater than $1,000,000 within any fiscal year for use in its business operations by means of lease, sale leaseback or otherwise in any manner which results in title to said assets being held or retained by a party other than the Borrower and which results in the Lender being unable to maintain a security interest or lien with respect to said asset of the same type and priority which would exist if the Borrower owned any said asset;
Acquire Assets. Without the prior written consent of the Bank, which consent shall not be unreasonably withheld, delayed or conditioned, except for the acquisition of Zonetrader and ▇▇▇▇▇-▇▇▇▇▇▇▇▇ in accordance with Section 8.10 of this Agreement, acquire or expend for, or commit itself to acquire or expend for assets by lease, purchase or otherwise in an aggregate amount in excess of Three Million Dollars ($3,000,000) in cash plus balance sheet liabilities in excess of acquired assets in any fiscal year.
Acquire Assets. Acquire all or a substantial part of the assets or ownership interests of any Person, except for the acquisition of the assets of Concert Group Logistics, LLC in accordance with the terms of the CGL Asset Purchase Agreement.