Common use of Adequacy of Personal Property Clause in Contracts

Adequacy of Personal Property. The Personal Property and the Leased Equipment with respect to the Restaurants operated by Seller constitute all of the items of tangible personal property required to operate such Restaurants as Pizza Hut and/or Pizza Hut/WingStreet restaurants. This representation does not constitute a representation of the condition of the Personal Property or Leased Equipment, each of which are sold or assigned, as applicable, "AS IS, WHERE IS", with all faults, except as otherwise specifically provided in these representations and warranties and with respect to Critical Deficiencies.

Adequacy of Personal Property. The Personal Property and the Leased Equipment with respect to the Restaurants operated by such Seller constitute all of the items of tangible personal property required to operate such Restaurants as Pizza Hut and/or Pizza Hut/WingStreet restaurants, except for computer hardware and software as contemplated by Section 1.2(b) above. This representation does not constitute a representation of the condition of the Personal Property or Leased Equipment, each of which are sold or assigned, as applicable, "AS IS, WHERE IS", with all faults, except as otherwise specifically provided in these representations . Schedule 2.5 lists the items of Personal Property and warranties Leased Equipment (other than computer hardware and with respect software) required to Critical Deficiencies.operate the respective type of Restaurant listed thereon. 2.6

Adequacy of Personal Property. The Personal Property and the Leased Equipment with respect to the Restaurants operated by such Seller constitute all of the items of tangible personal property required to operate such Restaurants as Pizza Hut and/or Pizza Hut/WingStreet restaurants. This representation does not constitute a representation of the condition of the Personal Property or Leased Equipment, each of which are sold or assigned, as applicable, "AS IS, WHERE IS", with all faults, except as otherwise specifically provided in these representations . Schedule 2.5 lists the items of Personal Property and warranties Leased Equipment (other than computer hardware and with respect software) required to Critical Deficienciesoperate the respective type of Restaurant listed thereon.

Adequacy of Personal Property. The Personal Property and the Leased Equipment with respect to the Restaurants operated by Seller constitute all of the items of tangible personal property required to operate such Restaurants as Pizza Hut and/or Pizza Hut/WingStreet co-branded restaurants. This representation does not constitute a representation of the condition of the Personal Property or Leased Equipment, each of which are sold or assigned, as applicable, "“AS IS, WHERE IS"”, with all faults, except as otherwise specifically provided in these representations and warranties and with respect to Critical Deficiencies.