Common use of Necessary Property Clause in Contracts

Necessary Property. All of the DPII Real Property and DPII Assets and Properties owned or leased by DPII and the DPII Intellectual Property listed on the DPII Disclosure Schedule owned by or licensed to DPII constitute all of the property reasonably necessary for the conduct of the DPII Business in the manner and to the extent presently conducted by DPII.

Appears in 3 contracts

Sources: Merger Agreement (Discovery Partners International Inc), Merger Agreement (Axys Pharmecueticals Inc), Merger Agreement (Discovery Partners International Inc)