Assets Necessary to Business. The Purchased Assets include all property and assets (except for the Excluded Assets), tangible and intangible, and all leases, licenses and other agreements, which are necessary to permit Buyer to carry on, or currently used or held for use in, the business of the Restaurant as presently conducted and as conducted immediately prior to the Closing Date.
Assets Necessary to Business. Company presently has and at the Closing will have good, valid and marketable title to all property and assets, tangible and intangible, and all leases, licenses and other agreements, necessary to permit Buyer to carry on the business of Company as presently conducted.
Assets Necessary to Business. The Company owns or leases all properties and assets, real, personal, and mixed, tangible and intangible, and is a party to all licenses, permits and other agreements necessary to permit it to carry on its business as presently conducted.
Assets Necessary to Business. The Assets constitute all of the assets, properties, licenses, real and personal property leases, permits, consents and other agreements which are presently being used or are reasonably related to the business and operations of the Business as presently conducted, except for the Excluded Assets.
Assets Necessary to Business. The Purchased Assets, together with the assets and rights licensed pursuant to the Assignment and Patent Assignment and Cross-License and Trademark License Agreement in the form of Exhibit A hereto, include all property and assets (except for the Excluded Assets), and all leases, licenses, and other agreements currently used by Company in the conduct of the Business. There are no Company-owned assets (except for the Excluded Assets), which are necessary to permit Buyer to carry on, or currently used or held for use in, the Business as presently conducted.
Assets Necessary to Business. The assets, properties, con tracts and rights of the Company and its subsidiaries include all of the assets, properties, contracts and rights that are necessary for the conduct of the Business in the manner as it is currently conducted, and are reflected in the May Balance Sheet (other than assets that have been sold or disposed of in the ordinary course of business and except that the sale or other disposition of the Designated Real Property pursuant to Section 4.1(c) may occur prior to Closing). The Company and each of its subsidiaries have maintained all of their tangible assets in good and normal operating condition, and all such assets are free and clear from all defects in all material respects, ordinary wear and tear excepted, and all such tangible assets are fully adequate and suitable for the purposes for which they are presently used.
Assets Necessary to Business. The Transferred Assets constitute all of the rights, properties and assets used, or held for use in, necessary for or otherwise relating to the conduct or operation of the Business as presently conducted. Seller is the sole owner of the Transferred Assets and the sole obligor with respect to the Assumed Liabilities. Immediately following the Closing, none of Seller or Parent (or any of their respective Affiliates) will own or lease any rights, properties or assets which are used or held for use in or necessary for the conduct of the Business as presently conducted, except for the Excluded Assets.
Assets Necessary to Business. Except for assets used by either Seller principally for accounting functions, the Acquisition Assets (provided Buyer replaces the Excluded Assets) are sufficient for Buyer to operate the Facility on and after the Closing Date in the same manner that Operator operated the Facility prior to the date of this Agreement.
Assets Necessary to Business. The Purchased Assets constitute all of the material assets, properties and rights used in or necessary for the conduct of the Business. Sellers are the sole owners of the Purchased Assets. Immediately following the Closing, none of Seller or any Affiliate of any Seller will own or lease any material assets, properties or rights which are used in or necessary for the conduct of the Business.
Assets Necessary to Business. Except as set forth on Schedule 3.15 and except for the Excluded Assets, the Fastener Business Assets, together with the assets of the Transferred Fastener Subsidiaries, constitute all the assets and properties used or held for use in connection with, necessary for, or material to the business and operations of the Fastener Business as presently conducted.
