Common use of Sufficiency of Rights Clause in Contracts

Sufficiency of Rights. Except as set forth in Schedule 4.26, and assuming the renewal or continuation of all business arrangements currently in place (and, to the best of Seller's knowledge, no reason exists why such renewal or continuation in favor of Buyer could be obstructed), the Assets constitute all of the properties, rights, and privileges necessary for the indefinite continuation of the conduct of the Business by Buyer in substantially the same manner as it has been operated by Seller during the twelve (12)-month period preceding the closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Svi Holdings Inc)

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Sufficiency of Rights. Except as set forth in Schedule 4.264.25, and assuming the renewal or continuation of all business arrangements (other than the termination of certain employees) currently in place (and, to the best of Seller's knowledge, no reason exists why such renewal or continuation in favor of Buyer could be obstructed), the Assets constitute all of the properties, rights, and privileges necessary for the indefinite continuation of the conduct of the Software Business by Buyer in substantially the same manner as it has been operated by Seller during the twelve (12)-month period preceding the closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Information Management Associates Inc)

Sufficiency of Rights. Except as set forth in Schedule 4.264.25, and assuming the renewal or continuation of all business arrangements currently in place (and, and to the best knowledge of Seller's knowledgeSeller and Owners, no reason exists why such renewal or continuation in favor of Buyer could be obstructed), the Assets constitute all of the properties, rights, and privileges necessary for the indefinite continuation of the conduct of the Business by Buyer in substantially the same manner as it has been operated by Seller during the twelve (12)-month period preceding the closingEffective Date.

Appears in 1 contract

Samples: Asset Acquisition and Purchase Agreement (Nestor Inc)

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Sufficiency of Rights. Except as set forth in Schedule 4.26, and assuming Assuming the renewal or continuation of all business arrangements currently in place (and, to the best of Seller's knowledge, no reason exists why such renewal or continuation in favor of Buyer could be obstructed), the Acquired Assets constitute all of the properties, rights, and privileges necessary for the indefinite continuation of the conduct of the Business Projects by Buyer in substantially the same manner as it has been operated by Seller during the twelve (12)-month 12) month period preceding the closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Keryx Biophamaeuticals Inc)

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