Company Properties. 4.1.1 The Company Properties are the only material freehold, leasehold or other immovable property in any part of the world owned, used or occupied by the Target Group Companies for the purpose of research and development, production or manufacturing facilities. 4.1.2 Each of the Company Properties is used and occupied for the purpose of the business of a Target Group Company. 4.1.3 A member of the Seller’s Group is solely legally and beneficially entitled to such Company Property.
Appears in 3 contracts
Samples: Contribution Agreement, Contribution Agreement (Glaxosmithkline PLC), Contribution Agreement (Novartis Ag)
Company Properties. 4.1.1 The Company Properties are the only material freehold, leasehold or other immovable property in any part of the world owned, used or occupied by the Target Group Companies for the purpose of research and development, production or manufacturing facilities.
4.1.2 Each of the Company Properties is used and occupied for the purpose of the business of a Target Group Company.
4.1.3 A member of the Seller’s Group is solely legally and beneficially entitled to such Company Property.
Appears in 1 contract
Samples: Contribution Agreement (Novartis Ag)
