Acquired Assets definition
Examples of Acquired Assets in a sentence
Buyer, Seller and Parent previously entered into that certain Asset Purchase Agreement, dated as of June 23, 2025 (the “Purchase Agreement”), pursuant to which Buyer agreed to purchase, and Seller agreed to sell to Buyer, the Acquired Assets in exchange for the Purchase Price.
Seller is duly organized and validly existing as a limited liability company under the Laws of the State of Delaware and has full power and authority to carry on the Business and to own and operate the Acquired Assets.
The Parties hereby waive compliance with the provisions of any bulk sales, bulk transfer, or similar Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Acquired Assets to Purchaser.
The Acquired Assets are free and clear of Encumbrances other than Permitted Encumbrances.
To the Knowledge of Seller, Seller is materially complying with all, and is not in violation of any, Laws (including, without limitation, any applicable insurance regulation or other law, ordinance, or regulation) affecting the Business or the Acquired Assets.