Common use of Necessary Property Clause in Contracts

Necessary Property. Except as may be set forth in Schedule 4.22 hereto, the properties and assets owned, leased by or licensed to the Company and its Subsidiaries constitute all of the real and personal properties, tangible and intangible, which are necessary, used or useful in the conduct of the businesses of the Company and its Subsidiaries in the manner and to the extent presently conducted. Except as may be set forth in Schedule 4.22, no other material real or personal properties are required for the conduct of the businesses of the Company and its Subsidiaries as presently conducted.

Necessary Property. Except as may be set forth in Schedule 4.22 3.22 hereto, the properties and assets owned, leased by or licensed to the Company and its Subsidiaries constitute all of the real and personal properties, tangible and intangible, which are necessary, used or useful in the conduct of the businesses of the Company and its Subsidiaries in the manner and to the extent presently conducted. Except as may be set forth in Schedule 4.223.22, no other material real or personal properties are required for the conduct of the businesses of the Company and its Subsidiaries as presently conducted.