Common use of Condition of Purchased Assets Clause in Contracts

Condition of Purchased Assets. All of the tangible property included in the Purchased Assets is in good operating condition and repair, ordinary wear and tear excepted, and in the state of maintenance, repair and operating condition required for the proper operation and use thereof in the ordinary and usual course of business by Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Tangoe Inc), Asset Purchase Agreement (Open Solutions Inc)

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Condition of Purchased Assets. All of The Purchased Assets are suited for the tangible property uses intended, and are in conformity with all applicable laws, ordinances, rules and regulations. Equipment included in the Purchased Assets is in good operating condition and repairworking order, ordinary normal wear and tear excepted, and in the state of maintenance, repair and operating condition required for the proper operation and use thereof in the ordinary and usual course of business by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Young Innovations Inc)

Condition of Purchased Assets. All of the tangible personal property included in the Purchased Assets which is material to the conduct of the Business is in good operating condition and repair, ordinary wear and tear excepted, and in the state of maintenance, repair and operating condition required for the proper operation and use thereof in the ordinary and usual course of business by SellerSellers.

Appears in 1 contract

Samples: Assignment and Assumption of Lease Agreement (Tangoe Inc)

Condition of Purchased Assets. All of the tangible property included in the Purchased Assets is in good operating condition and repair, ordinary wear and tear excepted, and in the state of maintenance, repair and operating condition required for the proper operation and use thereof in the ordinary and usual course of business by each Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tangoe Inc)

Condition of Purchased Assets. All of the tangible property included in the Purchased Assets is in good operating condition and repair, ordinary wear and tear excepted, and in the state of maintenance, repair and operating condition required for the proper operation and use thereof in the ordinary and usual course of business by Sellerbusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Open Solutions Inc)

Condition of Purchased Assets. All of the machinery, tools, equipment and other tangible personal property included in the Purchased Assets is are in good operating condition and repair, ordinary wear repair in all material respects and tear excepted, and in the state of maintenance, repair and operating condition required for the proper operation and use thereof are usable in the ordinary and usual course of business by Sellerthe Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Universal Power Group Inc.)

Condition of Purchased Assets. All of the tangible property included in the Purchased Assets is Assets, whether real or personal, owned or leased, are in good operating condition and repair, ordinary repair (with the exception of normal wear and tear excepted, and in the state of maintenance, repair and operating condition required for the proper operation and use thereof in the ordinary and usual course of business by Sellertear).

Appears in 1 contract

Samples: Asset Purchase Agreement (Abovenet Communications Inc)

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Condition of Purchased Assets. All of the tangible personal property included in the Purchased Assets is are in reasonably good operating condition and repair, ordinary wear and tear excepted, and in the state of maintenance, repair and operating condition required for the proper operation and use thereof in the ordinary and usual course of business by Sellerthe Selling Parties.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tangoe Inc)

Condition of Purchased Assets. All of The Purchased Assets, other than the tangible property included in the Purchased Assets is Real Property, are in good operating condition and repair, ordinary subject to normal wear and tear exceptedtear, are owned and are being used, maintained, and operated, in the state of maintenanceall material respects, repair in compliance with Laws and operating condition required are adequate for the proper operation and use thereof in the ordinary and usual course of business by Selleruses to which they are being put.

Appears in 1 contract

Samples: Asset Purchase Agreement (M.D.C. Holdings, Inc.)

Condition of Purchased Assets. All As of the Closing, all of the tangible property included in the Purchased Assets is in good operating condition and repair, ordinary wear and tear excepted, and in the state of maintenance, repair and operating condition required for the proper operation and use thereof immediately prior to Closing in the ordinary and usual course of business by SellerSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Open Solutions Inc)

Condition of Purchased Assets. All of the tangible property included in the Purchased Assets is are in good operating condition and repair, ordinary wear and tear excepted, and in the state of maintenance, maintenance repair and operating condition required for the proper operation and use thereof in the ordinary and usual course of business by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Butterwings Entertainment Group Inc)

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