No Other Assets Sample Clauses
The "No Other Assets" clause establishes that only the assets specifically listed or referenced in the agreement are included in the transaction, and no additional assets are being transferred. In practice, this means that if an asset is not expressly identified in the contract, it remains with the seller and is not part of the sale or transfer. This clause helps prevent misunderstandings or disputes by clearly defining the scope of the assets involved, ensuring both parties are aware of exactly what is and is not included in the deal.
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No Other Assets. Except for the Purchased Assets expressly described in Section 1.1 above, Sellers shall not sell, and Buyer shall not purchase, any other assets, properties, interests or rights of Sellers.
No Other Assets. Except as reflected on Schedule 2.7 attached --------------- ------------ hereto, no Entity (other than a beneficiary of a trust) owns or leases any assets other than the Properties which may be transferred to the Operating Partnership pursuant to the Omnibus Agreement or the Option Properties Agreements. No Grantor has an interest, direct or indirect, in any of the Properties except for the Interests subject to the Omnibus Agreement or the Option Properties Agreements.
No Other Assets. Immediately prior to the Effective Time, New JPI will not own, directly or indirectly, any assets, properties or rights, including Securities or other ownership interests in any Person, other than the Transferred Shares.
No Other Assets. Other than the Licensed Intellectual Property and the Citius Regulatory Filings and Approvals, neither Citius nor any of its Affiliates holds any ownership, license, option, right of reference or other right or interest in or to any patent, patent application, copyright, trade secret, data, know-how, regulatory filing or approval or other tangible or intangible asset used in or necessary for the regulatory approval, manufacture, use, sale, importation or commercialization of the Products in or into the Territory.
No Other Assets. (a) Borrower does not now own and will not in the future own any asset or property other than the Property and incidental property necessary for the ownership or operation of the Property.
(b) Borrower has not made and will not in the future make any loans or advances to any third party (including any affiliate or constituent party, any Beneficial Owner or any affiliate of any constituent party of Beneficial Owner), and shall not acquire obligations or securities of its affiliates.
(c) Borrower is and will remain solvent and Borrower will pay its debts and liabilities (including, as applicable, shared personnel and overhead expenses) from its assets as the same shall become due.
No Other Assets. The Patents include all: (1) patents or patent applications: (i) to which any of the Patents directly or indirectly claims priority, (ii) for which any of the Patents directly or indirectly forms a basis for priority, and (iii) that were co-owned applications that incorporate by reference, or are incorporated by reference into, the Patents; (2) reissues, reexaminations, continuations, continuations-in-part, continuing prosecution applications, requests for continuing examinations, divisions, and registrations of any item in any of the foregoing subparagraph (1); and (3) foreign patents, patent applications and counterparts claiming priority to or from any of the foregoing subparagraphs (1) and (2), including, without limitation, certificates of invention, utility models, industrial design protection, design patent protection, and other governmental grants or issuances.
No Other Assets. Other than with respect to the Assets, the Acquired Company (a) has not conducted any business since its formation and (b) will not own any other assets or properties as of Closing nor has it ever owned any other assets or properties.
No Other Assets. Borrower shall not own any property other than Borrower Loans.
No Other Assets. As of November 30, 2005, FMH owns no assets other than its interests in the LLC, except as set forth on Exhibit F. There will be no material change in the assets of FMH between November 30, 2005 and the date of the Contribution.
No Other Assets. Borrower shall not own any property other than Collateral Loans and IB Sub Loan; provided, however, Borrower shall be permitted to own REO and de minimus assets related to its operation.”
f. Section 6.18.1 of Schedule 6.18 attached to the Loan Agreement is hereby deleted in its entirety and replaced with the following: