Ownership and Conditions of Assets Sample Clauses

Ownership and Conditions of Assets. 3.1 Except as otherwise indicated, none of the Equity and Assets in connection with the Inspection and Maintenance Business is subject to any encumbrance of any form. In the event of any legal proceedings in respect of any guarantees or any other disputes arising prior to the Closing Date, such proceedings or disputes shall be assumed by the appropriate unlisted companies, i.e. Jinzhou Petrochemical Limited Design House, PetroChina Jinxi Petrochemical Design House, Jihua Group Mechanics Limited, CNPC Fushun Engineering Supervision Limited and Northeast China Branch Company, CNPC Engineering Design Limited. Details regarding the Equity and Assets in connection with the Inspection and Maintenance Business set forth in Exhibit 2 are true, complete and accurate in all respects.
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Ownership and Conditions of Assets. 3.1 Except as otherwise indicated, the Equity is not subject to any encumbrance of any form. In the event of any legal proceedings or disputes in respect of any guarantees or any other issue existing prior to the Closing Date, such proceedings or disputes shall be the responsibility of Party A.
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Ownership and Conditions of Assets. 3.1 Except as otherwise indicated, none of the Western Pipeline Assets are subject to any encumbrance of any form. In the event of any legal proceedings in respect of financial guarantees or any other disputes arising prior to the Closing Date, such proceedings or disputes shall be assumed by Party A. Details regarding the Western Pipeline Assets set forth in Exhibit 2 are true, complete and accurate in all aspects.
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Ownership and Conditions of Assets. 3.1 Except as otherwise indicated, none of the Risk Operation Service Business Assets is subject to any encumbrance of any form. In the event of any legal proceedings in respect of financial guarantees or any other disputes arising prior to the Closing Date, such proceedings or disputes shall be assumed by the appropriate unlisted companies, i.e. Xinjiang Petroleum Administration Bureau or Tuha Petroleum Exploration & Development Headquarters. Details regarding the Risk Operation Service Business Assets set forth in Exhibit 2 are true, complete and accurate in all respects. EXHIBIT 2 Scope of the Risk Operation Service Business Assets The Risk Operation Service Business Assets cover the principal business of such second-level entities of Xinjiang Petroleum Administration Bureau as less-profitable oilfield development companies, cooperative development and oil extraction operation areas, and the Oil and Gas Cooperative Development Company of Tuha Petroleum Exploration and Development Headquarters, including but not limited to, assets relating to the Risk Operation Business and the assets, liabilities and interests associated therewith, which in particular, include the following assets:
Sample 1
Ownership and Conditions of Assets. 3.1 Except as otherwise indicated, none of the Risk Operation Service Business Assets are subject to any encumbrance of any form. In the event of any legal proceedings in respect of financial guarantees or any other disputes arising prior to the Closing Date, such proceedings or disputes shall be assumed by Party A. Details regarding the Risk Operation Service Business Assets set forth in Exhibit 2 are true, complete and accurate in all aspects.
Sample 1
Ownership and Conditions of Assets. 3.1 Except as otherwise indicated, none of the Target Assets are subject to any encumbrance of any form. In the event of any legal proceedings in respect of financial guarantees or any other disputes arising prior to the Closing Date, such proceedings or disputes shall be assumed by Party A. Details regarding the Target Assets set forth in Exhibit 2 are true, complete and accurate in all aspects.
Sample 1

Related to Ownership and Conditions of Assets

  • Ownership and Condition of Assets (a) The Seller is the true and lawful owner, and has good title to, all of the Acquired Assets, free and clear of all Security Interests, except as set forth in Section 2.10(a)(i) of the Disclosure Schedule. Upon execution and delivery by the Seller to the Buyer of the instruments of conveyance referred to in Section 1.5(b)(iii), the Buyer will become the true and lawful owner of, and will receive good title to, the Acquired Assets, free and clear of all Security Interests other than those set forth in Section 2.10(a)(ii) of the Disclosure Schedule.

  • Agreements and Conditions On or before the Closing Date, Seller shall have complied with and duly performed and satisfied in all material respects all agreements and conditions on its part to be complied with and performed by such date pursuant to this Agreement.

  • Title to and Condition of Assets Seller has good and marketable title to (or, with respect to any Assets that are leased, a valid leasehold interest in) all of the Assets to be acquired by TJC at the Closing, free from any liens, adverse claims, security interest, rights of other parties or like encumbrances of any nature. The Assets consisting of physical property are in good condition and working order, normal wear and tear excepted, and function properly for their intended uses.

  • Restrictions and Conditions (a) Any book entries for the shares of Restricted Stock granted herein shall bear an appropriate legend, as determined by the Administrator in its sole discretion, to the effect that such shares are subject to restrictions as set forth herein and in the Plan.

  • Terms and Conditions of Options The Options evidenced hereby are subject to the following terms and conditions:

  • Title and Condition of Assets Except for Lessee's leasehold interest in the Lease, the Lessee has good, marketable and legal title to its properties and assets. The Lessee has a good and valid leasehold interest in the Lease.

  • Restriction on Transfer of Assets The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, sell, lease, license, assign, transfer, spin-off, split-off, convey or otherwise dispose of any assets or rights of the Company or any Subsidiary owned or hereafter acquired whether in a single transaction or a series of related transactions, other than (i) sales, leases, licenses, assignments, transfers, conveyances and other dispositions of such assets or rights by the Company and its Subsidiaries in the ordinary course of business consistent with its past practice, (ii) sales of inventory and products in the ordinary course of business, (iii) sales of unwanted or obsolete assets, and (iv) sales for fair market value as determined in good faith by the Company’s board of directors.

  • Terms and Conditions of Option The Option evidenced by this Agreement is subject to the following terms and conditions, as well as the terms and conditions of Section 3 hereof.

  • Compliance with Agreements and Conditions Buyer shall have performed and complied with all material agreements and conditions required by this Agreement to be performed or complied with by Buyer prior to or on the Closing Date.

  • Limitations on Sale of Assets Convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, the sale of any receivables and leasehold interests and any sale-leaseback or similar transaction), whether now owned or hereafter acquired except:

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