Properties and Assets of the Company. The Company and its Subsidiaries owns or otherwise has the right to use all of the Company Assets. Upon consummation of the transactions contemplated by this Agreement, the Surviving Corporation will have good and marketable title to the Company Assets, free and clear of all Liens, except for Permitted Liens. The Company Assets are sufficient in all material respects to permit the Surviving Corporation to carry on the Business as presently conducted by the Company and its Subsidiaries.
Appears in 1 contract
Sources: Merger Agreement (KIT Digital, Inc.)
Properties and Assets of the Company. The Except as set forth on Schedule 3.6, the Company and its Subsidiaries owns or otherwise has the right to use all of the Company Assets. Upon consummation of the transactions contemplated by this Agreement, the Surviving Corporation will have good and marketable title to the Company Assets, free and clear of all Liens, except for Permitted Liens. The Company Assets are sufficient in all material respects to permit the Surviving Corporation Merger Sub to carry on the Business as presently conducted by the Company and its SubsidiariesCompany.
Appears in 1 contract
Sources: Merger Agreement (KIT Digital, Inc.)