Common use of Assets Other Than Real Property Clause in Contracts

Assets Other Than Real Property. The Company is the true and lawful owner or lessee of and has good and valid title to, or a valid leasehold interest in, all personal property (tangible or intangible) reflected on the Most Recent Balance Sheet or thereafter acquired, except inventory that has been sold or otherwise disposed of in the Ordinary Course of Business since the Most Recent Balance Sheet Date and not in violation of this Agreement, in each case, free and clear of all Liens (other than Permitted Liens).

Appears in 1 contract

Samples: Stock Purchase Agreement (Telkonet Inc)

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Assets Other Than Real Property. (a) The Company is the true and lawful owner or lessee of lessor and has good and valid title to, or a valid leasehold interest in, all personal property material assets (tangible or intangible) reflected on the Most Recent Balance Sheet or thereafter acquired, except inventory that has been those sold or otherwise disposed of in the Ordinary Course of Business since the Most Recent Balance Sheet Date and not in violation of this Agreement, in each case, case free and clear of all Liens (other than Permitted Liens).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Audiocodes LTD)

Assets Other Than Real Property. (a) The Company is the true and lawful owner or lessee of and has good and valid title to, or a valid leasehold interest in, to all personal property assets (tangible or intangible) reflected on the Most Recent Balance Sheet or thereafter acquired, except inventory that has been those sold or otherwise disposed of for fair value in the Ordinary Course of Business since the Most Recent Balance Sheet Date and not in violation of this Agreement, in each case, case free and clear of all Liens (other than Permitted LiensLiens (as defined below)).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Princeton Review Inc)

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Assets Other Than Real Property. The (a) Each of the Company and its Subsidiaries is the true and lawful owner or lessee of lessor and has good and valid title to, or a valid leasehold interest in, all personal property assets (tangible or intangible) reflected on the Most Recent Balance Sheet or thereafter acquired, except inventory that has been those sold or otherwise disposed of in the Ordinary Course of Business since the Most Recent Balance Sheet Date and not in violation of this Agreement, in each case, case free and clear of all Liens (other than Permitted Liens).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Audiocodes LTD)

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