Common use of Condition of Assets Clause in Contracts

Condition of Assets. Except as would not, individually or in the aggregate, have a Parent Material Adverse Effect, the assets of the Parent Group Entities have been maintained and repaired in the same manner as would a prudent operator of such assets, and are adequate for the purposes for which they are currently used.

Appears in 15 contracts

Samples: Merger Agreement (Navios Maritime Partners L.P.), Merger Agreement (Navios Maritime Containers L.P.), Merger Agreement (Navios Maritime Partners L.P.)

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Condition of Assets. Except as would notnot have and would not reasonably be expected to have, individually or in the aggregate, have a Parent Material Adverse Effect, the assets of the Parent Group Entities and its Subsidiaries have been maintained and repaired in the same manner as would a prudent operator of such assets, and are adequate for the purposes for which they are currently used.

Appears in 5 contracts

Samples: Merger Agreement (Energy Transfer Equity, L.P.), Merger Agreement (Williams Companies Inc), Merger Agreement (Energy Transfer Equity, L.P.)

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Condition of Assets. Except as would not, individually or in the aggregate, have a Parent Material Adverse EffectEffect with respect to Parent, the assets of the Parent Group Entities have been maintained and repaired in the same manner as would a prudent operator of such assets, and are adequate for the purposes for which they are currently used.

Appears in 3 contracts

Samples: Merger Agreement (Cheniere Energy Inc), Merger Agreement (Cheniere Energy Inc), Merger Agreement (Cheniere Energy Partners LP Holdings, LLC)

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