Common use of Sufficiency of Transferred Assets Clause in Contracts

Sufficiency of Transferred Assets. Except for the exclusion of the Excluded Assets and assuming that HoldCo has the ability to provide to the VIOC Centers all corporate-level services of the type that are currently provided to the VIOC Centers by Ashland or any of its affiliates, the Transferred Assets, together with the Blanket License Agreement, are sufficient for the operation and conduct of the business of the VIOC Centers immediately following the Closing in substantially the same manner as currently operated and conducted, other than any insufficiency that would not reasonably be expected to have a VIOC Centers Material Adverse Effect.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (Marathon Oil Corp), Assignment and Assumption Agreement (Marathon Oil Corp), Assignment and Assumption Agreement (Ashland Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.