Common use of Adequacy of Assets Clause in Contracts

Adequacy of Assets. The Assets constitute all of the assets, tangible and intangible, and to the Knowledge of Seller, rights necessary to conduct the Business of Seller and the Subsidiary as presently conducted by them and include all of the operating assets of Seller and the Subsidiary.

Adequacy of Assets. (a) The Assets constitute all include, and upon the purchase of the assetsAssets Buyer will own or have the uncontested right to use, tangible and intangibleall rights, properties (including Seller’s Intellectual Property), interests in properties, and to the Knowledge of Seller, rights assets necessary to conduct permit Buyer to carry on the Business of Seller and the Subsidiary as presently conducted by them and include all of the operating assets of Seller and the SubsidiarySeller.