Corporate Assets. As stated above, payments to Director or his Beneficiary(ies) shall be made from assets which shall continue, for all purposes, to be a part of the general, unrestricted assets of the Bank. No person shall have nor acquire any interest in any such assets by virtue of the provisions of this Agreement. . The Bank may, in its sole discretion, purchase assets to secure all or any part of its obligations undertaken through this Agreement. If the Bank elects to secure its promise under this Agreement, in whole or in part, through the purchase of life insurance, mutual funds, disability policies, annuities or other assets, then Bank may, at any time dispose of such assets in whole or in part. In no event shall Director or Beneficiary(ies) be deemed to have a lien, right, title, or interest in any specific investment or asset of Bank. If Bank decided to purchase a life insurance, disability or annuity policy upon the life or health of Director, then Director will cooperate by furnishing any and all information requested by the Bank and by taking such physical examinations or other action as may be requested by the Bank in order to obtain such insurance or annuity.
Corporate Assets. Consultant is expected to respect the Company's assets as he would his own. Corporate assets take many forms (land, building, equipment, etc.). Consultant is required to return any assets or related documents to Company.
Corporate Assets. As set forth in Section 1.3(c) of the Disclosure Schedule, all nontransferable Permits and assets relating to Sellers’ corporate functions (including, but not limited to, the corporate charter, taxpayer and other identification numbers, income tax and accounting records, seals, minute books and stock transfer books, but excluding the corporate names of BioMedical Resources, International Recruiting Service and Simplicity Diagnostics);
Corporate Assets. No provision in this Agreement, or any action taken pursuant to its provisions by either party, shall create, or be construed to create, a trust of any kind, or a fiduciary relationship between the Company and the Employee, his/her designated beneficiary, other beneficiaries of Employee, or any other person. The payments to Employee, his/her designated beneficiary, or any other beneficiary shall be made from assets which shall continue to be a part of the general assets of the Company. No person shall have, by virtue of the provisions of this Agreement, any interest in the Company's assets. To the extent that any person acquires a right to receive payments or benefits from the Company under this Agreement, the right shall be no greater than the right of any unsecured general creditor of the Company.
Corporate Assets. Except those that have been disclosed to the Purchaser, the Target Company has ownership or legal and valid right of use with respect to all the material assets that are currently used by it, including personal property and real property, and such assets are free and clear of any security interests or any other encumbrances. The Target Company’s rights, title or any rights or interests of any other kinds in the each material corporate asset have been disclosed to the Purchaser, which constitute all the material assets required for the normal operation of the Target Company during the past year, and such assets are currently owned, possessed or used by the Target Company. To the reasonable knowledge of the Seller and the Guarantor, there is no material dispute or claim pending or threatened that will affect the operation, use or possession of such assets by the Target Company.
Corporate Assets. Payments to Director or his Beneficiary(ies) shall be made from assets which shall continue, for all purposes, to be a part of the general, unrestricted assets of the Company. No person shall have nor acquire any interest in any such assets by virtue of the provisions of this Agreement. The Company may, in its sole discretion, purchase assets to secure all or any part of its obligations undertaken through this Agreement. If the Company elects to secure its promise under this Agreement, in whole or in part, through the purchase of life insurance, mutual funds, disability policies, annuities or other assets, then Company may, at any time dispose of such assets in whole or in part. In no event shall Director or Beneficiary(ies) be deemed to have a lien, right, title, or interest in any specific investment or asset of Company. If Company decided to purchase a life insurance, disability or annuity policy upon the life or health of the Director, then Director will cooperate by furnishing any and all information requested by the Company and by taking such physical examinations or other action as may be requested by the Company in order to obtain such insurance or annuity.
Corporate Assets. All tangible assets described on Schedule 2.2.3, which assets relate to corporate overhead and general administration of DG and that are not used exclusively in the Television Business, and all tangible assets that relate to or are used exclusively in the Online Business (whether or not set forth on Schedule 2.2.3);
Corporate Assets. All tangible assets set forth on Schedule 2.2(c), which assets relate to corporate overhead and general administration of the Company and are used primarily in the Symmetry Surgical Business;
Corporate Assets. The Corporate Assets are the sole property of SCC or ---------------- the Subsidiaries, all of the property needed to conduct the Businesses as currently conducted, and in normal operating condition, free from any defects, damages or malfunction and free and clear of all claims, liens, charges, security interests or other encumbrances, except as set forth on Schedule 6.k. attached to the Disclosure Statement. ---------------
(1) The Corporate Assets include all furniture, fixtures, vehicles, machinery and equipment (the "FF&E"), used or usable in connection with the conduct of any of the Businesses, including without limitation leasehold improvements, signs, chairs, tables, furnishings, appointments, art and decor items, floor and wall coverings, light fixtures, restaurant equipment (including, without limitation, appliances, stoves, ovens, dishwashers, racks, coolers, freezers, compressors, vacuums and other cleaning apparatus), tools, office equipment, file cabinets, and safes and all manner of FF&E presently used or usable to keep and maintain the Premises (including without limitation manufacturing and distribution facilities) in their customary operating
