AIL Assets definition
AIL Assets the properties and assets (real, personal or mixed, tangible or intangible) used or held for use in connection with, necessary for the conduct of, or otherwise material to, the Business of any member of the AIL Group.
Examples of AIL Assets in a sentence
Each member of the AIL Group has maintained all of its tangible AIL Assets in good repair, working order and operating condition subject only to ordinary wear and tear, and all such tangible AIL Assets are fully adequate and suitable for the purposes for which they are presently being used.
Each member of the AIL Group owns, or otherwise has full, exclusive, sufficient and legally enforceable rights to use, all of the AIL Assets (other than Intellectual Property which is addressed elsewhere in this Agreement).