Common use of Condition of Properties Clause in Contracts

Condition of Properties. Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on the Company, the plants, buildings, structures and equipment owned by the Company are in good operating condition and repair and have been reasonably maintained consistent with standards generally followed in the industry (giving due account to the age and length of use of same, ordinary wear and tear excepted), are adequate and suitable for their present uses and, in the case of plants, buildings and other structures, are structurally sound.

Appears in 16 contracts

Samples: Purchase Agreement (Sandridge Energy Inc), Underwriting Agreement (SandRidge Mississippian Trust II), Underwriting Agreement (SandRidge Mississippian Trust II)

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Condition of Properties. Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on the Company, the plants, buildings, buildings and structures and equipment owned by the Company are in good operating condition and repair and have been reasonably maintained consistent with standards generally followed in the industry (giving due account to the age and length of use of same, ordinary wear and tear excepted), are adequate and suitable for their present uses and, in the case of plants, buildings and other structures, are structurally sound.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Kennedy-Wilson Holdings, Inc.), Preferred Stock Purchase Agreement (Kennedy-Wilson Holdings, Inc.)

Condition of Properties. Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on the Company, the plants, buildings, structures and equipment owned by the Company Company, and to the Company’s knowledge, Dynamic are in good operating condition and repair and have been reasonably maintained consistent with standards generally followed in the industry (giving due account to the age and length of use of same, ordinary wear and tear excepted), are adequate and suitable for their present uses and, in the case of plants, buildings and other structures, are structurally sound.

Appears in 1 contract

Samples: Purchase Agreement (Sandridge Energy Inc)

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Condition of Properties. Except as would not, individually or in the aggregate, reasonably be expected to have result in a Material Adverse Effect on the CompanyChange, the plants, buildings, structures and equipment owned by the Company Issuer and the Subsidiaries are in good operating condition and repair and have been reasonably maintained consistent with standards generally followed in the industry (giving due account to the age and length of use of same, ordinary wear and tear excepted), are adequate and suitable for their present uses and, in the case of plants, buildings and other structures, are structurally sound.

Appears in 1 contract

Samples: Purchase Agreement (Chesapeake Oilfield Operating LLC)

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