Common use of Title to Assets; Leases Clause in Contracts

Title to Assets; Leases. Prior to, upon and immediately after the Closing, each of the Seller and its Subsidiaries owns or has the right to use all of the Assets necessary for the Business as currently conducted, the absence of which would have a Material Adverse Effect. Prior to, upon and immediately after the Closing, each of the Seller and its Subsidiaries enjoys peaceful and undisturbed possession of all leases of real property on which facilities operated by it are situated and all leases of other Property used in its Business, and all such leases are valid and in full force and effect, in each case the absence of which would have a Material Adverse Effect.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Intercel Inc/De), Stock Purchase Agreement (Powertel Inc /De/), Stock Purchase Agreement (Intercel Inc/De)

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