Common use of Condition of Purchased Assets Clause in Contracts

Condition of Purchased Assets. The Purchased Assets are in good repair and working condition, normal wear and tear excepted, are suited for the uses currently intended, are in conformity with all applicable laws, ordinances, rules and regulations and are in good saleable condition, normal wear and tear excepted.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Trinity Biotech PLC), Asset Purchase Agreement (Trinity Biotech PLC), Asset Purchase Agreement (Mer Telemanagement Solutions LTD)

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Condition of Purchased Assets. The Purchased Assets are in good repair and working condition, normal wear and tear excepted, are suited for the uses currently intendedtheir current uses, are in conformity with all material applicable laws, ordinances, rules and regulations and are in good saleable merchantable condition, normal wear and tear excepted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mer Telemanagement Solutions LTD)

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Condition of Purchased Assets. The Purchased Assets are in good repair and working condition, normal wear and tear excepted, are suited for the uses currently intended, and are in conformity with all applicable laws, ordinances, rules and regulations and are in good saleable condition, normal wear and tear exceptedregulations.

Appears in 1 contract

Samples: Asset Purchase Agreement (First Virtual Communications Inc)

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