Common use of Title to the Purchased Assets and Related Matters Clause in Contracts

Title to the Purchased Assets and Related Matters. Except for the items of Tangible Personal Property leased by the Seller and disclosed in the Disclosure Schedule and except as otherwise set forth in the Disclosure Schedule, the Seller owns and has good and valid legal and beneficial title to all of the Purchased Assets free and clear of all Encumbrances. All of the Purchased Assets are in the possession or under the control of the Seller and consist of all of the assets that are incremental or relating to, or used in connection with, the Business. Except for those items of Tangible Personal Property leased by the Seller and disclosed in the Disclosure Schedule and except as otherwise set forth in the Disclosure Schedule, no Person other than the Seller owns any of the Tangible Personal Property located on any of the Real Property (other than immaterial items of personal property that are owned by the Seller's employees).