Common use of Necessary Properties Clause in Contracts

Necessary Properties. As of the date hereof, the Real Property, -------------------- Tangible Personal Property and Intellectual Property of Allstate include all of the real properties, tangible personal properties and intangible personal properties necessary for the conduct of its business as conducted during the 12- month period prior to the date hereof, as presently conducted include substantially all of those properties actually used in the conduct of such business during the twelve-month period prior to the date hereof.

Appears in 1 contract

Sources: Share Exchange Agreement (Sonicport Com)

Necessary Properties. As of the date hereof, the Real Property, -------------------- Tangible Personal Property and Intellectual Property of Allstate include all of the real properties, tangible personal properties and intangible personal properties necessary for the conduct of its business as conducted during the 12- 12-month period prior to the date hereof, as presently conducted include substantially all of those properties actually used in the conduct of such business during the twelve-month period prior to the date hereof.

Appears in 1 contract

Sources: Share Exchange Agreement (Leventhal Russel S)