Common use of Condition and Sufficiency of Assets Clause in Contracts

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 13 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement, Stock Purchase Agreement

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Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' businesses Company's business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 7 contracts

Samples: Merger Agreement (Office Centre Corp), Agreement and Plan of Reorganization and Merger (Intermagnetics General Corp), Agreement and Plan of Merger (Intermagnetics General Corp)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 5 contracts

Samples: Stock Purchase Agreement (BOQI International Medical, Inc.), Stock Purchase Agreement (NF Energy Saving Corp), Amended and Restated Stock Purchase Agreement (Genesis Solar Corp)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the each Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the each Acquired Companies Company are sufficient for the continued conduct of the each Acquired Companies' Company’s businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 4 contracts

Samples: Stock Purchase Agreement (China Liberal Education Holdings LTD), Stock Purchase Agreement (BIMI International Medical Inc.), Stock Purchase Agreement (BIMI International Medical Inc.)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Allis Chalmers Corp), Non Competition Agreement (Allis Chalmers Corp), Stock Purchase Agreement (Allis Chalmers Corp)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Integrated Orthopedics Inc), Stock Purchase Agreement (Integrated Orthopedics Inc), Stock Purchase Agreement (Integrated Orthopedics Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of owned or leased by the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plantsbuildings, structures, and equipment of owned or leased by the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Enterprise Financial Services Corp), Agreement and Plan of Merger (Enterprise Financial Services Corp)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repairrepair (subject to normal wear and tear), and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' businesses Company's business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Nationsrent Inc), Stock Purchase Agreement (Nationsrent Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material Material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Foster L B Co), Stock Purchase Agreement (Foster L B Co)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company and its Subsidiaries are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The Except as set forth in Schedule 3.7, the building, plants, structures, structures and equipment of the Acquired Companies Company and its Subsidiaries are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 2 contracts

Samples: Share Purchase Agreement (Quicklogic Corporation), Share Purchase Agreement (Alliance Semiconductor Corp /De/)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company, if any, are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' businesses Company's business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Share Purchase Agreement (Global Gold Corp)

Condition and Sufficiency of Assets. The To the knowledge of Sellers, the buildings, plants, structuresvehicles, and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, vehicles or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The buildingTo the knowledge of Sellers and the Acquired Companies, plantsthe buildings, structures, vehicles and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ogara Co /Oh/)

Condition and Sufficiency of Assets. The buildingsFacilities, plants, structures, building operating systems and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildingsFacilities, plants, structures, building operating systems or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The buildingFacilities, plants, structures, building operating systems and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (United Grocers Inc /Or/)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repairrepair (subject to normal wear and tear), and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company’s businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Verilink Corp)

Condition and Sufficiency of Assets. The To the Knowledge of the Company and the Principal Seller, the buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired CompaniesCompany' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Barnabus Energy, Inc.)

Condition and Sufficiency of Assets. The To the Knowledge of the Company the buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Share Exchange Agreement (Isecuretrac Corp)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of owned by the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of owned by the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (NHP Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and, to the best Knowledge of Sellers and the Acquired Companies, none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Credit Agreement (Maverick Tube Corporation)

Condition and Sufficiency of Assets. The buildings, plants, structures, structures and equipment of owned, leased or used by the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being putput and for the operation of the Company's business as currently conducted, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Guitar Center Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of owned or leased by the Acquired Companies Company are structurally sound, are in good operating condition and repair, repair (normal wear and tear excepted) and are adequate for the uses to which they are being put, have been maintained in the ordinary course and none of such buildings, plants, structures, or equipment is are not in need of maintenance or repairs except for ordinaryextraordinary repairs. In Seller's judgment, routine maintenance and repairs that are not material in nature or cost. The the building, plants, structures, and equipment of owned or leased by the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Transit Group Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repairrepair in all material respects, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' businesses Company's business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lifecodes Corporation)

Condition and Sufficiency of Assets. The Except as set forth in Part 3.7 of the Disclosure Letter, the buildings, plants, structures, equipment and equipment machinery of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, equipment or equipment machinery is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, equipment and equipment machinery of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (James River Coal CO)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of owned or leased by the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of material maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of owned or leased by the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (General Parcel Service Inc)

Condition and Sufficiency of Assets. The buildings, plants, ----------------------------------- structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired CompaniesCompany' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Infocure Corp)

Condition and Sufficiency of Assets. The To the Knowledge of the Sellers, the buildings, plants, structures, and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (WMF Group LTD)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of owned and leased by the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs repairs, except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of equipment, owned and leased by the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Speizman Industries Inc)

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Condition and Sufficiency of Assets. The To the knowledge of Sellers and the Company, the buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' businesses Company’s Business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Technology Research Corp)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company’ businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Option Agreement (Cogenco International Inc)

Condition and Sufficiency of Assets. The buildings, To the Seller’s Knowledge the plants, structures, structures and equipment of the Acquired Companies are is structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or structures and equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Allis Chalmers Energy Inc.)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Integrated Communication Networks Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of owned or leased by the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of owned or leased by the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' businesses Company's business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Urecoats Industries Inc)

Condition and Sufficiency of Assets. The To the Knowledge of Sellers, the buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The To the Knowledge of Sellers, the building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Morton Industrial Group Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and ----------------------------------- equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Polyphase Corp)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of owned or leased by the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of owned or leased by the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Agreement and Plan Of (Transit Group Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies ITS Subsidiaries are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies ITS Subsidiaries are sufficient for the continued conduct of the Acquired Companies' businesses of the ITS Subsidiaries after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Offshore Tool & Energy Corp

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repairrepair (reasonable wear and tear excepted), and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or and equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The buildingbuildings, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Allis Chalmers Energy Inc.)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or costcost to the Acquired Companies, taken as a whole. The building, plants, structures, structures and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Acquisition Agreement (Rosebud Holding LLC)

Condition and Sufficiency of Assets. The To the Knowledge of Seller, the buildings, plants, structures, and equipment of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' Company's businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Simclar Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' their businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Share Exchange Agreement (Nebo Products Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, equipment and equipment other property of the Acquired Companies Company are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or costwould be expected of buildings, plants, structures and equipment of the age of the Company’s property, as applicable. The building, plants, structures, equipment and equipment other property of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' businesses Business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Membership Interests Purchase Agreement (Cal Maine Foods Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and material pieces of equipment of the Acquired Companies Company are structurally sound, are generally in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies Company are sufficient for the continued conduct of the Acquired Companies' businesses Company's business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aquagenix Inc/De)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses immediately after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Quiksilver Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Companies are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, or equipment of is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The building, plants, structures, and equipment of the Acquired Companies are sufficient for the continued conduct of the Acquired Companies' businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (BOQI International Medical, Inc.)

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