Right to Use Assets. All tangible assets used in the conduct of Sellers' business are reflected in the Financial Statements in a manner that is in conformity with generally accepted accounting principles applied on a consistent basis with prior periods. Sellers own, lease or otherwise possess a transferable right to use all material assets used in the conduct of their business, and except for the Excluded Assets, will transfer all of such rights to Purchaser at Closing.
Right to Use Assets. Except for those assets acquired since December 31, 1998, which are listed in Schedule 3.15(d), all tangible and intangible assets used in the conduct of the business of Target are reflected in the Financial Statements in a manner that is in conformity with past accounting practices of Target, consistently applied. Target owns, leases or otherwise possesses a right to use all assets used in the conduct of the business of Target, which will not be impaired by the consummation of the transactions contemplated hereby.
Right to Use Assets. Except for those assets acquired since July 31, 1999, which are listed in Schedule 3.14(d), all tangible and intangible assets used in the conduct of the business of the Company and the Subsidiaries are reflected in the Financial Statements in a manner that is in conformity with generally accepted accounting principles applied on a consistent basis with prior periods. Either the Company or a Subsidiary owns, leases or otherwise possesses a right to use all assets used in the conduct of the business of the Company or such Subsidiary, which will not be impaired by the consummation of the transactions contemplated hereby.
Right to Use Assets. Except for those assets acquired since March 31, 1996, which are listed in Schedule 3.12(d), all tangible and intangible assets used in the conduct of the business of the Corporation are reflected in the Financial Statements in a manner that is in conformity with generally accepted accounting principles, consistently applied. The Corporation owns, leases or otherwise possesses a right to use all assets used in the conduct of the business of the Corporation, which will not be impaired by the consummation of the transactions contemplated hereby.
Right to Use Assets. The Company owns, leases or otherwise possesses a transferable right to use all assets used in the conduct of its business, and except for the Excluded Assets, will transfer all of such rights to Purchaser at Closing.
Right to Use Assets. Except for those assets acquired since November 30, 1996, which are listed in Schedule 3.11(d), all tangible assets used in the conduct of Seller's business are reflected in the Financial Statements in a manner that is in conformity with generally accepted accounting principles applied on a consistent basis with prior periods. Seller owns, leases or otherwise possesses a transferable right to use all assets used in the conduct of its business, and except for the Excluded Assets, has hereby transferred all of such rights to Purchaser.
Right to Use Assets. All tangible and intangible assets used in the conduct of the business of the Company are reflected in the Company Financial Statements in a manner that is in conformity with GAAP applied on a consistent basis with prior periods. The Company owns, leases or otherwise possesses a right to use all assets used in the conduct of the business of the Company, which right will not be impaired by the consummation of the Transactions.
Right to Use Assets. Each Company owns, leases or otherwise possesses a right to use all assets used in the conduct of the business of such Company, which will not be impaired by the consummation of the transactions contemplated hereby, except to the extent any impairment is caused by Purchaser or Purchaser's existing contracts or commitments.
Right to Use Assets. Except for those assets acquired since September 30, 2000, which are listed in Schedule 5.15(d), all tangible and intangible assets used in the conduct of the business of the Company are reflected in the Financial Statements in a manner that is in conformity with GAAP applied on a consistent basis with prior periods. The Company owns, leases or otherwise possesses a right to use all assets used in the conduct of the business of the Company, which will not be impaired by the consummation of the transactions contemplated hereby or upon an Event of Default that results in the foreclosure of the common stock of the Company owned by Probex or the sale of all or substantially all of the assets of the Company.
Right to Use Assets. All tangible and intangible assets used in the conduct of the business of the Company are reflected in the Financial Statements in a manner that is in STOCK PURCHASE AGREEMENT - PAGE - 6 - conformity with generally accepted accounting principles applied on a consistent basis with prior periods. The Company owns, leases or otherwise possesses a right to use all assets used in the conduct of the business of the Company which will not be impaired by the consummation of the transactions contemplated hereby.
