Examples of Assets in a sentence
No Contract entered into by any member of the Xxxxx Group or the Company that is required or necessary to conduct the Business by the Company on the Reorganization Completion Date and the Closing Date or is necessary for use of the Assets required or necessary for the conduct of the Business may be terminated, rescinded or get repudiated or become invalid, as a result of or in connection with the entering into or consummation of the transactions contemplated under the Transaction Documents.
Save and except for wear and tear in the Ordinary Course of Business, there has been no deterioration in the physical Assets used for the purpose of the Business which may render any such physical Assets unusable or require any material repairs.
There are no Encumbrances for Taxes in respect of any member of the Xxxxx Group or the Company or their Assets in relation to the Business, and no Claim is being asserted, raised or threatened with respect to Taxes (or deficiency thereof) in respect of any member of the Xxxxx Group or the Company.
The transfer shall be completed within 90 days of expiry of this Agreement failing which CTU shall be entitled to take over the Project Assets Suo moto.
Each Xxxxx BV has the requisite power, ability and authority to own, lease and operate its rights, properties and Assets and to carry on its respective business as it is being conducted by such member as on the Agreement Date and in 12 (twelve) month periods prior to the Reorganization Completion Date.