Common use of Condition of Real and Personal Property Clause in Contracts

Condition of Real and Personal Property. (a) All of the buildings, offices and other structures located on the Owned Real Property and Leased Real Property which, taken as a whole, are material to the conduct of the Business are structurally sound with no known material defects, are in good operating condition and repair, are adequate for the use to which they are being put, and, with respect to the Leased Real Property, are maintained in the manner and to the standard required under the applicable lease.

Appears in 1 contract

Samples: Stock Purchase Agreement (Middleby Corp)

AutoNDA by SimpleDocs

Condition of Real and Personal Property. (a) All Except as listed on Schedule 3.13, all of the buildings, offices and other structures located on the Owned Real Property and Leased Real Property which, taken as a whole, are material to the conduct of the Business are structurally sound with no known material defects, are in good operating condition and repair, are adequate for the use to which they are presently being put, and, with respect to the Leased Real Property, are maintained in the manner and to the standard required under the applicable lease.

Appears in 1 contract

Samples: Stock Purchase Agreement (Middleby Corp)

Condition of Real and Personal Property. (a) All Except as listed in Disclosure Schedule Section 3.11, all of the buildings, offices and other structures located on the Owned Real Property and Leased Real Property which, taken as a whole, which are material to the conduct of the Business are structurally sound with no known material defectsBusiness, are in good operating condition and repair, are adequate for the use to which they are being put, and, with respect to the Leased Real Property, are have been maintained in reasonable condition in the Ordinary Course in a manner and to consistent with past maintenance practices of the standard required under the applicable leaseBusiness.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Huttig Building Products Inc)

AutoNDA by SimpleDocs

Condition of Real and Personal Property. (a) All Except as listed in Disclosure Schedule Section 3.10, all of the buildings, offices and other structures located on the Owned Real Property and Leased Real Property which, taken as a whole, which are material to the conduct of the Business are structurally sound with no known material defectsBusiness, are in good operating condition and repair, are adequate for the use to which they are being put, and, with respect to the Leased Real Property, are have been maintained in reasonable condition in the Ordinary Course in a manner and to consistent with past maintenance practices of the standard required under the applicable leaseBusiness.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Huttig Building Products Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.