Common use of Title and Condition of Assets Clause in Contracts

Title and Condition of Assets. The Company currently has no assets (other than cash) except as listed on SCHEDULE 5.10. The Company has a valid and enforceable leasehold interest in its leases listed on SCHEDULE 5.10 pursuant to the terms of the lease agreements and is not in default thereunder.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Usinternetworking Inc), Stock Purchase Agreement (Usinternetworking Inc), Stock Purchase Agreement (Usinternetworking Inc)

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Title and Condition of Assets. The Company currently has no assets (other than cash) except as listed on SCHEDULE 5.10. The Company has a valid and enforceable leasehold interest in its leases listed on SCHEDULE Schedule 5.10 pursuant to the terms of the lease agreements and is not in default thereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Usinternetworking Inc)

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Title and Condition of Assets. The Company currently has no assets (other than cash) except as listed on SCHEDULE 5.105.9. The Company has a valid and enforceable leasehold interest in its leases listed on SCHEDULE 5.10 5.9 pursuant to the terms of the lease agreements and is not in default thereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Usinternetworking Inc)

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