Common use of Ownership of the Purchased Assets Clause in Contracts

Ownership of the Purchased Assets. (a) The Seller has good title to, or a valid leasehold interest in, all of the Purchased Assets, free and clear of all title defect, liens, claims or other encumbrances of any kind or character, except for liens for current taxes, assessments and governmental charges not yet due and payable and except for those liens shown on Schedule 1.3(d) to this Agreement, and subject to the provisions of Section 1.11 to this Agreement, which liens will be discharged at Closing. (b) Subject to Section 6.1, the Seller has paid all applicable taxes that are due and payable with respect to the Purchased Assets.

Ownership of the Purchased Assets. (a) The Seller has good title to, or a valid leasehold interest in, all of the Purchased Assets, free and clear of all title defect, liens, claims or other encumbrances of any kind or character, except for liens for current taxes, assessments and governmental charges not yet due and payable and except for those liens shown on Schedule 1.3(d) to this Agreement, and subject to the provisions of Section 1.11 to of this Agreement, which liens will be discharged at Closing. (b) Subject to Section 6.1, the Seller has paid all applicable taxes that are due and payable with respect to the Purchased Assets.

Ownership of the Purchased Assets. (a) The Seller has good title to, or a valid leasehold interest in, all of the Purchased Assets, free and clear of all title defect, liens, claims or other encumbrances of any kind or character, except for liens for current taxes, assessments and governmental charges not yet due and payable and except for those liens shown on Schedule 1.3(d1.3 (d) to this Agreement, and subject to the provisions of Section 1.11 1. II to this Agreement, which liens will be discharged at Closing. (b) Subject to Section 6.1, the Seller has paid all applicable taxes that are due and payable with respect to the Purchased Assets.