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

Title to and Sufficiency of Assets. The Purchaser and each Subsidiary has good and marketable title to, or a valid leasehold interest in or right to use, all of its assets, free and clear of all Liens other than (a) Permitted Liens, (b) the rights of lessors under leasehold interests, (c) Liens specifically identified on the balance sheet as of March 31, 2022 and (d) Liens set forth on Schedule 3.17. The assets (including Intellectual Property rights and contractual rights) of the Purchaser constitute all of the material assets, rights and properties that are currently used in the operation of the businesses of the Purchaser as it is now conducted or that are used or held by the Purchaser for use in the operation of the business of the Purchaser, and taken together, are adequate and sufficient for the operation of the business of the Purchaser as currently conducted.

Title to and Sufficiency of Assets. The Purchaser and each Subsidiary Each Buyer Company has good and marketable title to, or a valid leasehold interest in or right to use, all of its assets, free and clear of all Liens other than (a) Permitted Liens, (b) the rights of lessors under leasehold interests, (c) Liens specifically identified on the balance sheet as of March 31, 2022 Buyer Interim Balance Sheet and (d) Liens set forth on Schedule 3.17. The assets (including Intellectual Property rights and contractual rights) of the Purchaser Buyer Companies constitute all of the material assets, rights and properties that are currently used in the operation of the businesses of the Purchaser Buyer Companies as it is now conducted or that are used or held by the Purchaser Buyer Companies for use in the operation of the business businesses of the PurchaserBuyer Companies, and and, taken together, are adequate and sufficient for the operation of the business businesses of the Purchaser Buyer Companies as currently conducted.