Possession and Third Party Facilities. All of the assets owned by the Target Company, or in respect of which the Target Company has a right of use, are in the possession or under the control of the Target Company.
Possession and Third Party Facilities. (a) All of the assets owned by the Company, or in respect of which the Company has a right of use, are in the possession or under the control of the Company.
(b) Where any assets are used in the Business of the Company but not owned by the Company or any facilities or services are provided to the Company by any third party, there has not occurred any event of default or any other event or circumstance (other than the expiry of any Contract in the normal course) which may entitle any third party to terminate any Contract or licence in respect of the provision of such facilities or services (or any event or circumstance which with the giving of notice and/or the lapse of time and/or a relevant determination would constitute such an event or circumstance).
Possession and Third Party Facilities. All of the assets owned by each Group Company, or in respect of which any Group Company has a right of use, are in the possession or under the control of that Group Company.
Possession and Third Party Facilities. (a) All of the assets owned by the Target Group, or in respect of which the Target Group has a right of use, are in the possession or under the control of the Target Group.
(b) Where any assets are used but not owned by the Target Group or any facilities or services are provided to the Target Group by any third party, there has not occurred any event of default or any other event or circumstance which may entitle any third party to terminate any agreement or licence in respect of the provision of such facilities or services (or any event or circumstance which with the giving of notice and/or the lapse of time and/or a relevant determination would constitute such an event or circumstance).
Possession and Third Party Facilities. All of the material assets used in the businesses of the Target Entities are in their possession or under their control. Where a Target Entity uses assets but does not own them or any person provides facilities or services to a Target Entity, so far as the Sellers are aware no default event has occurred which may entitle any person to terminate any agreement in respect of that use or provision where such termination would have a material adverse effect on the Target Entities as a whole.
Possession and Third Party Facilities. (a) All of the assets owned by each Group Company, or in respect of which any Group Company has a right of use, are in the possession or under the control of that Group Company.
(b) Where any assets are used but not owned by any Group Company or any facilities or services are provided to any Group Company by any third party, there has not occurred any event of default or any other event or circumstance which may entitle any third party to terminate any agreement or licence in respect of the provision of such facilities or services (or any event or circumstance which with the giving of notice and/or the lapse of time and/or a relevant determination would constitute such an event or circumstance).
Possession and Third Party Facilities. All the business assets of each Company are in its possession or under its control and there are no circumstances which might result in any Governmental Entity expropriating any such assets. Where each Company uses any assets in its business but does not own them or any person provides facilities or services to each Company, no default event or other event or circumstance has occurred which may entitle any person to terminate any arrangement for such use or provision.
Possession and Third Party Facilities. (a) All of the assets owned by the Banking Company, or in respect of which the Banking Company has a right of use, are in the possession or under the control of the Banking Company.
(b) Where any assets are used in the Business but not owned by the Banking Company or any facilities or services are provided to the Banking Company by any third party, there has not occurred any event of default or any other event or circumstance (including any event or circumstance which with the giving of notice and/or the lapse of time and/or a relevant determination would constitute such an event or circumstance), other than the expiry of any Contract in the normal course, which may entitle any third party to terminate any Contract or licence in respect of the provision of such facilities or services.
Possession and Third Party Facilities. Where a Group Company uses assets but does not own them or any person provides material facilities or services to a Group Company, no default event or any other event or circumstance has occurred which may entitle that person to terminate any agreement in respect of that use or provision where such termination would have an aggregate cost to the Group Companies of £1,000,000 or more.
Possession and Third Party Facilities. All of the Distribution Business Assets are, or will at Closing be, in the possession or under the control of a member of the Newco Group. Where any assets are used in the Distribution Business but are not owned by a member of the Newco Group, or any person provides facilities or services to the Newco Group, no default event or any other event or circumstance has occurred which may entitle any person to terminate any agreement in respect of such use or provision (or any event or circumstance which with the giving of notice and/or the lapse of time and/or a relevant determination would constitute such an event or circumstance).
