Common use of CONDITION OF PROPERTY AND RELATED MATTERS Clause in Contracts

CONDITION OF PROPERTY AND RELATED MATTERS. (a) All buildings, machinery, equipment and other tangible assets used by the Company are in fair or good operating condition and repair, reasonable wear and tear excepted, are usable in the ordinary course of business and are adequate and suitable for the uses to which they are being put. None of such items requires any repairs or replacement except for maintenance in the ordinary course of business or such other repairs or replacements which are not material, individually or in the aggregate, in nature or cost. All such assets and property are located at real property locations constituting the Leased Property, or as otherwise identified on SCHEDULE 3.12 hereto.

CONDITION OF PROPERTY AND RELATED MATTERS. (a) All buildings, machinery, equipment and other tangible assets used by the Company are in fair or good operating condition and repair, reasonable wear and tear excepted, are usable in the ordinary course of business and are adequate and suitable for the uses to which they are being put. None of such items requires any repairs or replacement except for maintenance in the ordinary course of business or such other repairs or replacements which are not material, individually or in the aggregate, in nature or cost. All such assets and property property, including excluded assets and property, are located at real property locations constituting the Leased Property, or as otherwise identified on SCHEDULE 3.12 hereto.