Common use of Right to Use Assets Clause in Contracts

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. All tangible assets used in the conduct of Sellers' 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. Sellers ownSeller owns, lease leases or otherwise possess possesses a transferable right to use all material assets used in the conduct of their business, its business and except for the Excluded Assets, will transfer (subject to the receipt of any requisite consents or approvals) all of such rights to Purchaser at Closing.