Common use of Assets Necessary to the Business Clause in Contracts

Assets Necessary to the Business. Each Seller owns, leases or holds under license all assets and properties (tangible and intangible) necessary to carry on Business No. 1 and Business No. 2 and operations as presently conducted and as shown on the Financial Statements. Such assets and properties are all of the assets and properties necessary to carry on Sellers' Business No. 1 and Business No. 2 as presently conducted and Shareholders (other than through their ownership of stock in DataNet and/or as set forth on the Disclosure Schedule) nor any member of his family owns or leases or has any interest in any assets or properties presently being used to carry on Business No. 1 or Business No. 2 of any Seller.

Assets Necessary to the Business. Each The Seller owns, leases or holds under license all assets and properties (tangible and intangible) necessary to carry on Business No. 1 and Business No. 2 and operations as presently conducted and as shown on the Financial Statements. Such assets and properties are all of the assets and properties necessary to carry on Sellers' Seller's Business No. 1 and Business No. 2 as presently conducted and Shareholders (other than through their ownership of stock in DataNet Seller and/or as set forth on the Disclosure Schedule) nor any member of his family owns or leases or has any interest in any assets or properties presently being used to carry on Business No. 1 or Business No. 2 of any Seller.

Assets Necessary to the Business. Each The Seller owns, leases or holds under license all assets and properties (tangible and intangible) necessary to carry on Business No. 1 and Business No. 2 and operations as presently conducted and as shown on the Financial Statements. Such assets and properties are all of the assets and properties necessary to carry on Sellers' Sellers Business No. 1 and Business No. 2 as presently conducted and Shareholders Members (other than through their ownership of stock membership interests in DataNet Seller and/or as set forth on the Disclosure Schedule) nor any member of his family owns or leases or has any interest in any assets or properties presently being used to carry on Business No. 1 or Business No. 2 of any Seller.

Assets Necessary to the Business. Each The Seller owns, leases or holds under license all assets and properties (tangible and intangible) necessary to carry on its Business No. 1 and Business No. 2 and operations as presently conducted and as shown on the Financial Statements. Such assets and properties are all of the assets and properties necessary to carry on Sellers' Seller's Business No. 1 and Business No. 2 as presently conducted and Shareholders Shareholder (other than through their his ownership of stock in DataNet the Seller and/or as set forth on the Disclosure Schedule) nor any member of his family owns or leases or has any interest in any assets or properties presently being used to carry on Business No. 1 or Business No. 2 of any Seller.