Common use of Sufficiency of and Title to Assets Clause in Contracts

Sufficiency of and Title to Assets. The assets owned, leased or licensed by the Companies constitute all material assets used in connection with the businesses of the Companies, and such assets constitute all the assets sufficient for the Companies to continue to conduct their businesses in the same manner as they are presently being conducted. The owned assets of the Companies are not subject to any Liens except Permitted Liens.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pam Transportation Services Inc)

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Sufficiency of and Title to Assets. The assets owned, leased or licensed by the Companies constitute all material assets used in connection with the businesses of the Companies, and such assets constitute all the assets sufficient necessary for the Companies to continue to conduct their businesses in the same manner as they are presently being conducted. The owned assets of the Companies are not subject to any Lien, except for Liens except Permitted Liensdisclosed on Schedule 2.20 and Liens that are immaterial individually and in the aggregate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Knight Transportation Inc)

Sufficiency of and Title to Assets. The assets owned, leased leased, or licensed by the Companies Company constitute all material assets used in connection with the businesses business of the CompaniesCompany, and such assets constitute all the assets sufficient necessary for the Companies Company to continue to conduct their businesses its business in substantially the same manner as they are presently being conducted or proposed to be conducted. The owned assets of the Companies Company are not subject to any material Lien, except for Liens except Permitted Liensdisclosed on Schedule 4.21.

Appears in 1 contract

Samples: Merger Agreement (Arcbest Corp /De/)

Sufficiency of and Title to Assets. The assets owned, leased or licensed by the Companies Company constitute all material assets used in connection with the businesses business of the CompaniesCompany, and such assets constitute all the assets sufficient necessary for the Companies Company to continue to conduct their businesses its business in the same manner as they are it is presently being conducted. The owned assets of the Companies Company are not subject to any Lien, except for Liens except Permitted Liensdisclosed on Schedule 3.20 and Liens that are immaterial individually and in the aggregate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Heartland Express Inc)

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Sufficiency of and Title to Assets. The assets owned, leased or licensed by the Companies Entities constitute all material assets used in connection with the businesses business of the CompaniesEntities, and such assets constitute all the assets sufficient necessary for the Companies Entities to continue to conduct their businesses its business in the same manner as they are it is presently being conducted. The owned assets of the Companies Entities are not subject to any Lien, except for Permitted Liens except Permitted Liensdisclosed on Schedule 3.21.

Appears in 1 contract

Samples: Acquisition and Merger Agreement (Heartland Express Inc)

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