Common use of Condition of System Clause in Contracts

Condition of System. All material properties, equipment and systems ------------------- of the Company are in good repair, working order and condition and are in material compliance with all standards and rules imposed (i) by any governmental agency or authority in which such properties, equipment and/or systems are located or operated and (ii) under any agreements with customers.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Cais Internet Inc), Stock Purchase Agreement (Cais Internet Inc)

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Condition of System. All material properties, equipment and systems ------------------- of the Company and the Subsidiary are in good repair, working order and condition and are in material compliance with all standards and rules imposed (i) by any governmental agency or authority in which such properties, equipment and/or systems are located or operated and (ii) under any agreements with customers.

Appears in 1 contract

Samples: Preferred Stock and Warrant Purchase Agreement (Cais Internet Inc)

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Condition of System. All material properties, equipment and ------------------- systems ------------------- of the Company are in good repair, working order and condition and are in material compliance with all standards and rules imposed (i) by any governmental agency or authority in which such properties, equipment and/or systems are located or operated and (ii) under any agreements with customers.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Cais Internet Inc)

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