Adequacy of Purchased Assets. The Purchased Assets constitute, in the aggregate, all of the property necessary for the conduct of the Acquired Business in the manner in which and to the extent to which it is currently being conducted.
Adequacy of Purchased Assets. Except as set forth on Schedule 5.17, all of the Purchased Transmission Assets are suitable for Transmission as currently owned or used. Except as set forth on Schedule 5.17, the Purchased Assets, comprise all of the Transmission Lines, Transmission Line Facilities and Transmission Substation Facilities and other material rights and assets that are necessary for: (i) Transmission over the Transmission Lines on a commercially reasonable basis in accordance with Good Utility Practice, as conducted by Seller and its Affiliates as of the date hereof and at Closing, and (ii) the interconnection of such Transmission Lines with all other Transmission lines, Transmission facilities, distribution facilities, generation facilities and other electrical equipment to which such Transmission Lines are currently interconnected. Except as set forth on Schedule 5.17, the Transmission Lines constitute all of the lines used for Transmission owned or operated by Seller, and the Purchased Assets include all of the material assets, rights and properties of Seller owned, used or operated primarily for Transmission.
Adequacy of Purchased Assets. 15 4.21 Credit Cards......................................................15 4.22
Adequacy of Purchased Assets. Purchased Assets include all material rights, properties, interests in properties, and assets used by TMS to conduct the Business as presently conducted by TMS.
Adequacy of Purchased Assets. The Purchased Assets constitute all of the assets held for use or used in connection with the Business as currently conducted (other than the Excluded Assets) and the Purchased Assets are adequate to enable the Buyer to conduct after the Closing the Business as currently conducted by the Seller. There are no existing agreements or arrangements among Seller Related Parties or their affiliates or relatives which must be continued or replaced after the Closing to enable Buyer to conduct after the Closing the Business as currently conducted by Seller, except for the lease of the real property currently leased by the Seller and the arrangements to use the licenses of Xxxxxx X. Xxxxxxx to qualify the Business. All of the tangible Purchased Assets and other items necessary to conduct the Business are, and shall on the Closing Date be, located at the Seller’s leased facility or on a job site to which Buyer shall have access. 3.19.
Adequacy of Purchased Assets. The Purchased Assets are in good ---------------------------- operating condition and repair (ordinary wear and tear excepted), are all of the assets used currently in the Business or necessary for the operation of the Business in the ordinary course and consistent with past practice, and are in conformity in all material respects with all applicable laws, ordinances, orders, relations and other requirements (including applicable zoning, environmental, motor vehicle safety or standards, occupational safety and health laws and regulations) relating thereto currently in effect, except where the failure to conform would not have a material adverse effect on the business, condition (financial or otherwise) or prospects of LSR.
Adequacy of Purchased Assets. The Purchased Assets, and the rights provided under the Transition Agreement (subject to the limitations set forth therein), constitute, in the aggregate, all of the property necessary for the conduct of the Acquired Business in the manner in which and to the extent to which it is currently being conducted.
Adequacy of Purchased Assets. 20 5.25 Data and Information......................................... 20
Adequacy of Purchased Assets. The Purchased Assets on the Closing Date will include all of the rights, properties, interests in properties, and assets of every type and description, tangible and intangible, used by the Sellers in, and necessary to permit the Purchaser to carry on, the Sellers' Business as presently and on the Closing Date conducted by the Sellers, except for the Excluded Assets and any Permits that are not assignable which Purchaser must obtain for itself. All of the Purchased Assets are in good condition and repair, in each case, normal wear and tear excepted.
Adequacy of Purchased Assets. The Purchased Assets acquired pursuant to this Agreement shall be adequate for Buyer to operate the Black Helmet Business in substantially the same manner as conducted by Seller.
