Common use of Condition of Purchased Assets Clause in Contracts

Condition of Purchased Assets. The Purchased Assets constitute all of the assets, tangible and intangible, necessary for operation of the Business in the manner presently operated by Seller and necessary for operation of the Business in a substantially similar manner immediately following the Closing. Each Purchased Asset has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Condition of Purchased Assets. The Purchased Assets constitute all are currently being used to carry on the Business as currently conducted and are in good condition and repair, ordinary wear and tear excepted. The operation and the use of the assetsPurchased Assets are in conformance with all applicable Requirements of Law, tangible Orders and intangible, necessary for operation of the Business in the manner presently operated by Seller and necessary for operation of the Business in a substantially similar manner immediately following the Closing. Each Purchased Asset has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is usedPermits.

Condition of Purchased Assets. The Purchased Assets constitute all of the assets, tangible and intangible, necessary for operation of which are regularly used to carry on the Business as currently conducted are in the manner presently operated by Seller and necessary for operation of the Business in a substantially similar manner immediately following the Closing. Each Purchased Asset has been maintained in accordance with normal industry practice, is in good fair operating condition and repair (subject to normal repair, ordinary wear and tear)tear excepted. To the best of Seller’s knowledge, the operation and is suitable for the purposes for which it presently is useduse of the Purchased Assets are in conformance with all applicable Requirements of Law, Orders and Permits.

Condition of Purchased Assets. The Purchased Assets constitute all are currently being used to carry on the Business as currently conducted and are in good condition and repair, ordinary wear and tear and obsolescence excepted. The operation and the use of the assetsPurchased Assets are in conformance with all applicable Requirements of Law, tangible Orders and intangiblePermits, necessary for operation of except where failure to do so would not have a Material Adverse Effect on the Business in Purchased Assets or the manner presently operated by Seller and necessary for operation of the Business in a substantially similar manner immediately following the Closing. Each Purchased Asset has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is usedBusinesses.