Prismic Assets definition
Examples of Prismic Assets in a sentence
All material Prismic Assets used in or in connection with the Prismic Business are in good condition, repair and, where applicable, working order, having regard to the use and age thereof.
Prismic and each Majority Shareholder will immediately notify the Purchaser in accordance with Section 12.4 if they receive any advice or notification from Prismic's independent certified public accountants that Prismic has used any improper accounting practice that would have the effect of not reflecting or incorrectly reflecting any Prismic Assets, Liabilities, revenues, or expenses in the books, records and accounts of Prismic.
Prismic possesses, and has good and valid title to, all personal property reasonably necessary for the continued operation of the Prismic Business as presently conducted and as represented to the Purchaser, including all Prismic Assets reflected in the Prismic Financial Statements or acquired since the Prismic Accounting Date.
All material equipment, furniture, fixtures and other tangible personal property and other Prismic Assets are owned by Prismic free and clear of all Liens.