Leased Tangible Assets definition
Examples of Leased Tangible Assets in a sentence
The execution and delivery of this Agreement, and the consummation of the transactions contemplated by this Agreement, will not result in the creation of any Charge on any of the Leased Tangible Assets or result in any default under or violation of any applicable lease agreement.
The Tangible Assets together with the Returning Tangible Assets and the Leased Tangible Assets comprise all of the material tangible assets of the Company used by the Company to conduct its business as it has been conducted until Signing and will be conducted until Closing, and as contemplated to be conducted by the Company, as described in any product roadmaps, business plans or the like existing as of Closing.
The Tangible Assets together with the Returning Tangible Assets and the Leased Tangible Assets have been well maintained and are in good and serviceable condition, exempt from normal wear and tear.
The Leased Tangible Assets shall be in good working order on the Closing Date, except for normal wear and tear and deterioration associated with the operation of such assets in the ordinary course of the Company's or the Subsidiary's business, and are suitable for the purposes for which they are presently used.
Schedule 2.1(a)(1) includes a correct and complete --------------- list of the tangible assets to be transferred to Purchaser pursuant to this Agreement and accurately identifies whether such assets are owned or leased by Seller (all such owned tangible assets are collectively referred to as the "Owned Tangible Assets" and all such leased tangible assets are collectively referred to as the "Leased Tangible Assets").
The Leased Tangible Assets shall be in good working order on the Closing, Date, except for normal wear and tear and deterioration associated with the operation of such assets in the ordinary course of the Company's or the Subsidiary's business, and are suitable for the purposes for which they are presently used.
Seller has good leasehold title to all Leased Tangible Assets, free and clear of all Charges, except charges related to the leases listed on Schedule 3.4 (the "Asset Leases"), and, immediately following the consummation of the transactions at Closing, Purchaser will have good leasehold title thereto, free and clear of any Charges, except charges related to the Asset Leases.
Except as set forth on Schedule 3.12(b), as of the Closing Date and immediately ------------------ following the consummation of the transactions at Closing, the Company, or the Subsidiary as applicable, will have good and transferable leasehold interests in all of its Leased Tangible Assets, in each case under valid leases enforceable against the lessors thereunder.
The Leased Tangible Assets shall be in substantially the same condition on the Closing Date as they were at the time or times they were inspected by Purchaser, except for normal wear and tear and deterioration associated with the operation of such assets in the ordinary course of the Company's business.
The Owned Tangible Assets and the Leased Tangible Assets constitute all of the material operating assets of Seller necessary for Seller to fulfill its existing obligations as of the date hereof under the NYCTA Agreement, the Advertising Contracts and the Assigned Contracts and are in good operating condition and repair, reasonable wear and tear excepted.