Common use of Assets to be Retained by Seller Clause in Contracts

Assets to be Retained by Seller. Anything herein to the contrary notwithstanding, Seller shall not sell, and Purchaser shall not acquire, the following assets of Seller (the "Retained Assets"): 1.2.1 all trade accounts receivable arising out of the sale of goods or services prior to the Closing Date; 1.2.2 any rights of Seller with respect to insurance policies owned by Seller or for which Seller is the named insured; 1.2.3 all cash, funds in bank accounts and cash equivalents existing as of the date hereof; and 1.2.4 any patents, trademarks, trademark registrations, copyrights, copyright registrations, trade names and all registrations thereof and all applications for any of the foregoing, whether issued or pending, if any, and all goodwill associated with any of the foregoing (the "Intangible Assets").

Appears in 1 contract

Samples: Asset Purchase Agreement (Family Golf Centers Inc)

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Assets to be Retained by Seller. Anything herein to the contrary notwithstanding, Seller shall not sell, and Purchaser shall not acquire, the following assets of Seller (the "Retained Assets"): 1.2.1 all trade accounts receivable arising out of the sale of goods or services prior to the Closing Date; 1.2.2 4.2.1 any rights of Seller with respect to insurance policies owned by Seller or for which Seller is the named insured; 1.2.3 4.2.2 all cash, funds in bank accounts and cash equivalents existing as of the date hereof; and 1.2.4 4.2.3 any patents, trademarks, trademark registrations, copyrights, copyright registrations, trade names and all registrations thereof and all applications for any of the foregoing, whether issued or pending, if any, and all goodwill associated with any of the foregoing (the "Intangible Assets").

Appears in 1 contract

Samples: Purchase Agreement (Family Golf Centers Inc)

Assets to be Retained by Seller. Anything herein to the contrary notwithstanding, Seller shall not sell, and Purchaser shall not acquire, the following assets of Seller (the "Retained Assets"): 1.2.1 all trade accounts receivable arising out of the sale of goods or services prior to the Closing Date; 1.2.2 1.3.1 any rights of Seller with respect to insurance policies owned by Seller or for which Seller is the named insured; 1.2.3 1.3.2 all cash, funds in bank accounts and cash equivalents existing as of the date hereof; and 1.2.4 1.3.3 any patents, trademarks, trademark registrations, copyrights, copyright registrations, trade names and all registrations thereof and all applications for any of the foregoing, whether issued or pending, if any, and all goodwill associated with any of the foregoing (the "Intangible Assets").

Appears in 1 contract

Samples: Asset Purchase Agreement (Family Golf Centers Inc)

Assets to be Retained by Seller. Anything herein to the contrary notwithstanding, Seller shall not sell, and Purchaser shall not acquire, the following assets of Seller (the "Retained Assets"): 1.2.1 all trade accounts receivable arising out of the sale of goods or services prior to the Closing Effective Date; 1.2.2 any rights of Seller with respect to insurance policies owned by Seller or for which Seller is the named insured; 1.2.3 all cash, funds in bank accounts and cash equivalents existing as of the date Effective Date hereof; and 1.2.4 any patents, trademarks, trademark registrations, copyrights, copyright registrations, trade names and all registrations thereof and all applications for any of the foregoing, whether issued or pending, if any, and all goodwill associated with any of the foregoing (the "Intangible Assets").

Appears in 1 contract

Samples: Purchase Agreement (Family Golf Centers Inc)

Assets to be Retained by Seller. Anything herein to the contrary notwithstanding, Seller shall not sell, and Purchaser shall not acquire, the following assets of Seller (the "Retained AssetsRETAINED ASSETS"): 1.2.1 all trade accounts receivable arising out of the sale of goods or services prior to the Closing Date; 1.2.2 any rights of Seller with respect to insurance policies owned by Seller or for which Seller is the named insured; 1.2.3 1.2.2 all cash, funds in bank accounts and cash equivalents existing as of the date hereof; and 1.2.4 1.2.3 any patents, trademarks, trademark registrations, copyrights, copyright registrations, trade names and all registrations thereof and all applications for any of the foregoing, whether issued or pending, if any, and all goodwill associated with any of the foregoing (the "Intangible AssetsINTANGIBLE ASSETS").

Appears in 1 contract

Samples: Purchase Agreement (Family Golf Centers Inc)

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Assets to be Retained by Seller. Anything herein to the contrary notwithstanding, Seller shall not sell, and Purchaser shall not acquire, the following assets of Seller (the "Retained Assets"): 1.2.1 all trade accounts receivable arising out of the sale of goods or services prior to the Closing Date; 1.2.2 any rights of Seller with respect to insurance policies owned by Seller or for which Seller is the named insured; 1.2.3 all cash, funds in bank accounts and cash equivalents existing as of the date hereof; and 1.2.4 1.2.2 any patents, trade secrets, designs, trademarks, trademark registrations, copyrights, copyright registrations, trade names (other than the name "Active Sports Marketing") and all registrations thereof and all applications for any of the foregoing, whether issued or pending, if any, and all goodwill associated with any of the foregoing (the "Intangible Assets").

Appears in 1 contract

Samples: Asset Purchase Agreement (Family Golf Centers Inc)

Assets to be Retained by Seller. Anything herein to the contrary notwithstanding, Seller shall not sell, and Purchaser shall not acquire, the following assets of Seller (the "Retained Assets"): 1.2.1 all trade accounts receivable arising out of the sale of goods or services prior to the Closing Date; 1.2.2 any rights of Seller with respect to insurance policies owned by Seller or for which Seller is the named insured; 1.2.3 all cash, funds in bank accounts and cash equivalents existing as of the date Closing Date hereof; and 1.2.4 any patents, trademarks, trademark registrations, copyrights, copyright registrations, trade names and all registrations thereof and all applications for any of the foregoing, whether issued or pending, if any, and all goodwill associated with any of the foregoing (the "Intangible Assets").

Appears in 1 contract

Samples: Asset Purchase Agreement (Family Golf Centers Inc)

Assets to be Retained by Seller. Anything herein to the contrary notwithstanding, Seller shall not sell, and Purchaser shall not acquire, the following assets of Seller (the "Retained Assets"): 1.2.1 all trade accounts receivable arising out of the sale of goods or services prior to the Closing Effective Date; 1.2.2 any rights of Seller with respect to insurance policies owned by Seller or for which Seller is the named insured; 1.2.3 all cash, funds in bank accounts and cash equivalents existing as of the date hereof; and 1.2.4 any patents, trademarks, trademark registrations, copyrights, copyright registrations, trade names and all registrations thereof and all applications for any of the foregoing, whether issued or pending, if any, and all goodwill associated with any of the foregoing (the "Intangible Assets").

Appears in 1 contract

Samples: Purchase Agreement (Family Golf Centers Inc)

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