Common use of GOOD TITLE TO AND CONDITION OF ASSETS Clause in Contracts

GOOD TITLE TO AND CONDITION OF ASSETS. (a) Each of the Companies has good and marketable title to all of its owned Assets, free and clear of any Liens, other than Liens in the ordinary course of business and such Liens as are described on Schedule 3.16 (a) For purposes of this Agreement, the term "Assets" means all of the properties and assets of any nature owned or used by the Companies.

Appears in 2 contracts

Samples: Acquisition Agreement (Packaging Dynamics Corp), Acquisition Agreement (Packaging Dynamics Corp)

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GOOD TITLE TO AND CONDITION OF ASSETS. (a) Each of the Companies Company and each of its subsidiaries has good and marketable title to all of its owned AssetsAssets (as such term is hereinafter defined), free and clear of any Liens, Liens other than the Liens in set forth on Section 4.15 of the ordinary course of business and such Liens as are described on Schedule 3.16 (a) Company Disclosure Schedule. For purposes of this Agreement, the term "β€œAssets" ” means all of the properties and assets of any nature owned the Company and its subsidiaries, other than the Leased Premises, whether personal or used by the Companiesmixed, tangible or intangible, and wherever located.

Appears in 1 contract

Samples: Merger Agreement (Molina Healthcare Inc)

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GOOD TITLE TO AND CONDITION OF ASSETS. (a) Each of the Companies The Company has good and marketable title to all of its owned AssetsAssets (as hereinafter defined), free and clear of any LiensLiens or restrictions on use, other than Liens in the ordinary course of business and such Liens except as are described set forth on Schedule 3.16 (a) . For purposes of this Agreement, the term "Assets" means all of the properties and assets of any nature owned the Company, other than the Leased Premises, whether personal or used by the Companiesmixed, tangible or intangible, wherever located.

Appears in 1 contract

Samples: Merger Agreement (Alpha Microsystems)

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