Title to Tangible Personal Property. Seller has good and valid title to, or a valid leasehold interest in the Purchased Assets, free and clear of Encumbrances except for Permitted Encumbrances and except for the lien held by Seller’s lenders as disclosed on Schedule 3.02, which will be released in accordance with Section 3.02. With the exception of leased assets, there are no other owners of the Purchased Assets.
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Samples: Asset Purchase Agreement (Furmanite Corp), Asset Purchase Agreement (Englobal Corp)
Title to Tangible Personal Property. Seller has good and valid title to, or a valid leasehold interest in the Purchased Assets, free and clear of Encumbrances except for Permitted Encumbrances and except for the lien held by Seller’s lenders as disclosed on in Schedule 3.02, which will be released in accordance with Section 3.02. With the exception of leased assets, there are no other owners of the Purchased Assets.
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Title to Tangible Personal Property. Except as set forth in Section 3.06 of the Disclosure Schedules, Seller has good and valid title to, or a valid leasehold interest in, all Tangible Personal Property included in the Purchased Assets, free and clear of Encumbrances any lien, charge, claim, pledge, security interest or other similar encumbrance (“Lien”), except for Permitted Encumbrances and except for the lien held by Seller’s lenders as disclosed on Schedule 3.02, which will be released in accordance with Section 3.02. With the exception of leased assets, there are no other owners of the Purchased AssetsLiens.
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