Common use of Condition of Personal Property Clause in Contracts

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.

Appears in 4 contracts

Samples: Stock Purchase Agreement (International Mercantile Corp), Stock Purchase Agreement (International Mercantile Corp), Stock Purchase Agreement (International Mercantile Corp)

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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, merchantable or in reasonable reasonably 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 To the best of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Zone 4 Play Inc), Stock Purchase Agreement (Old Goat Enterprises Inc), Stock Purchase Agreement (Zone 4 Play Inc)

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 Project are in good, merchantable, merchantable or in reasonable reasonably 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 To the best of the Seller’s knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Minerco Resources, Inc.), Asset Purchase Agreement (Minerco Resources, Inc.), Asset Purchase Agreement (Minerco Resources, Inc.)

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 Project are in good, merchantable, merchantable or in reasonable reasonably 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 To the best of the Buyer’s knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Appears in 3 contracts

Samples: Return of Asset Agreement (Minerco Resources, Inc.), Return of Asset Agreement (Minerco Resources, Inc.), Return of Asset Agreement (Minerco Resources, Inc.)

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, merchantable or in reasonable reasonably 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.

Appears in 2 contracts

Samples: Stock Purchase Definitive Agreement (Alkame Holdings, Inc.), Stock Purchase Agreement (Icoa Inc)

Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of the Company Seller or required to be used in the ordinary course of business are in good, merchantable, merchantable or in reasonable reasonably 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.. 4.22

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (Ridgewood Power Growth Fund /Nj)

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, merchantable or in reasonable reasonably 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 To the best of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Appears in 1 contract

Samples: Stock Purchase Agreement (Crawford Lake Mining Inc.)

Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of the Company Assets or required to be used in the ordinary course of Seller's business are in good, merchantable, or in reasonable repairable good condition and are suitable for the purposes for which they are being 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (National Medical Financial Services Corp)

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Condition of Personal Property. All tangible personal property, equipment, and 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, merchantable or in reasonable reasonably 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.

Appears in 1 contract

Samples: Stock Purchase Agreement (Itex Corporation)

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, merchantable or in reasonable reasonably 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 To the best of the Company’s knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.. N/A there is no personal property, equipment, fixtures, or inventory held by VPS, LLC

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Secured Financial Network, Inc.)

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 Asset are in good, merchantable, merchantable or in reasonable reasonably 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 To the best of the Seller’s knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Appears in 1 contract

Samples: Asset Purchase Agreement (Minerco, Inc.)

Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of the Company Budget Opticals or required to be used in the ordinary course of business are in good, merchantable, merchantable or in reasonable reasonably 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.

Appears in 1 contract

Samples: Agreement of Merger (Eyemakers Inc)

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, merchantable or in reasonable reasonably 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 To the best of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.. N/A there is no personal property, equipment, fixtures, or inventory held by VPS, LLC

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Haire Scott A)

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