Common use of Title to the Purchased Assets Clause in Contracts

Title to the Purchased Assets. Seller, or its Affiliates, owns and has good and valid title to, or valid contract rights in, as applicable, the Purchased Assets, free and clear of all Encumbrances other than Permitted Encumbrances.

Appears in 5 contracts

Samples: Asset Purchase Agreement (Pernix Therapeutics Holdings, Inc.), Asset Purchase Agreement (Zogenix, Inc.), Asset Purchase Agreement (Pernix Therapeutics Holdings, Inc.)

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Title to the Purchased Assets. SellerThe Seller Parties, or its their Affiliates, owns own and has have good and valid title to, or valid contract rights in, as applicable, the Purchased Assets, free and clear of all Encumbrances (except out-licensed rights for licensed Seller Intellectual Property as and to the extent disclosed on Section 3.11 of the Seller Disclosure Schedule) other than Permitted EncumbrancesEncumbrances which are Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apricus Biosciences, Inc.)

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