Assets and Charges. (a) The members of the Group are the owners legally and beneficially of, and have good title to, all of the material Business Assets free from any Encumbrance or any third party claim and all such assets are within the control or possession of the Group. (b) No material Business Asset is shared by the Group with any other person outside the Group. (c) The Business Assets comprise all of the assets, rights and privileges which are currently required by the Group to carry on the Business and all in satisfactory working order. (d) To the best of the Issuer’s knowledge, there is no dispute or circumstances likely to give rise to a dispute directly or indirectly relating to all or any of the Business Assets which would materially adversely affect the trading or financial position of the Business.
Appears in 6 contracts
Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement