Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of the Company or required to be used in the ordinary course of business are in good, merchantable, or in reasonable repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. All of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.
Condition of Personal Property. The Personal Property is in good operating condition and repair, ordinary wear and tear excepted, and is adequate, suitable and sufficient to meet the needs of and to operate the Property as currently conducted.
Condition of Personal Property. The inventory, equipment, fixtures and other tangible personal property and fixtures forming a part of the Collateral are in good repair and condition. All of such Collateral is located on the Land.
Condition of Personal Property. Except as set forth on Schedule 3.9, all items of Personal Property with a fair market value greater than $10,000 individually used in the operation of the business of the Company are in satisfactory operating condition and repair (reasonable wear and tear excepted) and are suitable for the purposes for which they are currently being used.
Condition of Personal Property. Seller represents and warrants to Buyer that all of the assets described in Sections 1.1(a) and 1.1(h) are in good working condition, repair and order for the normal operations of the Radio Stations, and are in compliance with FCC and the Federal Aviation Administration requirements, and will be in such condition on the Closing Date.
Condition of Personal Property. 20 Section 4.17. Compliance with Environmental Laws....................... 21 Section 4.18. Insurance................................................ 22 Section 4.19. Litigation............................................... 22 Section 4.20. Contracts, Obligations and Commitments................... 23 Section 4.21. Employees and Employee Relations......................... 23 Section 4.22. Intangible Property...................................... 24 Section 4.23. Compliance with Law...................................... 24 Section 4.24. Hill Burton Obligations.................................. 25 Sexxxxx 0.00. Medical Staff Matters.................................... 25 Section 4.26. Brokers.................................................. 25 Section 4.27. Records.................................................. 25 Section 4.28. Existing Leases.......................................... 25 Section 4.29.
Condition of Personal Property. SCHEDULE 4.16 sets forth a list of all equipment and other items of tangible personal property used by Sherman Oaks in the operation of the Hospital and to be purchased by Xxxxxx Valley Operator (the "Personal Property"). Except as set forth on SCHEDULE 4.16, upon the closing of the transaction under the Sherman Oaks Purchase Agreement, Desert Valley Operator may grant Acxxxxxxxon Sub a first priority security interest in and to the Personal Property. SCHEDULE 4.16 sets forth an accurate and complete list of all leases of personal property used in the operation of the Hospital (the "Personal Property Leases"). The Seller Parties have made available the Purchaser Parties with complete, correct and current copies of all of the Personal Property Leases. Except as set forth on SCHEDULE 4.16: (i) the Seller Parties may, upon the closing of the transaction under the Sherman Oaks Purchase Agreement, grant a first priority security intxxxxx xn the Personal Property Leases to the Acquisition Sub, (ii) the Personal Property Leases have not been modified, amended or assigned, are legally valid, binding and enforceable in accordance with their respective terms and are in full force and effect; (iii) there are no monetary defaults and no material nonmonetary defaults by any party to the Personal Property Leases; and (iv) to the Knowledge of Seller Parties, no condition or event has occurred which with the passage of time or the giving of notice or both would constitute a default or breach by any Party of the terms of any Personal Property Lease. Except as set forth on SCHEDULE 4.16, all Personal Property is in good operating condition and repair, ordinary wear and tear excepted, and is located on the Real Property.
Condition of Personal Property. Tenant acknowledges that at the commencement of the term hereof, the premises, including the personal property referred to in Personal Property above, were clean and in good condition. (Except as noted on inventory addendum sheet).
Condition of Personal Property. The equipment and other personal property and fixtures forming a part of the Assets are, to Seller’s Knowledge, in all material respects, in good repair and condition and are adequate for the normal operation of the Assets in accordance with prudent industry standards.
Condition of Personal Property. All material tangible personal property, equipment and fixtures included within the assets of the Company or contemplated to be used in the ordinary course of business are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. All of the equipment, including equipment leased to others, is well maintained and in good operating condition, reasonable wear and tear excepted.
