Common use of Sufficiency of and Title to Assets Clause in Contracts

Sufficiency of and Title to Assets. The assets owned, leased or licensed by the Company constitute all material assets used in connection with the business of the Company, and such assets constitute all the assets necessary for the Company to continue to conduct its business in the same manner as it is presently being conducted. The owned assets of the Company are not subject to any Lien, except for Liens disclosed on Schedule 3.20 and Liens that are immaterial individually and in the aggregate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Heartland Express Inc)

AutoNDA by SimpleDocs

Sufficiency of and Title to Assets. The assets owned, leased leased, or licensed by the Company constitute all material assets used in connection with the business of the Company, and such assets constitute all the assets necessary for the Company to continue to conduct its business in substantially the same manner as it is they are presently being conducted or proposed to be conducted. The owned assets of the Company are not subject to any material Lien, except for Liens disclosed on Schedule 3.20 and Liens that are immaterial individually and in the aggregate4.21.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Arcbest Corp /De/)

Sufficiency of and Title to Assets. The assets owned, leased or licensed by the Company Companies constitute all material assets used in connection with the business businesses of the CompanyCompanies, and such assets constitute all the assets necessary sufficient for the Company Companies to continue to conduct its business their businesses in the same manner as it is they are presently being conducted. The owned assets of the Company Companies are not subject to any Lien, Liens except for Liens disclosed on Schedule 3.20 and Liens that are immaterial individually and in the aggregatePermitted Liens.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pam Transportation Services Inc)

Sufficiency of and Title to Assets. The assets owned, leased or licensed by the Company Companies constitute all material assets used in connection with the business businesses of the CompanyCompanies, and such assets constitute all the assets necessary for the Company Companies to continue to conduct its business their businesses in the same manner as it is they are presently being conducted. The owned assets of the Company Companies are not subject to any Lien, except for Liens disclosed on Schedule 3.20 2.20 and Liens that are immaterial individually and in the aggregate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Knight Transportation Inc)

AutoNDA by SimpleDocs

Sufficiency of and Title to Assets. The assets owned, leased or licensed by the Company Entities constitute all material assets used in connection with the business of the CompanyEntities, and such assets constitute all the assets necessary for the Company Entities to continue to conduct its business in the same manner as it is presently being conducted. The owned assets of the Company Entities are not subject to any Lien, except for Permitted Liens disclosed on Schedule 3.20 and Liens that are immaterial individually and in the aggregate3.21.

Appears in 1 contract

Samples: Acquisition and Merger Agreement (Heartland Express Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.