Common use of The Business Assets Clause in Contracts

The Business Assets. 2.1 Except for the assets covered by the Equipment Leases, the Vendor is the absolute legal and beneficial owner of and has good, marketable and insurable title to all the Business Assets and at Completion full title in all the Business Assets will vest in the Purchaser free from all liens, mortgages, charges, security interests, restrictions, conditions, claims, options, imperfections of title or other encumbrances whatsoever (whether arising by way of statute or otherwise).

Appears in 4 contracts

Samples: Asset Purchase Agreement (Home Security International Inc), Asset Purchase Agreement (Home Security International Inc), Asset Purchase Agreement (Home Security International Inc)

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