Assets; Inventory. As of the Closing Date, all of the tangible Assets are in good operating order, condition, and repair, ordinary wear and tear excepted, and are suitable for use in the ordinary course of the Business. All inventory is of usable and saleable quality and includes no material amount of obsolete or discontinued items or items that cannot be used by Purchaser in the ordinary course of the Business.
Appears in 6 contracts
Samples: Asset Purchase Agreement (PunchFlix, Inc.), Asset Purchase Agreement (PunchFlix, Inc.), Asset Purchase Agreement (PunchFlix, Inc.)
Assets; Inventory. As of the Closing Date, all of the tangible Assets are in good operating order, condition, and repair, ordinary wear and tear excepted, and are suitable for use in the ordinary course of the Business. All inventory is of usable and saleable quality and includes no material amount of obsolete or discontinued items or items that cannot be used by Purchaser in the ordinary course of the Business. –This clause may change based on the assets and whether there is inventory].
Appears in 2 contracts
Samples: Agreement (B2Digital, Inc.), Business and Asset Purchase Agreement (B2Digital, Inc.)
