Common use of Assets Necessary to Business Clause in Contracts

Assets Necessary to Business. The Purchased Assets constitute all of the material assets, properties and rights used in or necessary for the conduct of the Business. Sellers are the sole owners of the Purchased Assets. Immediately following the Closing, none of Seller or any Affiliate of any Seller will own or lease any material assets, properties or rights which are used in or necessary for the conduct of the Business.

Assets Necessary to Business. The Purchased Assets constitute all of the material assets, properties properties, rights and rights used goodwill necessary to carry on the Business in or necessary for a manner consistent with current operations and as described to Purchaser in order to continue the conduct Business substantially as conducted prior to the purchase by Purchaser. No part of the Business. Sellers are the sole owners of the Purchased Assets. Immediately following the Closing, none of Seller Business is conducted by or through any Affiliate of any Seller will own person or lease any material assets, properties or rights which are used in or necessary for the conduct of the Businessentity other than Seller.

Assets Necessary to Business. The Purchased Assets constitute all of the material assets, properties properties, rights and rights used goodwill necessary to carry on the Business in or necessary for the conduct a manner consistent with current operations. No part of the Business. Sellers are the sole owners of the Purchased Assets. Immediately following the Closing, none of Seller Business is conducted by or through any Affiliate of any Seller will own person or lease any material assets, properties or rights which are used in or necessary for the conduct of the Businessentity other than Seller.