Trading and General Commercial Matters. (i) Save as described in the Vendors' Schedule of Exceptions, the Company has never entered into, and is not, as at the date hereof, party to :-
Trading and General Commercial Matters. 5.1 The Company has good and marketable title to (with full power to sell) all such assets as are necessary to enable it properly to conduct its business as such business has been conducted prior to the date hereof. All such assets are free from any liens, mortgages, charges, encumbrances, hire or hire purchase or similar agreements or other third party rights and are in the possession or under the control of the Company.
Trading and General Commercial Matters. 5.1 The Company has good and marketable title to (with full power to sell) all such assets as are necessary to enable it properly to conduct its business as such business has been conducted prior to the date hereof and to all inventory used in its business. All such assets and inventory are free from any liens, mortgages, charges, encumbrances, hire or hire purchase or similar agreements or other third party rights and are in the possession or under the control of the Company. The inventory is in good condition and of satisfactory quality, meets all relevant statutory, regulatory and industry accepted standards and is capable of being sold by the Company in the ordinary course of business in accordance with its list prices without rebate or allowances and all other assets owned or used by the Company are in good repair and fit for use for 45 the purposes for which designed, acquired or used by the Company. Finished goods produced by the Company meet all applicable contractual specifications at the time of production.
Trading and General Commercial Matters. 4.1 Other than the Joint Operating Agreement, the Company is not a party to:
Trading and General Commercial Matters. 11. Prior to the completion of the STC APA, the Relevant Companies have good and marketable title to the Stock-in-Trade free from any Encumbrances or other third party rights and the Stock-in-Trade is in good condition and of normal merchantable quality and capable of being sold by the Vendor in the ordinary course of business to a purchaser in accordance with its list prices without rebate or allowance. Upon the completion of the STC APA, the Vendor will have good and marketable title to the Stock-in-Trade free from any Encumbrances or other third party rights and the Stock-in-Trade is in good condition and of normal merchantable quality and capable of being sold by the Vendor in the ordinary course of business to a purchaser in accordance with its list prices without rebate or allowance. The level of stocks of finished products at the date hereof is not materially different from levels in previous stock inventories of the Relevant Companies.
Trading and General Commercial Matters. So far as the Vendor is aware and save as Disclosed:
Trading and General Commercial Matters. 4.1 Cambridge and the PRC Companies have good and marketable title to (with full power to sell) all their respective property and assets. All such assets and stocks are free from any liens, mortgages, charges, encumbrances or other third party rights and are in the possession or under the control of Cambridge and the PRC Companies.
Trading and General Commercial Matters. 6.1 The Target Group has good and marketable title to all such assets as are necessary to enable it properly to conduct their business as such business have been conducted prior to the date hereof. All such assets are free from any liens, mortgages, charges, encumbrances or other third party rights.
Trading and General Commercial Matters. 5.1 The Company has good title to all such assets included in the Accounts or acquired by the Company since the Accounting Date (including, but not limited to, the assets contemplated to be transferred to the Company under the Asset Purchase Agreements (other than the asset purchase agreement dated 30 November 2005 entered into between MSI China and 永澵椅子(深圳)有榰公司)) that are necessary to enable it properly to conduct its business as such business has been conducted prior to the date hereof and to all stocks used in its business, as well as the assets contemplated to be transferred to the Company under the Asset Purchase Agreements (other than the asset purchase agreement dated 30 November 2005 entered into between MSI China and 永澵椅子(深圳)有榰公司). All such assets and stocks are free from any liens, mortgages, charges, encumbrances or other third party rights and the stock is in good condition and of merchantable quality.
Trading and General Commercial Matters. 4.1 The Company has good title to (with full power to sell) all property and assets as are necessary to enable it properly to conduct its business as such business has been conducted prior to the date hereof and to all stocks used in its business. All such assets and stocks are free from any liens, mortgages, charges, encumbrances or other third party rights and are in the possession or under the control of the Company. The stock is in good condition and of merchantable quality and capable of being sold by the Company in the ordinary course of business to a purchaser in accordance with its list prices without rebate or allowance and all other assets owned or used by the Company are in good repair and capable of being used for the purposes for which they are designed, acquired or used by the Company.
