Common use of Sufficiency of the Purchased Assets Clause in Contracts

Sufficiency of the Purchased Assets. The Purchased Assets constitute, and on the Closing Date will constitute, all of the assets or property principally used or held for use by Seller or its Affiliates in the System and the System Operations (except for the Excluded Assets), and the Purchased Assets constitute all of the assets or property necessary to operate the System as it is now operated (except for the Excluded Assets) plus any capital additions thereto prior to the Closing.

Sufficiency of the Purchased Assets. The Purchased Assets constitute, and on the Closing Date will constitute, substantially all of the assets or property principally used or held for use by Seller or its Affiliates in the System and the System Operations (except for the Excluded Assets), and the Purchased Assets constitute all of the assets or property necessary to operate the System as it is now operated (except for the Excluded Assets) plus any capital additions thereto prior to the ClosingBusiness.