Condition of Assets. All of the assets and properties of the Borrower which are reasonably necessary for the operation of its business are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
Appears in 3 contracts
Samples: Loan Agreement (Boyle Leasing Technologies Inc), Loan Agreement (A C Moore Arts & Crafts Inc), Loan Agreement (A C Moore Arts & Crafts Inc)
Condition of Assets. All of the assets and properties of the Borrower and its Subsidiaries, which are reasonably necessary for the operation of its business business, are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
Appears in 3 contracts
Samples: Credit Agreement (National Consumer Cooperative Bank /Dc/), Loan Agreement (National Consumer Cooperative Bank /Dc/), Loan Agreement (National Consumer Cooperative Bank /Dc/)
Condition of Assets. All of the assets and properties of the Borrower which and the Subsidiaries that are reasonably necessary for the operation of its business their respective businesses, are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
Appears in 2 contracts
Samples: Loan Agreement (Griffon Corp), Loan Agreement (Griffon Corp)
Condition of Assets. All of the assets and properties of the Borrower which Borrower, the Parent and the Subsidiaries, that are reasonably necessary for the operation of its business business, are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
Appears in 2 contracts
Samples: Loan Agreement (G Iii Apparel Group LTD /De/), Loan Agreement (G Iii Apparel Group LTD /De/)
Condition of Assets. All of the assets and properties of the Borrower which and its Subsidiaries, that are reasonably necessary for the operation of its business business, are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
Appears in 1 contract
Samples: Credit Agreement (Find SVP Inc)
Condition of Assets. All of the assets and properties of the Borrower which that are reasonably necessary for the operation of its business business, are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
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Condition of Assets. All of the assets and properties of each Borrower and the Borrower which Subsidiaries that are reasonably necessary for the operation of its business their respective businesses, are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
Appears in 1 contract
Samples: Loan Agreement (Griffon Corp)
Condition of Assets. (a) All of the assets and properties of the Borrower which are reasonably necessary for the operation of its business are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
(b) All of the assets and properties of the Borrower subject to a Lease are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
Appears in 1 contract
Samples: Loan Agreement (Dvi Inc)
Condition of Assets. All of the assets and properties of the Borrower and the Subsidiary, which are reasonably necessary for the operation of its business business, are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
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Condition of Assets. All of the assets and properties of the each Borrower which that are reasonably necessary for the operation of its business are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
Appears in 1 contract
Samples: Credit Agreement (National Patent Development Corp)
Condition of Assets. All of the assets and properties of the Borrower which and the Subsidiaries that are reasonably necessary for the operation of its business their respective businesses are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
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Condition of Assets. All of the material assets and material properties of the Borrower which are reasonably necessary for the operation of its business are are, in all material respects, in good working conditioncondition for such operation, ordinary wear and tear excepted, and are able to serve the function for which they are currently being used.
Appears in 1 contract
Samples: Credit Agreement (Millar Western Forest Products LTD)
Condition of Assets. All of the assets and properties of the Borrower and its Subsidiaries which are reasonably necessary for the operation of its business their respective businesses are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being usedused or for which they are intended.
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Condition of Assets. All of the assets and properties of the Borrower and its Subsidiaries which are reasonably necessary for the operation of the Borrower's and its business Subsidiaries' respective businesses are in good working condition, ordinary wear and tear excepted, and are able to serve the function for which they are currently being usedused or for which they are intended.
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