Common use of Necessary Property and Transfer of Assets Clause in Contracts

Necessary Property and Transfer of Assets. The Property constitutes all property and property rights now used or necessary for the conduct of the Company's business in the manner and to the extent presently conducted by the Company. Except as provided in Schedule 2.10, there exists no condition, restriction or reservation affecting the title to or utility of the Property or that would prevent the Company from enforcing its rights with respect to the Property after the Closing to the same extent that it might continue to do so if the sale and transfer contemplated hereby did not take place.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tekelec)

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Necessary Property and Transfer of Assets. The Property constitutes all property and property rights now used or necessary for the conduct of the Company's business in the manner and to the extent presently conducted by the Company. Except as provided in Schedule 2.10, there exists no condition, restriction or reservation affecting the title to or utility of the Property or that would prevent the Company from enforcing its rights with respect to the Property after the Closing to the same full extent that it might continue to do so if the sale and transfer contemplated hereby did not take place.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tekelec)

Necessary Property and Transfer of Assets. The Property constitutes all property and property rights now used or necessary for the conduct of each of the Company's business Acquired Companies' businesses in the manner and to the extent presently conducted by each of the CompanyAcquired Companies. Except as provided in Schedule 2.10, there There exists no condition, restriction or reservation affecting the title to or utility of the Property or that would prevent any of the Company Acquired Companies from enforcing its rights with respect to the Property after the Closing to the same full extent that it might continue to do so if the sale and transfer contemplated hereby did not take place.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tekelec)

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Necessary Property and Transfer of Assets. The Property constitutes all property and property rights now used used, useful or necessary for the conduct of the Company's business in the manner and to the extent presently conducted or planned by the Company. Except as provided in Schedule 2.10, there There exists no condition, restriction or reservation affecting the title to or utility of the Property or that would prevent the Company from enforcing its rights with respect to the Property after the Closing to the same full extent that it might continue to do so if the sale and transfer contemplated hereby did not take place.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Talx Corp)

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