Assets Used in the Business. The Assets constitute all of the assets, properties and rights used in the conduct of the Business, other than the Excluded Assets. The Sellers are the sole owners of the Assets and Assumed Liabilities. Immediately following the Closing, no Seller Entity (or any subsidiary thereof) will own or lease any assets, properties or rights which are used in or are necessary for the conduct of the Business, other than the Excluded Assets.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Extendicare Health Services Inc), Asset Purchase Agreement (Omnicare Inc)