Common use of Condition of Properties Clause in Contracts

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s business.

Appears in 40 contracts

Samples: Merger Agreement, Merger Agreement (Med-X, Inc.), Merger Agreement (NewGen BioPharma Corp.)

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Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repaircondition, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s existing business.

Appears in 34 contracts

Samples: Subscription and Securities Purchase Agreement (New You, Inc.), Merger Agreement (China Grand Resorts, Inc.), Merger Agreement (Precious Investments, Inc.)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s business.

Appears in 8 contracts

Samples: Securities Exchange Agreement (City Language Exchange Inc), Merger Agreement (Agronix Inc), Merger Agreement (Windy Creek Developments, Inc.)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, repair and are adequate and sufficient for the Company’s 's business.

Appears in 7 contracts

Samples: Revolving Loan Agreement (Value America Inc /Va), Securities Purchase Agreement (Jd American Workwear Inc), Preferred Stock and Warrant Purchase Agreement (Value America Inc /Va)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company and its Subsidiaries are in reasonably good operating condition and repair, subject to ordinary wear are reasonably fit and tearusable for the purposes for which they are being used, and are adequate and sufficient for the Company’s businessCompany and its Subsidiaries respective businesses and conform in all material respects with all applicable Laws.

Appears in 7 contracts

Samples: Securities Purchase and Option Agreement (Wherify Wireless Inc), Securities Purchase Agreement (Xa, Inc.), Securities Purchase Agreement (Xa, Inc.)

Condition of Properties. All facilities, machinery, equipment, fixtures ----------------------- fixtures, vehicles and other properties owned, leased or used by the Company with fair market value in excess of $250,000 are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s 's business.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Titus Interactive S A), Stock Purchase Agreement (Fargo Brian), Stock Purchase Agreement (Titus Interactive S A)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s 's business.

Appears in 5 contracts

Samples: Merger Agreement (JUVA LIFE INC./Canada), Merger Agreement (Edgemont Resources Corp), Merger Agreement (Handheld Entertainment, Inc.)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s 's business.

Appears in 5 contracts

Samples: Merger Agreement (Chubasco Resources Corp.), Merger Agreement (Northern Way Resources, Inc.), Merger Agreement (Darwin Resources Corp.)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear are reasonably fit and tearusable for the purposes for which they are being used, and are adequate and sufficient for the Company’s businessbusiness and conform in all material respects with all applicable Laws.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Idleaire Technologies Corp), Securities Purchase Agreement (Idleaire Technologies Corp), Securities Purchase Agreement (Idleaire Technologies Corp)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company are suitable for their intended use and in reasonably good operating condition and repair, subject to ordinary normal wear and tear, and are adequate and sufficient for the Company’s businesstear excepted.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Coolsavings Com Inc), Securities Purchase Agreement (Coolsavings Com Inc), Securities Purchase Agreement (Golden Steven M)

Condition of Properties. All facilities, machinery, ----------------------- equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company with fair market value in excess of $250,000 are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s 's business.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Fargo Brian), Stock Purchase Agreement (Interplay Entertainment Corp), Stock Purchase Agreement (Titus Interactive S A)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repaircondition, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s 's existing business.

Appears in 3 contracts

Samples: Merger Agreement (Alkame Holdings, Inc.), Merger Agreement (Common Horizons Inc), Merger Agreement (Becoming Art Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s businessbusiness as presently conducted.

Appears in 3 contracts

Samples: Merger Agreement (Spatializer Audio Laboratories Inc), Merger Agreement (Odyne Corp), Merger Agreement (Convention All Holdings Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company and its Subsidiaries are in reasonably good operating condition and repair, subject to ordinary wear are reasonably fit and tearusable for the purposes for which they are being used, and are adequate and sufficient for the Company’s business's or such Subsidiary's business and conform in all material respects with all applicable ordinances, regulations and laws.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Micro Investment LLC), Securities Purchase Agreement (Micro Therapeutics Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company and each Subsidiary are in reasonably good operating condition and repair, subject to ordinary wear and teartear excepted, are reasonably fit and usable for the purposes for which they are being used, are adequate and sufficient for the Company’s business's and each Subsidiary's businesses and conform in all material respects with all applicable ordinances, regulations and laws.

Appears in 2 contracts

Samples: Series a Preferred Stock and Warrant Purchase Agreement (Telantis Venture Partners v Inc), Series a Preferred Stock and Warrant Purchase Agreement (Visalia Trust)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company Purchaser are in reasonably good operating condition and repaircondition, subject to ordinary wear and tear, and are adequate and sufficient for the CompanyPurchaser’s existing business.

