Common use of Availability of Assets Clause in Contracts

Availability of Assets. The assets owned or leased by the Company constitute all the assets used in its business (including, but not limited to, all books, records, computers and computer programs and data processing systems) and are in good condition (subject to normal wear and tear and immaterial impairments of value and damage) and serviceable condition and are generally suitable for the uses for which intended. [Need to discuss any contracts and other assets used in the business of the Company that are possessed by Xxxxxx.]

Appears in 2 contracts

Samples: Purchase Agreement, Purchase Agreement

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Availability of Assets. The assets owned owned, leased or leased licensed by the Company constitute all the assets and properties used in its in, or necessary for, the operation of the business of the Company (including, but not limited to, including all books, records, computers and computer programs and data processing systems) ), and all such assets are in good condition (subject to normal wear and tear and obsolesce) and, except for immaterial impairments amounts of value and damage) and serviceable condition and are generally suitable for the uses for which intended. [Need to discuss any contracts and other assets used or properties being repaired in the business ordinary course of the Company that are possessed by XxxxxxCompany’s business, consistent with past practice, serviceable condition, in all material respects.]

Appears in 1 contract

Samples: Unit Purchase Agreement (Roomlinx Inc)

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Availability of Assets. The assets owned owned, leased or leased licensed by the Company constitute all the assets and properties used in its in, or necessary for, the operation of the business of the Company (including, but not limited to, including all books, records, computers and computer programs and data processing systems) ), and all such assets are in good condition (subject to normal wear and tear and immaterial impairments of value and damage) and serviceable condition and are generally suitable for the uses for which intended. [Need to discuss any contracts and other assets used in the business of the Company that are possessed by Xxxxxx.]and

Appears in 1 contract

Samples: Stock Purchase Agreement (Allscripts Healthcare Solutions Inc)

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