Common use of Condition and Sufficiency of Assets Clause in Contracts

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the 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 Company are sufficient for the continued conduct of the Company’ businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 4 contracts

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

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Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the 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 Company are sufficient for the continued conduct of the 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 (China Liberal Education Holdings LTD), Stock Purchase Agreement (Allis Chalmers Energy Inc.)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the 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 expected by the Company to be material in nature or cost. The building, plants, structures, and equipment of the Company are sufficient for the continued conduct of the 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 (Integrated Packaging Assembly Corp), Stock Purchase Agreement (Orient Semiconductor Electronics LTD)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the 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 Company are sufficient for the continued conduct of the Company’ businesses ’s business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Sonic Innovations Inc), Merger Agreement (Rf Monolithics Inc /De/)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the 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 Company are sufficient for the continued conduct of the Company’ Surviving Corporation’s businesses after the Closing in substantially the same manner as conducted by the Company prior to the Closing.

Appears in 2 contracts

Samples: Merger Agreement (RedRoller Holdings, Inc.), Merger Agreement (RedRoller Holdings, Inc.)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the 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 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 Company are sufficient for the continued conduct of the Company’ businesses ’s business 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.)

Condition and Sufficiency of Assets. The In all material respects, the buildings, plants, structures, and equipment of the 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 Company are sufficient for the continued conduct of the 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 (Morrison Health Care Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the 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 Company are sufficient for the continued conduct of the Company’ businesses business of Company after the Closing in substantially the same manner as conducted prior to the ClosingClosing and as proposed to be conducted.

Appears in 1 contract

Samples: Unit Purchase Agreement (Caladrius Biosciences, Inc.)

Condition and Sufficiency of Assets. The buildings, plantsfacilities, structures, and equipment of and used by the 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, plantsfacilities, 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, plantsfacilities, structures, and equipment of the Company are sufficient for the continued conduct of the Company’ businesses Business of the Surviving Corporation after the Closing in substantially the same manner as conducted by the Company prior to the Closing.

Appears in 1 contract

Samples: Merger Agreement (Southwest Water Co)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Acquired Company are structurally sound, are in good operating condition and repaircondition, 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 Company are sufficient for the continued conduct of the Acquired Company's businesses 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)

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Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Company are structurally sound, are in good operating condition and repair, 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 costrepairs. The building, plants, structures, structures and equipment of the Company are sufficient for the continued conduct of the Company’ businesses 's business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Merger Agreement (Scores Holding Co Inc)

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

Appears in 1 contract

Samples: Merger Agreement (Imco Recycling Inc)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the 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 costconsistent with the Company's Ordinary Course of Business. The building, plants, structures, and equipment of the Company are sufficient for the continued conduct of the Company’ businesses Company business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Merger Agreement (Unit Corp)

Condition and Sufficiency of Assets. The buildings, plants, structures, and equipment of the Company 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 Company Companies are sufficient for the continued conduct of the CompanyCompanies’ businesses after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Redhawk Energy Corp)

Condition and Sufficiency of Assets. The buildings, plantsfurniture, computers, structures, fixtures and equipment of the 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 assets is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The buildingbuildings, plantsfurniture, computers, structures, fixtures and equipment of the Company are sufficient for the continued conduct of the Company’ businesses ’s business after the Closing in substantially the same manner as conducted prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Speedemissions Inc)

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