Common use of Assets in Good Condition Clause in Contracts

Assets in Good Condition. All the physical Assets comprising the Purchased Assets are in good operating condition and in a state of good maintenance and repair having regard to the use to which the Assets are put and the age thereof. There are no facts or conditions affecting the Purchased Assets which could interfere in any respect with the use, occupancy or operation of the Purchased Assets as currently used, occupied or operated.

Appears in 5 contracts

Samples: Exchange Agreement (Luduson G Inc.), Purchase Agreement (LNPR Group Inc.), Purchase Agreement (Tribal Rides International Corp.)

AutoNDA by SimpleDocs

Assets in Good Condition. All the physical Assets comprising assets forming part of the Purchased Assets are in good operating condition in the aggregate, ordinary wear and tear excepted, and are in a state of good maintenance and repair having regard to the use to which the Assets assets are put and the age thereof. There are no facts or conditions affecting the Purchased Assets which could interfere in any respect with the use, occupancy or operation of the Purchased Assets as currently used, occupied or operated.

Appears in 1 contract

Samples: Acquisition Agreement (Darling International Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.