Title to Tangible Assets. Except for Seller Encumbrances, the Owned Net Inventory and the Owned Equipment is owned beneficially by one or more of the Sellers, free and clear of all Liens (except Seller Encumbrances), and such Sellers have good and marketable title thereto.
Appears in 2 contracts
Samples: Asset Sale Agreement (Nortel Networks LTD), Asset Sale Agreement (Nortel Networks LTD)
Title to Tangible Assets. Except for Seller Permitted Encumbrances, the Owned Net Inventory and the Owned Equipment is owned beneficially by one or more of the Sellers, free and clear of all Liens (except Seller Encumbrances)Liens, and such Sellers have good and marketable title thereto.
Appears in 2 contracts
Samples: Asset Sale Agreement (Nortel Networks Corp), Asset Sale
