Recall Assets definition
Examples of Recall Assets in a sentence
Recall shall use its reasonable best efforts to continue to maintain and service the Recall Assets consistent with past practice.
Recall has good and marketable title to the Recall Assets, free from any Encumbrances except (a) items described in any notes to the consolidated financial statements of Recall contained in Recall's Financial Statements, (b) minor matters that would not have a Material Adverse Effect, and (c) constitutional and statutory liens arising from the obligation to pay for the provision of materials or services not yet in Default and Taxes not yet due.
Recall shall not, directly or indirectly, sell or encumber all or any part of the Recall Assets, other than sales in the ordinary course of business or initiate or participate in any discussions or negotiations or enter into any agreement to do any of the foregoing.
Recall has all necessary corporate power and authority to own, lease and operate the Recall Assets and to carry on the Recall Business as it is now being conducted.