Common use of Condition of Tangible Assets Clause in Contracts

Condition of Tangible Assets. All buildings, plants, leasehold improvements, structures, facilities, equipment and other items of tangible property and assets that are owned, leased or used by the Partnership or any of its Subsidiaries are structurally sound, are in good operating condition and repair (subject to normal wear and tear given the use and age of such assets), are usable in the ordinary course of business and, to Sellers’ knowledge, conform in all material respects to all Laws and Authorizations relating to their use and operation.

Appears in 1 contract

Samples: Purchase Agreement (Penson Worldwide Inc)

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Condition of Tangible Assets. All To the Sellers’ Knowledge, all material buildings, plants, leasehold improvements, structures, facilities, equipment and other items of tangible property and assets that which are owned, leased or used by the Partnership Elitech or any of its Subsidiaries are structurally sound, are in good operating condition and repair (subject to normal wear and tear given the use and age of such assets), are usable in the regular and ordinary course of business and, to Sellers’ knowledge, and conform in all material respects to all Laws and Authorizations relating to their construction, use and operation.

Appears in 1 contract

Samples: Share Exchange Agreement (Nanogen Inc)

Condition of Tangible Assets. All buildings, plants, leasehold improvements, structures, facilities, equipment and other items of tangible property and assets that which are owned, leased or used by Seller in the Partnership or any of its Subsidiaries Business are (a) to Seller’s Knowledge, structurally sound, are sound and in good operating condition and repair (subject to normal wear and tear given the use and age of such assets), are ) and (b) usable in the ordinary course Ordinary Course of business and, to Sellers’ knowledge, Business and conform in all material respects to all Laws and Authorizations authorizations relating to their construction, use and operation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Astronics Corp)

Condition of Tangible Assets. All buildings, plants, leasehold improvements, To Seller's knowledge and belief all structures, facilities, equipment and other material items of tangible property and assets that are owned, leased Personal Property owned or used by Seller in the Partnership or any of its Subsidiaries are structurally sound, Business are in good operating condition and repair (repair, subject to normal wear and tear given the use and age of such assets)maintenance, are usable in the regular and ordinary course of business and, to Sellers’ knowledge, the Business and conform in all material respects to all Laws applicable laws, ordinances, codes, rules and Authorizations regulations relating to their construction, use and operation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Remedent Usa Inc/Az)

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Condition of Tangible Assets. All buildings, plants, leasehold improvements, structures, facilities, equipment and other items of tangible property and assets that which are owned, leased or used by Seller in the Partnership or any of its Subsidiaries Business are (a) to Seller’s Knowledge, structurally sound, are sound and in good operating condition and repair (subject to normal wear and tear given the use and age of such assets), are ) and (b) usable in the ordinary course Ordinary Course of business and, to Sellers’ knowledge, Business and conform in all material respects to all Laws and Authorizations authorizations relating to their construction, use and operation.. 2.11

Appears in 1 contract

Samples: Asset Purchase Agreement

Condition of Tangible Assets. All buildings, plants, leasehold improvements, To Seller’s knowledge and belief all structures, facilities, equipment and other material items of tangible property and assets that are owned, leased Personal Property owned or used by Seller in the Partnership or any of its Subsidiaries are structurally sound, Business are in good operating condition and repair (repair, subject to normal wear and tear given the use and age of such assets)maintenance, are usable in the regular and ordinary course of business and, to Sellers’ knowledge, the Business and conform in all material respects to all Laws applicable laws, ordinances, codes, rules and Authorizations regulations relating to their construction, use and operation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Remedent Usa Inc/Az)

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