Common use of The Purchased Assets Clause in Contracts

The Purchased Assets. The Purchased Assets constitute all of the rights properties and assets (tangible or intangible) which were necessary for the manufacture of the Products by Seller prior to the Closing Date. No third party owns or has any interest by lease, license or otherwise in any of the Purchased Assets. The documents of transfer to be executed and delivered by the Seller at the Closing will be sufficient to convey good and marketable title to the Purchased Assets to the Purchaser, free and clear of all Encumbrances, other than Assumed Liabilities.

The Purchased Assets. The Purchased Assets constitute all of the rights rights, properties and assets (real, personal or mixed, tangible or intangible) which were necessary are used or held for use in the manufacture conduct of the Products by Seller prior to the Closing Date. No third party owns or has any interest by lease, license or otherwise in any of the Purchased AssetsSeller’s Business. The documents of transfer to be executed and delivered by the Seller at the Closing will be sufficient to convey good and marketable title to the Purchased Assets to the Purchaser, free and clear of all Liens except for Permitted Encumbrances, other than Assumed Liabilities.