Common use of Sufficiency of Assets Clause in Contracts

Sufficiency of Assets. The Company and its Subsidiaries have valid, good and marketable title to all personal property owned by them, free and clear of all Liens other than Permitted Liens. The assets and property owned, leased or licensed by the Purchaser and its Subsidiaries are sufficient, in all material respects, for conducting the business, as currently conducted, of the Company.

Appears in 3 contracts

Samples: Arrangement Agreement (Canopy Growth Corp), Arrangement Agreement (Acreage Holdings, Inc.), Arrangement Agreement (Canopy Growth Corp)

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Sufficiency of Assets. The Company and its Subsidiaries have valid, good and marketable title to all personal property owned by them, free and clear of all Liens other than Permitted Liens. The assets and property owned, leased or licensed by the Purchaser Company and its Subsidiaries are sufficient, in all material respects, for conducting the business, as currently conducted, of the Company.

Appears in 3 contracts

Samples: Arrangement Agreement, Arrangement Agreement, Arrangement Agreement (Aphria Inc.)

Sufficiency of Assets. The Company and its Subsidiaries have valid, good and marketable title to all material personal property owned by themthem and principally used in respect of the Company Business, free and clear of all Liens other than Permitted Liens. The assets and property owned, leased or licensed by the Purchaser Company and its Subsidiaries are sufficient, in all material respects, for conducting the business, as currently conducted, of the Company.

Appears in 2 contracts

Samples: Arrangement Agreement, Arrangement Agreement

Sufficiency of Assets. The Company and its Subsidiaries have valid, good and marketable title to all personal property owned by them, free and clear of all Liens other than Permitted Liens. The assets and property owned, leased or licensed by the Purchaser Company and its Subsidiaries are sufficient, in all material respects, for conducting the business, business of the Company as currently conducted, of conducted in the CompanyOrdinary Course.

Appears in 2 contracts

Samples: Arrangement Agreement (Trulieve Cannabis Corp.), Arrangement Agreement (Harvest Health & Recreation Inc.)

Sufficiency of Assets. The Company Company, its subsidiaries and its Subsidiaries the Licensed Entities have valid, good and marketable title to all personal property owned by them, free and clear of all Liens other than Permitted Liens. The assets and property owned, leased or licensed by the Purchaser Company, its subsidiaries and its Subsidiaries the Licensed Entities are sufficient, in all material respects, for conducting the business, as currently conducted, of the Company, its subsidiaries and the Licensed Entities.

Appears in 1 contract

Samples: Arrangement Agreement

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Sufficiency of Assets. The Company and its Subsidiaries have valid, good and marketable title to (whether a leasehold interest or otherwise) all personal property as is necessary for them to conduct their business as presently conducted owned by them, free and clear of all Liens other than Permitted Liens. The assets and property owned, leased or licensed by the Purchaser Company and its Subsidiaries are sufficient, in all material respects, for conducting the business, business of the Company as currently conducted, of conducted in the CompanyOrdinary Course.

Appears in 1 contract

Samples: Arrangement Agreement (HEXO Corp.)

Sufficiency of Assets. The Company and its Subsidiaries have valid, good and marketable title to all personal property owned by them, free and clear of all Liens Encumbrances other than Permitted LiensEncumbrances. The assets and property owned, leased or licensed by the Purchaser Company and its Subsidiaries are sufficient, in all material respects, for conducting the business, business of the Company as currently conductedconducted in the Ordinary Course, of the Company[***].

Appears in 1 contract

Samples: Option Purchase Agreement (Charlotte's Web Holdings, Inc.)

Sufficiency of Assets. The Company and its Subsidiaries have valid, has good and marketable title to to, or a valid leasehold interest in, all of the tangible personal property owned by themnecessary for the conduct of its business as currently conducted, in each case free and clear of all Liens other than Permitted Liens. The assets for Liens for Taxes not yet due and property owned, leased or licensed by the Purchaser and its Subsidiaries are sufficient, in all material respects, for conducting the business, as currently conducted, of the Companypayable.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Revolution Lighting Technologies, Inc.)

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