Common use of Acquired Inventory Clause in Contracts

Acquired Inventory. Seller has provided or made available to Buyer a true, accurate and complete list of Seller's and its Subsidiaries' tangible inventory. All Acquired Inventory is (i) suitable and useable for the production or completion of services required under the Assumed Contracts in the Ordinary Course of Business as first quality goods, (ii) valued at actual cost, and (iii) the sole, unencumbered property of Seller or its Subsidiaries. No such Acquired Inventory items have been or are held by Seller or its Subsidiaries on consignment from or for the benefit of any other Person.