Common use of OWNERSHIP AND POSSESSION OF ASSETS Clause in Contracts

OWNERSHIP AND POSSESSION OF ASSETS. 2.1 All assets used by each Group Company in the course of its business as carried on at the date of this Agreement or which are necessary for the continuation of its business, other than any asset held under a finance lease, hire purchase and rental or credit sale agreement which has been Disclosed, are legally and beneficially owned by the Group Company free from Encumbrances, and so far as the Seller is aware, no person has claimed to be entitled to an Encumbrance in respect of any such asset.

Appears in 2 contracts

Samples: Lease Agreement, Coinstar Inc

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OWNERSHIP AND POSSESSION OF ASSETS. 2.1 1.1 All assets used by each any Group Company in the course of its business as carried on at the date of this Agreement or which are necessary for the continuation of its business, (other than any asset held under a finance lease, hire purchase and rental or credit sale agreement which has been Disclosed, agreement) are legally and beneficially owned by the that Group Company free from Encumbrances, and so far as the Seller is aware, no person has claimed to be entitled to an Encumbrance in respect of any such asset.

Appears in 2 contracts

Samples: Agreement (Nbty Inc), Agreement (Alphabet Holding Company, Inc.)

OWNERSHIP AND POSSESSION OF ASSETS. 2.1 16.1 All assets used by each any Group Company in the course of its business as carried on at the date of this Agreement or which are necessary for the continuation of its business, (other than any asset held under a finance lease, hire purchase and rental or credit sale agreement which has been Disclosed, agreement) are legally and beneficially owned by the that Group Company free from Encumbrances, and so far as the Seller is aware, no person has claimed in writing to be entitled to an Encumbrance in respect of any such asset.

Appears in 1 contract

Samples: Agreement (Hanover Insurance Group, Inc.)

OWNERSHIP AND POSSESSION OF ASSETS. 2.1 1.1 All assets used by each Group the Company in the course of its business as carried on at the date of this Agreement or which are necessary for the continuation of its business, other than any asset held under a any finance lease, hire purchase and rental or credit sale agreement which has been Disclosedagreements, are legally and beneficially owned by the Group Company free from Encumbrances, and so far as the Seller is aware, no person has claimed to be entitled to an Encumbrance in respect of any such asset.

Appears in 1 contract

Samples: Pharmchem Inc

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OWNERSHIP AND POSSESSION OF ASSETS. 2.1 1.1 All assets used by each any Group Company in the course of its business as carried on at the date of this Agreement or which are necessary for the continuation of its business, Signing Date (other than any asset held under a finance lease, hire purchase and rental or credit sale agreement which has been Disclosed, agreement) are legally and beneficially owned by the that Group Company free from Encumbrances, and so far as the Seller is aware, no person has claimed to be entitled to an Encumbrance in respect of any such asset.

Appears in 1 contract

Samples: Agreement (Nice Systems LTD)

OWNERSHIP AND POSSESSION OF ASSETS. 2.1 All assets used by each Group the Company in the course of its business as carried on at the date of this Agreement or which are necessary for the continuation of its business, other than any asset held under a finance lease, hire purchase and rental or credit sale agreement which has been Disclosed, referred to in the Disclosure Letter are legally and beneficially owned by the Group Company free from Encumbrances, and so far as the Seller is Sellers are aware, no person has claimed to be entitled to an Encumbrance or title in respect of any such asset.

Appears in 1 contract

Samples: Agreement (TRM Corp)

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