Common use of Assets Necessary to Business Clause in Contracts

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.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Verbena Pharmaceuticals Inc), Agreement and Plan of Merger (Heratsi Pharmaceuticals), Agreement and Plan of Merger (Feris International, Inc.)

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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. Prior to Closing, the Company will make all records available to Omni with respect to all such material contracts.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Omni Usa Inc)

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. Item 3.18 of the Company Disclosure Schedule lists all of the material properties and assets of the Company and all material contracts to which it is a party or by which it is bound. Prior to Closing, the Company will make all records available to Splinternet with respect to all such material contracts.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Splinternet Holdings Inc)

Assets Necessary to Business. The Company presently owns or leases all properties property and assets, real, personal, personal and mixed, tangible and intangible, and is a party to all licensesleases, permits licenses and other agreements agreements, necessary to permit it it, upon the consummation of the transactions contemplated hereby, to carry on its business as presently conducted, subject to continuous availability of raw materials.

Appears in 1 contract

Samples: Capital Stock Purchase Agreement (Bad Toys Inc)

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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. Item 3.18 of the Company Disclosure Schedule lists all of the material properties and assets of the Company and all material contracts to which it is a party or by which it is bound. Prior to Closing, the Company will make all records available to Othnet with respect to all such material contracts.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Othnet Inc)

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. Item 3.18 of the Company Disclosure Schedule lists all of the material properties and assets of the Company and all material contracts to which it is a party or by which it is bound. Prior to Closing, the Company will make all records available to CHYU with respect to all such material contracts.

Appears in 1 contract

Samples: Agreement and Plan of Merger (China Youth Media, Inc.)

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