Acquired Assets definition
Examples of Acquired Assets in a sentence
There is no action, suit or Proceeding or investigation that is currently being threatened in writing against Seller or against any stockholder, officer, director, manager, member or employee of Seller in relation to or otherwise involving the Business, the Acquired Assets or affairs of Seller.
The Acquired Assets constitute all assets that are necessary for Buyer to conduct the Business and operate it as currently conducted.
As of the Closing Date, all of the Acquired Assets will be free and clear of any encumbrances.
Except as described on Schedule 2.7, ▇▇▇▇▇▇ is not a party to any Proceedings, and ▇▇▇▇▇▇ and the Acquired Assets are not subject to any Orders.
The obligations of Seller to consummate the sale of the Acquired Assets and any other transaction contemplated by this Agreement are subject to the satisfaction, on or before the Closing Date, of the following conditions.