Common use of Condition of Tangible Assets Clause in Contracts

Condition of Tangible Assets. All of its tangible assets have been operated in accordance with customary operating practices generally acceptable in its industry to which and have been maintained and are in good working order and repair in the ordinary course of business, subject only to reasonable and ordinary wear and tear.

Appears in 7 contracts

Samples: Merger Agreement (Nu Electric Corp), Merger Agreement (Centrex Inc), Merger Agreement (Lexon Inc/Ok)

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Condition of Tangible Assets. All of its tangible assets have been operated in accordance with customary operating practices generally acceptable in its industry to which and have been maintained and are in good working order and repair in the ordinary course of business, subject only to reasonable and ordinary wear and tear.. Sequentially numbered page 155

Appears in 1 contract

Samples: Merger Agreement (Centrex Inc)

Condition of Tangible Assets. All of its tangible assets have been operated in accordance with customary operating practices generally acceptable in its industry to which and have been maintained and are in good working order and repair in the ordinary course of business, subject only to reasonable and ordinary wear and tear.. Sequentially numbered page 154

Appears in 1 contract

Samples: Merger Agreement (Centrex Inc)

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Condition of Tangible Assets. All of its tangible assets have been operated in accordance with customary operating practices generally acceptable in its industry to which and have been maintained and are in good working order and repair in the ordinary course of business, subject only to reasonable and ordinary wear and tear.. Sequentially numbered page 153

Appears in 1 contract

Samples: Merger Agreement (Centrex Inc)

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