Common use of Assets to be Retained by Seller Clause in Contracts

Assets to be Retained by Seller. Anything herein to the contrary notwithstanding, Seller shall not sell, and Purchaser shall not acquire, the following assets of Seller (the "Retained Assets"): 4.2.1 any rights of Seller with respect to insurance policies owned by Seller or for which Seller is the named insured; 4.2.2 all cash, funds in bank accounts and cash equivalents existing as of the date hereof; and 4.2.3 any patents, trademarks, trademark registrations, copyrights, copyright registrations, trade names and all registrations thereof and all applications for any of the foregoing, whether issued or pending, if any, and all goodwill associated with any of the foregoing (the "Intangible Assets").

Assets to be Retained by Seller. Anything herein to the contrary notwithstanding, Seller shall not sell, and Purchaser shall not acquire, the following assets of Seller (the "Retained Assets"): 4.2.1 1.2.1 any rights of Seller with respect to insurance policies owned by Seller or for which Seller is the named insured; 4.2.2 all cash, funds in bank accounts and cash equivalents existing as of the date hereof; and 4.2.3 1.2.2 any patents, trade secrets, designs, trademarks, trademark registrations, copyrights, copyright registrations, trade names (other than the name "Active Sports Marketing") and all registrations thereof and all applications for any of the foregoing, whether issued or pending, if any, and all goodwill associated with any of the foregoing (the "Intangible Assets").