Title to the Assets. IFT has good and marketable title to all of the Assets, free and clear of all security interests, liens, encumbrances, mortgages or charges of any nature whatsoever other than those liabilities set forth in the Financial Statements. Any security interests, liens, encumbrances, mortgages or charges on the Assets not set forth in IFT's Financial Statements shall be discharged in full on or before the Closing Date and evidenced by UCC Releases delivered by IFT on the Closing Date. The tangible personal property (other than inventory) of IFT is in good working order, normal wear and tear excepted.
Appears in 4 contracts
Samples: Asset Purchase and Sale Agreement (Interactive Flight Technologies Inc), Asset Purchase and Sale Agreement (Network Connection Inc), Asset Purchase and Sale Agreement (Interactive Flight Technologies Inc)
