TI Assets definition

TI Assets means the tangible and intangible property comprising or used in connection with Seller’s Transportation and Industrial Business Segment, as more particularly described in Section 2.1 hereof.
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Examples of TI Assets in a sentence

  • Seller (itself or by way of its ownership of each RZ Subsidiary) has good, clean, and marketable title to its interest in the TI Assets, subject only to the possible lien on the Intellectual Property in favor of ▇▇▇▇▇ & ▇▇▇▇▇▇▇ (or its affiliates).

  • Each member of the RZ Group has all requisite corporate power and authority to own, lease, and use the TI Assets as presently owned, leased, and used.

  • Duly executed quitclaim deeds, bills of sale, assignments and other transfer documents which shall be sufficient to vest title to the TI Assets in the name of Buyer or its permitted designees, free and clear of any claims, liabilities, mortgages, liens, pledges, conditions, charges, or encumbrances of any nature whatsoever, except for the Permitted Lien.

  • Seller (itself or by way of its ownership of each RZ Subsidiary) has all Licenses, if any, necessary to enable the continued ownership of the TI Assets and the operation of the TI Business.

  • All of the TI Assets are being transferred to Buyer in their “AS IS” “WHERE IS” condition on the date hereof.

  • Seller has filed or caused to be filed all federal income tax returns and all other federal, state, county, local or city tax returns which are required to be filed in connection with the TI Assets or TI Segment, and it has paid or cause to be paid all taxes shown on said returns or on any tax assessment received by it to the extent that such taxes have become due.