Common use of Other Tangible Personal Property Clause in Contracts

Other Tangible Personal Property. Schedule 2.5.1 is a complete and accurate schedule describing and specifying the location of the Purchased Assets. The property listed in Schedule 2.5.1 constitutes all such tangible personal property necessary for the conduct by Action of its business as now conducted. Except as stated in Schedule 2.5.1, no personal property used by Action in connection with its business is held under any lease, security agreement, conditional sales contract, or other title retention or security arrangement, or is located other than in the possession of Action.