Condition of Tangible Assets. Each tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder and the Company and is not outdated in comparison with the assets used for similar purposes by similar businesses.
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Samples: Merger Agreement (Paincare Holdings Inc), Merger Agreement (Orex Corp), Merger Agreement (Paincare Holdings Inc)
Condition of Tangible Assets. Each To Shareholder’s Actual Knowledge, each material tangible asset of the Company is free from material defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder and the Company and is not outdated in comparison with the assets used for similar purposes by similar businessesCompany.
Appears in 2 contracts
Samples: Merger Agreement (Paincare Holdings Inc), Merger Agreement (Paincare Holdings Inc)
Condition of Tangible Assets. Each tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder and Company and, to the Company and Knowledge of Shareholder, is not outdated in comparison with the assets used for similar purposes by similar businesses.
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Condition of Tangible Assets. Each tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder Shareholders and the Company and is not outdated in comparison with the assets used for similar purposes by similar businesses.
Appears in 1 contract
Samples: Merger Agreement (Orex Corp)
Condition of Tangible Assets. Each tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder Dr. Alo and the Company and is not outdated in comparison with the assets used for similar purposes by similar businesses.
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Condition of Tangible Assets. Each tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder Member and the Company and is not outdated in comparison with the assets used for similar purposes by similar businesses.
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Condition of Tangible Assets. Each tangible asset of the Company is and the PC are free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by Drs. Xxxxxx and Alo, the Shareholder PC and the Company and is not outdated in comparison with the assets used for similar purposes by similar businesses.
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Condition of Tangible Assets. Each material tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder and the Company and is not outdated in comparison with the assets used for similar purposes by similar businessesCompany.
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Condition of Tangible Assets. Each material tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder Shareholders and the Company and is not outdated in comparison with the assets used for similar purposes by similar businessesCompany.
Appears in 1 contract
Condition of Tangible Assets. Each material tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder Shareholders and the Company and is not outdated in comparison with the assets used for similar purposes by similar businessesCompany.
Appears in 1 contract
Condition of Tangible Assets. Each material tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder and the Company and is not outdated in comparison with the assets used for similar purposes by similar businessesCompany.
Appears in 1 contract
Condition of Tangible Assets. Each tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder Xx. Xxxxxxx and the Company and is not outdated in comparison with the assets used for similar purposes by similar businesses.
Appears in 1 contract
Condition of Tangible Assets. Each tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder and the Company and is not outdated in comparison with the assets used for similar purposes by similar businessesShareholder.
Appears in 1 contract
Condition of Tangible Assets. Each To Shareholder’s Actual Knowledge, each material tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder and the Company and is not outdated in comparison with the assets used for similar purposes by similar businessesCompany.
Appears in 1 contract
Condition of Tangible Assets. Each tangible asset of the Company is free from defects (patent and latent), 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, designed and intended for the purposes for which it presently is used by the Shareholder and the Company and is not outdated in comparison with the assets used for similar purposes by similar businessesCompany.
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