Common use of Title to and Sufficiency of Assets Clause in Contracts

Title to and Sufficiency of Assets. 1.25.1 The Company owns, and has good, valid, transferable and marketable title to, or a valid leasehold interest in (i) all properties and assets used by it, located on its premises, shown on the Year-end Financial Statements or acquired after the date thereof, free and clear of all Liens (other than properties and assets disposed of in the ordinary course of business consistent with past practice since the date of the Year-end Financial Statements); (ii) all of its rights under the Material Contracts; and (iii) all other material assets used by the Company or reflected in the books and records of the Company as being owned by the Company.

Appears in 7 contracts

Samples: Strictly Confidential (Unique Logistics International, Inc.), Strictly Confidential (Unique Logistics International, Inc.), Strictly Confidential (Unique Logistics International, Inc.)

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Title to and Sufficiency of Assets. 1.25.1 The Company owns, and has good, valid, transferable and marketable title to, or a valid leasehold interest in (i) all properties and assets used by it, located on its premises, shown on the Year-end Financial Statements or acquired after the date thereof, free and clear of all Liens (other than properties and assets disposed of in the ordinary course of business consistent with past practice since the date of the Year-Year- end Financial Statements); (ii) all of its rights under the Material Contracts; and (iii) all other material assets used by the Company or reflected in the books and records of the Company as being owned by the Company.

Appears in 1 contract

Samples: Share Sale and Purchase Agreement (Unique Logistics International, Inc.)

Title to and Sufficiency of Assets. 1.25.1 The Company owns, and has good, valid, transferable and marketable title to, or a valid leasehold interest in (i) all properties and assets used by it, located on its premises, shown on the Year-end Financial Statements or acquired after the date thereof, free and clear of all Liens (other than properties and assets disposed of in the ordinary course of business consistent with past practice since the date of the Year-end Financial StatementsAudited Balance Sheet); (ii) all of its rights under the Material Contracts; and (iii) all other material assets used by the Company or reflected in the books and records of the Company as being owned by the Company.

Appears in 1 contract

Samples: Share Sale and Purchase Agreement (Unique Logistics International, Inc.)

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Title to and Sufficiency of Assets. 1.25.1 (a) The Company owns, and has good, valid, transferable and marketable title to, or a valid leasehold interest in (i) all properties and assets used by it, located on its premises, shown on the Year-end Financial Statements Annual Accounts or acquired after the date thereof, free and clear of all Liens (other than properties and assets disposed of in the ordinary course of business consistent with past practice since the date of the Year-end Financial StatementsAnnual Accounts and except for Permitted Liens); (ii) all of its rights under the Material Contracts; and (iii) all other material assets used by the Company or reflected in the books and records of the Company as being owned by the Company.

Appears in 1 contract

Samples: Share Purchase Agreement (Synthetic Biologics, Inc.)

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