Common use of Necessary Assets Clause in Contracts

Necessary Assets. The properties and assets owned, leased or licensed by the Corporation constitute all the property and assets used or held for use in connection with the Business and are sufficient for the conduct of the Business as currently conducted and include all proprietary rights, trade secrets and other property and assets, tangible and intangible, applicable to or used in connection with the Business.

Necessary Assets. The properties and assets owned, leased or licensed by the Corporation constitute all the property and assets used or held for use in connection with the Business and are sufficient for the conduct of the Business as currently conducted and include all proprietary rights, trade secrets and other property and assets, tangible and intangible, applicable to or used in connection with the Business. None of Donco, Don, any Vendor or any other Person owns any assets which are being used in or are reasonably necessary to carry on the Business in the Ordinary Course of Business except assets leased or licensed to the Corporation.

Necessary Assets. The properties and assets owned, owned or leased or licensed by the Corporation constitute all the property and assets used or held for use in connection with the Business and are sufficient adequate for the conduct of the Business as currently usually conducted and include all proprietary rights, trade secrets and other property and assets, tangible and intangible, applicable to or used in connection with the Business. None of the Vendors nor any other Person owns any assets which are being used in or are reasonably necessary to carry on the Business or operations of the Corporation in the normal course except the Leased Premises and the assets leased to the Corporation and described in Schedule 3.4(6).

Necessary Assets. The properties and assets owned, owned or leased or licensed by the Corporation constitute all the property and assets used or held for use in connection with the Business and are sufficient for the conduct of the Business as currently conducted and include all proprietary rights, trade secrets and other property and assets, tangible and intangible, applicable to or used in connection with the Business. Neither the Vendors nor any other Person own any assets which are being used in or are reasonably necessary to carry on the Business in the Ordinary Course of Business, except assets leased to the Corporation.