Common use of Condition of Personal Property Clause in Contracts

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.

Appears in 5 contracts

Samples: Purchase Agreement (Family Golf Centers Inc), Purchase Agreement (Family Golf Centers Inc), Asset Purchase Agreement (Family Golf Centers Inc)

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Condition of Personal Property. The To the best of Seller's knowledge 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.

Appears in 2 contracts

Samples: Purchase Agreement (Family Golf Centers Inc), Purchase Agreement (Family Golf Centers Inc)

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 Business and the Property as currently conducted.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Family Golf Centers Inc)

Condition of Personal Property. The To the best of Seller's knowledge, except as described on Exhibit B as "Disabled Equipment" 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.

Appears in 1 contract

Samples: Purchase Agreement (Family Golf Centers Inc)

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 Premises and the Property as currently conductedpresently conducted by Assignor.

Appears in 1 contract

Samples: Purchase Agreement (Family Golf Centers Inc)

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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 Premises and the Property as currently conducted.

Appears in 1 contract

Samples: Purchase Agreement (Family Golf Centers Inc)

Condition of Personal Property. The Personal Property is and those items of Leased Property constituting personal property are in good operating condition condition, order 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Kenan Transport Co)

Condition of Personal Property. The Personal To the best of Seller's knowledge the personal property used in connection with the 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.

Appears in 1 contract

Samples: Purchase Agreement (Family Golf Centers Inc)

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