Assets and Inventory. 13.1. Assets purchased with Grant funding must only be used for delivery of the Funded Activities.
Assets and Inventory. As of the Effective Date, Seller will have good and marketable title in and to all of its assets and inventory, which is or will be free and clear of any security interests, consignments, liens, judgments, encumbrances, restrictions, or claims of any kind, other than as expressly provided in this Agreement.
Assets and Inventory. For the purpose of this Section, “capital asset” shall mean any single item, or a collection of items which form one identifiable functional unit, that is not physically incorporated into another product or not consumed by the end of the Project, has a purchase or lease value of more than $5,000 (before taxes). During the Project Period, the Applicant shall preserve any capital asset provided by the UWC to the Applicant or purchased by the Applicant using Project funds, and shall not dispose of it unless the UWC authorizes its disposition. At the end of the Project Period, or upon termination of this Agreement, the UWC reserves the right to direct the Applicant to dispose of any such capital assets by:
Assets and Inventory. (a) The assets and properties owned, operated or leased by each of the Acquired Companies and used in its businesses are, in the aggregate, in a good state of repair and operating condition (other than ordinary wear and tear), and are fit for their intended purposes.
Assets and Inventory. All of United's inventory is of good and merchantable quality, free from defects, and all other tangible assets are in good working order and condition, ordinary wear and tear excepted. All of the inventory located on United's business premises is owned by United, and no inventory or other assets are being stored for the benefit of any third party.
Assets and Inventory. All the tangible assets of Seller including those listed on Schedule "A" attached hereto. C.
Assets and Inventory. To Sellers' Best Knowledge, all of the Companies' inventory is of good and merchantable quality, free from defects, and all other tangible assets are in good working order and condition, ordinary wear and tear excepted.
Assets and Inventory. All tangible Assets are in good repair and good operating condition, ordinary wear and tear excepted, have been regularly and appropriately maintained and repaired in the normal course of business, and are adequate and sufficient to carry on the Business as presently conducted. The Assets (a) constitute all of the assets, tangible and intangible, of any nature whatsoever, necessary to operate the Business in the manner presently operated by Seller, and (b) constitute all of the assets and properties necessary to continue conduct of the Business following the Closing as the Business is currently being conducted. The inventories of the Business consist of a quality and quantity usable and, with respect to finished goods, saleable, in the ordinary course of the Business, and include obsolete items.
Assets and Inventory. (a) The Company and the Group Companies own or have the right to lease, use or license all of the assets, tangible and intangible, and properties listed in Schedule 7.2.10(a)(i) and such assets and properties are sufficient to operate the Business in the manner presently operated by the Company. Except as disclosed under Schedule 7.2.10(a)(ii), the assets are sufficient for the purposes for which such assets are currently used or are held for use, and are in reasonably good repair and operating condition (subject to normal wear and tear). Except for the leases and licensed assets listed on Schedule 7.2.10(a)(iii), the Company and the Group Companies own good and transferable title to all of the assets included in Schedule 7.2.10(a)(i) free and clear of any Liens.
Assets and Inventory. Rite is the record owner of, and has good, valid and marketable title to, the Surplus Assets, the Assets and Inventory. Rite hereby delivers to Purchaser good, valid and marketable title to the Surplus Assets free and clear of all liens, security interests, claims, options, charges, pledges and encumbrances of any kind whatsoever including but not limited to claims asserted pursuant to 11 USC ss. 105 or ss. 541 et. seq. or any state fraudulent conveyance statutes upon receipt as provided in Section 2.1 of payment in immediately available funds of the purchase price for the Surplus Assets. At the Closing, Rite will deliver to Purchaser, good, valid and marketable title to the Assets free and clear of all liens, security interests, claims, options, charges, pledges and encumbrances of any kind whatsoever including but not limited to claims asserted pursuant to 11 USC ss. 105 or ss. 541 et. seq. or any state fraudulent conveyance statutes upon receipt as provided on Section 2.2 of payment in immediately available funds of the purchase price for the Assets. At the time sold by Purchaser, Rite will deliver to Purchaser, good, valid and marketable title to the Inventory free and clear of all liens, security interests, claims, options, charges, pledges and encumbrances of any kind whatsoever including but not limited to claims asserted pursuant to 11 USC ss. 105 or ss. 541 et. seq. or any state fraudulent conveyance statutes upon receipt as provided on Section 2.4 of payment in immediately available funds of the purchase price for the Inventory. Rite represents that Schedule 2.4 accurately reflects the Stated Cost of the Inventory. The Surplus Assets, the Assets and Inventory are being sold "AS IS, WHERE IS." EXCEPT AS PROVIDED HEREIN, RITE MAKES NO REPRESENTATION OR WARRANTY CONCERNING THE SURPLUS ASSETS, THE ASSETS OR INVENTORY, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY OR OTHERWISE, REGARDING THE SURPLUS, ASSETS, THE ASSETS OR INVENTORY.
