Purchased Inventory definition
Examples of Purchased Inventory in a sentence
From time to time after the date hereof, Seller shall execute and deliver to Buyer such instruments of sale, transfer, conveyance, assignment, consent, assurance, power of attorney, and other such instruments as may be reasonably requested by Buyer in order to vest in Buyer all right, title, and interest in and to the Purchased Inventory.
Seller has good and marketable title to all of the Purchased Inventory, free and clear of Liens.
Upon consummation of the transaction contemplated hereby, Buyer will acquire good and marketable title to all of the Purchased Inventory, free and clear of all Liens.
To the best of Seller’s Knowledge, the Purchased Inventory consists of items that are of a quality, quantity and condition saleable or usable in the ordinary course of the Business, are not defective and have value or are valued and carried on the books and records of Seller in accordance with Seller’s past practices.
Upon payment of the Purchase Price, the sale, transfer, conveyance, and assignment by Seller of the Purchased Inventory to Buyer in accordance with Section 1.1 shall be effected at the Closing by Seller’s execution and delivery of a ▇▇▇▇ of Sale in the form attached hereto as Exhibit B and delivery of the Purchased Inventory to the Buyer.