Personal Property, etc. All tangible and intangible ----------------------- personal property, equipment, machinery, furniture, fixtures, tools, computer hardware, supplies and other assets, wherever located, used or useable in the operation of the Stores.
Personal Property, etc. Except as listed on Schedule 4.08, the Company and each Subsidiary has good and marketable title or a valid leasehold or license interest in each item of personal property used primarily by it in the Business, and which is material to the Company and its Subsidiaries, taken as a whole, free and clear of any security interests or encumbrances of every kind, nature and description, except for such as are not, individually or in the aggregate, material to the Company and its Subsidiaries, taken as a whole, and all material operating assets of the Company and each Subsidiary are in good operating condition and repair, normal wear and tear excepted. The assets and properties of the Company and its Subsidiaries are adequate to conduct their respective operations as currently conducted. The inventory to be included on the Final Balance Sheet will be current, merchantable, usable, and as to finished goods, resalable at normal prices and discounts in the ordinary course of business, excluding inventory which may thereafter be written off in the ordinary course of business and consistent with past practice. The quantity of said inventory on the Closing Date will be at a level consistent with the past practice of the Business.
Personal Property, etc. Seller has not pledged, assigned, hypothecated or transferred any of its right, title or interest in any of the personal or intangible personal property constituting the Property, other than any FF&E subject to Equipment Leases, or in connection with Seller’s existing financing of the Property, if any, which shall be paid in full at the Closing. Except for any FF&E subject to Equipment Leases, Seller has good and valid title to the Personal Property, FF&E, OS&E, Inventory, Intellectual Property, and Retail Merchandise which shall be free and clear of any lien, pledge, charge, security interest, encumbrance, title retention agreement, adverse claim or restriction as of the Closing.
Personal Property, etc. Except as set forth on SCHEDULE 2.9, each of the Subsidiaries has good title to or a valid leasehold, license or other similar interest in each item of personal property used primarily by it and which is material to such Subsidiary, free and clear of all Liens, except for Permitted Liens. Except as set forth on SCHEDULE 2.9, the Seller has good title to or a valid leasehold, license or other similar interest in each item of personal property which is part of the Purchased Assets, free and clear of all Liens, except for Permitted Liens. Except as set forth on SCHEDULE 2.9, the material operating assets used in the Cyrk CPG Business or the business of each Subsidiary are, to the knowledge of the Seller, in adequate condition to conduct such businesses as the same is conducted on the date hereof, except to the extent not material to, taken as a whole, the Cyrk CPG Business and the business of each of the Subsidiaries.
Personal Property, etc. Except as listed on Schedule 4.08, the Company and each Subsidiary has good title or a valid leasehold or license interest in each item of personal property used by it in its business, and which is material to the Company and its Subsidiaries, taken as a whole, free and clear of any security interests or encumbrances of every kind, nature and description, except for such as are not, individually or in the aggregate, material to the Company and its Subsidiaries, taken as a whole, and the operating assets of the Company and each Subsidiary are, in the aggregate, in good operating condition and repair, normal wear and tear excepted. The assets and properties of the Company and its Subsidiaries are adequate to conduct their respective operations as currently conducted.
Personal Property, etc. The Company and the Subsidiary has good title to or a valid leasehold or license interest in each item of personal property used by it in the Business (including good and marketable title to all assets reflected on the Balance Sheet, except for accounts receivable collected and inventory disposed of in the ordinary course since the Balance Sheet Date), free and clear of any security interests, liens, restrictions and encumbrances of every kind, nature and description. Except as set forth on Schedule 2.10, the assets and properties of the Company and the Subsidiary, together with the benefits and services provided under the Transition Service Agreements, include all assets currently used in the conduct of the Business and are adequate to conduct the operations of the Company and the Subsidiary as currently conducted.
Personal Property, etc. Except as listed on SCHEDULE 2.06, (a) the Company has good title to or a valid leasehold or license interest in each item of personal property that constitutes the Purchased Assets and (b) Cepillos has good title to or a valid leasehold or license interest in each item of its personal property, free and clear of any Liens except Permitted Liens, except where failure to have such good title, valid leasehold or license interest could not be reasonably expected to have a Material Adverse Effect. Except as set forth on SCHEDULE 2.06, all operating assets of Cepillos and the Purchased Assets are in good operating condition and repair, normal wear and tear excepted, except where failure to be in good operating condition or repair could not be reasonably expected to have a Material Adverse Effect. Except as set forth on SCHEDULE 2.06, the Purchased Assets and the assets and properties of Cepillos are sufficient to conduct the business and operations of the Cosmetics Division as it is presently being conducted.
Personal Property, etc. The tangible and intangible personal property, equipment, machinery, furniture, fixtures, tools, supplies and other assets, wherever located, used or useable in the operation of the Stores including, specifically, but not limited to, the property listed on Schedule 1.2(b) hereto, together with such additions, modifications and replacements thereto, and subject to deletions therefrom in
Personal Property, etc. The tangible and intangible ----------------------- personal property, equipment, machinery, furniture, fixtures, tools, supplies and other assets, wherever located, used or useable in the operation of the Stores, and the corporate offices of LMS and PRE, including, specifically, but not limited to, the property listed on Schedule 1.2(b) hereto, together with such additions, modifications and replacements thereto, and subject to deletions therefrom in connection with any such replacements or normal usage, as may be made in the ordinary course of business between the date of this Agreement and the Closing Date (the "Personal Property").
Personal Property, etc. All tangible and intangible ----------------------- personal property, equipment, machinery, furniture, fixtures, tools, computer hardware, supplies and other assets, wherever located, used or useable in the operation of either Company, together with such additions, modifications and replacements thereto, and subject to deletions therefrom in connection with any such replacements, as may be made in accordance with the terms of this Agreement and in the ordinary course of business between the date of this Agreement and the Closing Date.
