Common use of Ownership and Condition of the Assets Clause in Contracts

Ownership and Condition of the Assets. The Company is the sole and exclusive legal and equitable owner of and has good and marketable title to the Assets listed on Schedule 2.9 to this Agreement and such Assets are free and clear of all Encumbrances except as indicated on Schedule 2.7. No Person or Government Entity has an option to purchase, right of first refusal or other similar right with respect to all or any part of the Assets. All of the personal property of the Company used in the operation of its business is in good working order and repair, ordinary wear and tear excepted, and is suitable and adequate for the uses for which it is intended or is being used.

Ownership and Condition of the Assets. The Company is the sole and exclusive legal and equitable owner of and has good and marketable title to the Company Assets listed on and, except as set forth in Schedule 2.9 to this Agreement and 3.8, such Company Assets are free and clear of all Encumbrances except as indicated on Schedule 2.7Encumbrances. No Person person or Government Entity has an option to purchase, right of first refusal or other similar right with respect to all or any part of the Company Assets. Schedule 3.8 contains a complete description of all material items of Personal Property. All of the personal property of the Company used in the operation of its business Personal Property is in good working order and repair, ordinary wear and tear excepted, and is suitable and adequate for the uses for which it is intended or is being used.

Ownership and Condition of the Assets. The Company is the sole and exclusive legal and equitable owner of and has good and marketable title to the Assets listed on and, except as set forth in Schedule 2.9 to this Agreement and 3.10(a), such Assets are free and clear of all Encumbrances except as indicated on Schedule 2.7Encumbrances. No Person person or Government Entity has an option to purchase, right of first refusal or other similar right with respect to all or any part of the Assets. All of the personal property of the Company used in the operation of its business is in good working order and repair, ordinary wear and tear excepted, and is suitable and adequate for the uses for which it is intended or is being used.