Title to Personal Property and Encumbrances Sample Clauses

Title to Personal Property and Encumbrances. The Target possesses, and has good and marketable title to all personal property necessary for the continued operation of the Business as presently conducted and as represented to the Purchaser, including all Target Assets reflected in the Target Financial Statements or acquired since the Target Accounting Date. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material equipment, furniture, fixtures and other tangible personal property and Target Assets owned or leased by the Target are owned by the Target, free and clear of all Encumbrances, except as disclosed in the Target Disclosure Statement.
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Title to Personal Property and Encumbrances. The Company possesses, and has good and marketable title to all personal property necessary for the continued operation of the Business as presently conducted and as represented to the Acquirer, including all assets reflected in the Company’s Financial Statements, or acquired since the date of such financial statements. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material equipment, furniture, fixtures and other tangible personal property and assets owned or leased by the Company or its subsidiary is owned by such free and clear of all Encumbrances, except as previously disclosed in writing to the Acquirer;
Sample 1Sample 2
Title to Personal Property and Encumbrances. Each of the Target and XinWei possesses, and has good and marketable title to all personal property necessary for the continued operation of the Business as presently conducted and as represented to the Purchaser, including all assets reflected in the Target Financial Statements or acquired since the Target Accounting Date. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material equipment, furniture, fixtures and other tangible personal property and assets owned or leased by the Target or XinWei is owned by the Target or XinWei, as applicable, free and clear of all Encumbrances, except as disclosed in the Target Disclosure Statement.
Sample 1
Title to Personal Property and Encumbrances. To the knowledge of Altum and except as disclosed in the Altum Disclosure Letter, Altum possesses, and has good and marketable title to, all personal property necessary for the continued operation of the Business as presently conducted and as represented to BetterLife, including all Altum Assets reflected in the Altum Financial Statements or acquired since the Altum Accounting Date. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material equipment, furniture, fixtures and other tangible personal property and Altum Assets owned or leased by Altum are owned or leased by Altum, as applicable, free and clear of all Encumbrances.
Sample 1
Title to Personal Property and Encumbrances. Each of the Target and 1Crosstech possesses, and has good and marketable title to all personal property necessary for the continued operation of the Business as presently conducted and as represented to the Purchaser, including all assets reflected in the Target Financial Statements or acquired since the Target Accounting Date. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material equipment, furniture, fixtures and other tangible personal property and assets owned or leased by the Target or 1Crosstech is owned by the Target or 1Crosstech, as applicable, free and clear of all Encumbrances, except as disclosed in the Target Disclosure Statement.
Sample 1
Title to Personal Property and Encumbrances. The Company and its subsidiaries possess, and have good and marketable title to all personal property necessary for the continued operation of the Business as presently conducted and as represented to the Acquirer, including all assets reflected in the Company’s Financial Statements and the financial statements of the Company subsidiary, Hubei Minkang Pharmaceutical Co., Ltd., or acquired since the date of such financial statements. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material equipment, furniture, fixtures and other tangible personal property and assets owned or leased by the Company or its subsidiary is owned by such free and clear of all Encumbrances, except as previously disclosed in writing to the Acquirer;
Sample 1
Title to Personal Property and Encumbrances. The Company does not own any material personal property or equipment.
Sample 1
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Related to Title to Personal Property and Encumbrances

  • Title to Property The Company and its Subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(t) or such as would not have a Material Adverse Effect. Any real property and facilities held under lease by the Company and its Subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as would not have a Material Adverse Effect.

  • Real Property; Title to Assets (a) No Group Company owns any real property. No Group Company is a party to any Contract, agreement or option to purchase any real property. (b) Section 3.13(b) of the Disclosure Schedule sets forth the address of each Leased Real Property, and a true and complete list of all Leases for each such Leased Real Property (including all amendments, extensions, renewals, guaranties and other agreements with respect thereto). With respect to each of the Leases: (i) such Lease is legal, valid, binding, enforceable and in full force and effect, subject to the Bankruptcy and Equity Exception, (ii) the Group Companies’ possession and quiet enjoyment of the Leased Real Property under such Lease has not been materially disturbed and, to the knowledge of the Company, there are no disputes with respect to such Lease, (iii) no Group Company nor, to the knowledge of the Company, any other party to such Lease, is in material breach or default under such Lease, (iv) the Group Companies have not subleased, licensed or otherwise granted any person, other than other Group Companies, the right to use or occupy such Leased Real Property or any portion thereof, and (v) the Group Companies have a valid and subsisting leasehold interest in all property under the Leases, in each case free and clear of all Liens, other than the Permitted Encumbrances. (c) The Leased Real Property comprises all of the real property used in the conduct of the business of the Group Companies as currently conducted. The use, occupation, operation, leasing, management of the Leased Real Property by any Group Company is not in contravention of any applicable Laws in any material respect. Each Group Company has used the Leased Real Property in compliance in all material respects with the approved use and zoning requirement under the relevant title certificates, land use rights certificates, certificates of real estate ownership and similar title documents, or as otherwise required by the competent Governmental Authorities. (d) Except as would not, individually or in the aggregate, have a Material Adverse Effect, the Group Companies have good and marketable title to, or a valid and binding leasehold interest in, all other properties and assets necessary to conduct their respective businesses as currently conducted (excluding Leased Real Property and Intellectual Property), in each case free and clear of all Liens, except for Permitted Encumbrances.

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property:

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