Appears in 2 contracts

Samples: Share Exchange Agreement (Diamond Information Institute), Share Exchange Agreement (Alba Mineral Exploration)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s 's business.

Appears in 2 contracts

Samples: Merger Agreement (Refocus Group Inc), Merger Agreement (CCP Worldwide Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject are reasonably fit and usable for the purposes for which they are being used and are presently contemplated to ordinary wear and tearbe used, and are adequate and sufficient for the Company’s businessbusiness as now conducted and as presently contemplated to be conducted.

Appears in 2 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement

Condition of Properties. All facilities, machinery, equipmentequipment fixtures, fixtures vehicles and other properties tangible property owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s business.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Viasat Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company (i) are in reasonably good operating condition and repair, subject to ordinary repair (reasonable wear and tear, tear excepted): (ii) are reasonably fit and usable for the purposes for which they are being used; (iii) are adequate and sufficient for the Company’s business; and (iv) conform in all material respects with all applicable Laws.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pacific Cma Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties properties, if any, owned, leased or used by the Company are in reasonably good operating condition and repaircondition, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s existing business.

Appears in 1 contract

Samples: Merger Agreement (New York Global Innovations Inc.)

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Condition of Properties. All facilities, machinery, office equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s businessbusiness as presently conducted.

Appears in 1 contract

Samples: Merger Agreement (Bacterin International Holdings, Inc.)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company and its Subsidiaries are in reasonably good operating condition and repair, subject to ordinary repair (reasonable wear and teartear excepted), are reasonably fit and usable for the purposes for which they are being used, are adequate and sufficient for the Company’s businessCompany and its Subsidiaries’ respective businesses and conform in all material respects with all applicable Laws.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Wako Logistics Group Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and teartear excepted, and are adequate and sufficient for the Company’s business.

Appears in 1 contract

Samples: Merger Agreement (InfoLogix Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company and its subsidiaries are in reasonably good operating condition and repaircondition, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s 's existing business.

Appears in 1 contract

Samples: Merger Agreement (Technology Holdings, Inc.)

Condition of Properties. All facilities, machinery, equipment, fixtures ----------------------- fixtures, vehicles and other properties owned, leased or used by the Company and its subsidiaries are in reasonably good operating condition and repair, subject to ordinary wear are reasonably fit and tearusable for the purposes for which they are being used, and are adequate and sufficient for the Company’s businessbusiness of the Company and its subsidiaries and conform in all material respects with all applicable Laws.

Appears in 1 contract

Samples: Securities Purchase Agreement (Broadview Networks Holdings Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company and the Company Subsidiaries are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s businessbusiness of the Company and the Company Subsidiaries.

Appears in 1 contract

Samples: Merger Agreement (U.S. Gold Corp.)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear are reasonably fit and tearusable for the purposes for which they are being used, and are adequate and sufficient for the Company’s business's business and conform in all material respects with all applicable Laws.

Appears in 1 contract

Samples: Securities Purchase and Stockholder Agreement (Advanced Switching Communications Inc)

Condition of Properties. All buildings, facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company or any of it subsidiaries (a) are in reasonably good operating condition and repair, subject to ordinary repair (reasonable wear and tear, tear excepted) and are adequate and sufficient for (b) to the Company’s business's knowledge, are being operated in conformity with all applicable building, safety, zoning, environmental, waste and other applicable ordinances, laws and regulations.

Appears in 1 contract

Samples: Stock Purchase Agreement (Big Entertainment Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear are reasonably fit and tearusable for the purposes for which they are being used, and are adequate and sufficient for the Company’s businessbusiness and conform in all material respects with all applicable ordinances, regulations and laws.

Appears in 1 contract

Samples: Reclassification and Sale of Shares Agreement (Ulta Salon, Cosmetics & Fragrance, Inc.)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company Companies are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the conduct of the Companies’ business. All of such properties are in compliance with all applicable laws and regulations and, to the Company’s businessbest knowledge, there is no fact or circumstance which would give rise to any material violation of any of such laws or regulations.

Appears in 1 contract

Samples: Share Exchange Agreement (RTG Ventures Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, leased or used by the Company and its Subsidiaries are in reasonably good operating condition and repair, subject to ordinary wear and tear, repair and are adequate and sufficient for the Company’s businesstheir businesses.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Collagenex Pharmaceuticals Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures fixtures, vehicles and other properties owned, owned or leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary (reasonable wear and teartear excepted), and are reasonably adequate and sufficient for the Company’s businessCompany business as it is currently conducted.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Wako Logistics Group Inc)

Condition of Properties. All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s business.

Appears in 1 contract

Samples: Securities Exchange Agreement (Sustainable Projects Group Inc.)

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