Common use of Ownership and Condition of Assets Clause in Contracts

Ownership and Condition of Assets. 24.1 Each of the assets included in the Management Accounts or acquired by the Company since the Accounts Date (other than the Properties and current assets subsequently disposed of or realised in the ordinary course of business) is owned both legally and beneficially by the Company free from any third party rights and, if capable of possession, is in the possession of the Company.

Appears in 2 contracts

Samples: Agreement (Smartdisk Corp), Agreement (Smartdisk Corp)

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Ownership and Condition of Assets. 24.1 Each of the assets included in the Management Accounts or acquired by the any Group Company since the Accounts Date (other than the Properties and current assets subsequently disposed of or realised in the ordinary course of business) is owned both legally and beneficially by the a Group Company free from any third party rights and, if capable of possession, is in the possession of the that Group Company.

Appears in 1 contract

Samples: Agreement (Activision Inc /Ny)

Ownership and Condition of Assets. 24.1 23.1 Each of the assets included in the Management Accounts or acquired by the Company since the Accounts Date (other than the Properties and current assets subsequently disposed of or realised in the ordinary course of business) is owned both legally and beneficially by the Company free from Encumbrance and any third party rights and, if capable of possession, is in the possession of the Companyits possession.

Appears in 1 contract

Samples: Activcard Corp

Ownership and Condition of Assets. 24.1 Each of the assets included in the Management Accounts or acquired by the Company since the Accounts Date (other than the Properties and current assets subsequently disposed of sold, realised or realised applied in the ordinary normal course of businesstrading) is owned both legally and beneficially by the Company free from any third party rights andrights, if and each of those assets capable of possession, possession is in the possession of the Company.

Appears in 1 contract

Samples: Medialink Worldwide Inc

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Ownership and Condition of Assets. 24.1 23.1 Each of the assets included in the Management Accounts or acquired by the a Group Company since the Accounts Date (other than the Properties and current assets subsequently disposed of sold, realised or realised applied in the ordinary normal course of businesstrading) is owned both legally and beneficially by the that Group Company free from any third party rights andrights, if and each of those assets capable of possession, possession is in the possession of the a Group Company.

Appears in 1 contract

Samples: Share Purchase Agreement (Advanced Marketing Services Inc)

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