Operational Assets Clause Samples

Operational Assets. Except as set forth on Schedule 5.21 of the Seller’s Disclosure Schedule, the Company owns or leases all of the material assets, properties, and rights used in or necessary for the conduct of the business of the Company as conducted prior to the applicable Closing Date. Except as set forth on Schedule 5.21 of the Seller’s Disclosure Schedule, the consummation of the Transactions will not result in the Company losing any such assets, properties or rights.

Operational Assets. T▇▇▇▇▇ boards, roadmap documents, milestone trackers, internal naming conventions, and project files tied directly to the development of AIHeadHunter. The undersigned, B▇▇▇▇▇▇▇ ▇▇▇▇▇▇, does hereby certify that: A. He is the Chief Executive Officer of Ehave Inc., a corporation incorporated under the laws of the Province of Ontario, Canada (the “Corporation”). B. The Corporation is authorized to issue an unlimited number of preferred shares without nominal or par value, as permitted under the Business Corporations Act (Ontario) (the “OBCA”).

Operational Assets. All of Seller's interest in equipment, machinery, furniture, communications equipment, fixtures, vehicles, tools, computer hardware, computer software and office supplies presently being used in the operation of Seller's business, except for those assets described in paragraph 1(a) (together with the assets listed in paragraph 1(a), the “Operational Assets”).

Operational Assets. (a) The Assets, and those additional properties and assets of Seller identified in Section 1.2 hereof, constitute all of the assets and ----------- properties that Seller owns or leases in connection with its operation of the Station as of the date hereof. (b) Except as set forth on Schedule 6.14 hereto or as otherwise ------------- contemplated by this Agreement, the Assets will permit the Station to be operated by Purchaser in the manner it is presently being operated by Seller and substantially in accordance with the terms of the FCC Licenses and the rules and regulations of the FCC, and with all other applicable Federal, state, and local statutes, ordinances, rules, and regulations.

Operational Assets. (a) The Assets, and those additional properties and assets of Seller identified in Section 1.2 hereof, constitute all of the assets and properties that Seller owns or leases in connection with its operation of the Stations as of the date hereof. (b) Schedule 1.1(b) hereto contains descriptions of all material items which comprise all personal property necessary to conduct the business or operations of the Stations as now conducted, except for those assets described in Section 1.2 hereof. The Assets will permit the Stations to be operated by Purchaser in substantially the manner currently operated by Seller and substantially in accordance with the terms of the FCC Licenses and the rules and regulations of the FCC, and with all other applicable Federal, state, and local statutes, ordinances, rules and regulations.

Operational Assets. 8.1 There are no material: (a) rights to use assets (not being Financial Assets) that are used in and required for the carrying on of the SF Business in the ordinary course of business which are not owned by a SF Group Company or comprised within the Business Assets; (b) rights to use facilities or services required for the carrying on of the SF Business in the ordinary course of business which are provided by any third party; and (c) leases, licences or other agreements in relation to or conferring the rights referred to in paragraphs (a) or (b) which are not granted to an SF Group Company for use in the SF Business in the ordinary course, (other than with respect to Portfolio Property, Portfolio Aircraft, Properties, Intellectual Property Rights and IT Systems or other matters specifically addressed in the Transitional Services Agreement) that are not held in the name of by a SF Group Company or comprised within the Business Assets and/or Business Contracts. There is no Contractual Default in relation to any such right, lease, licence or other agreement. 8.2 All material assets (other than the Financial Assets, Properties, Intellectual Property Rights and IT Systems) that are used in and required for the carrying on of the SF Business in the ordinary course of business (other than assets of the type referred to in paragraph 8.1) are legally and beneficially owned by a SF Group Company or comprised within the Business Assets and are not subject to any Encumbrance (other than a Permitted Encumbrance). 8.3 The assets referred to in paragraphs 8.1(a) and 8.2 above and the facilities, services, leases, licence or other agreements referred to in paragraphs 8.1(b) and 8.1(c) above, together with those services provided or to be provided under the Transitional Services Agreement comprise all material assets (other than Financial Assets) required for the carrying on of the SF Business substantially in the manner in which it is carried on at the date of this Agreement.

Operational Assets. All equipment, machinery, furniture, communications equipment, fixtures, vehicles, tools, computer hardware, computer software (excluding accounting software provided by Contractor’s Data Services) and office supplies presently being used in the operation of the Business at the ▇▇▇▇▇▇▇ Location and certain assets presently used at the Ohio Location (“Operational Assets”). A list of the Operational Assets is attached to this Agreement as Schedule 1(a). The Operational Assets are being purchased in an “as is - where is” condition.

Operational Assets. All of Seller's interest in equipment, machinery, fixtures, vehicles, and tools presently being used in the operation of that division.

Operational Assets