Common use of Sufficiency of the Assets Clause in Contracts

Sufficiency of the Assets. As of the Closing Date, the properties and assets owned or leased by Company will constitute all the properties and assets currently used, and since the date of the Interim Financial Statements have been used, by Company in its Business, except for dispositions made in the Ordinary Course of Business, and are sufficient for the operation of its Business on a basis consistent with past practices.

Appears in 2 contracts

Samples: Merger Agreement (Penn Octane Corp), Merger Agreement (Rio Vista Energy Partners Lp)

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Sufficiency of the Assets. As of the Closing Date, the properties and assets owned or leased by Company will constitute all the properties and assets currently used, and since the date of the Unaudited Interim Financial Statements Balance Sheet have been used, by Company in its Businessbusiness, except for dispositions made in the Ordinary Course of Business, and in the reasonable business judgment of the Company are sufficient for the operation of its Business business on a basis consistent with past practices.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Penn Octane Corp), Stock Purchase Agreement (Rio Vista Energy Partners Lp)

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Sufficiency of the Assets. As of the Closing Date, the properties and assets owned or leased by the Company will constitute all the properties and assets currently used, and since the date of the Interim Financial Statements January 26, 2001 have been used, by the Company in its Businessbusiness, except for dispositions made in the Ordinary Course of Business, and are sufficient for the operation of its Business business on a basis consistent with past practices.

Appears in 1 contract

Samples: Stock Purchase Agreement (Wd 40 Co)

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