Title to Acquired Assets. The Seller has good, valid and marketable title to, or, in the case of property leased or licensed by the Seller, a valid leasehold or licensed interest in, all of the Acquired Assets, free and clear of all Encumbrances, except for Permitted Encumbrances. The Acquired Assets consisting of personal property are in good operating condition and repair (reasonable wear and tear excepted) and are suitable for the purposes for which they are presently used. No Acquired Asset is subject to any agreement, written or oral, for its sale or use by any person other than the Seller.
Appears in 5 contracts
Samples: Business and Asset Transfer Agreement (Quotient LTD), Business and Asset Transfer Agreement (Bracebridge Capital, LLC), Business and Asset Transfer Agreement (Whitebox Advisors LLC)
