Condition of Tangible Personal Property. Except as set forth on the Seller's Disclosure Schedule, each item of the Company's tangible personal property reasonably required for the continued operation of the Company's Business on a basis consistent with the past practices of the Company's Business immediately prior to the Closing is in good operating condition or repair adequate for its present use, reasonable wear and tear and routine or scheduled maintenance excepted.
Appears in 3 contracts
Samples: Acquisition Agreement (Sunset Brands Inc), Acquisition Agreement (Sunset Brands Inc), Acquisition Agreement (Ibf Vi Guaranteed Income Fund)
Condition of Tangible Personal Property. Except as set forth on in Schedule 3.14 to the Seller's Disclosure Schedule, each item of the CompanySeller's and the Subsidiaries' material tangible personal property reasonably required for the continued operation of the CompanySeller's Business on a basis consistent with the past practices of the CompanySeller's Business immediately prior to the Closing is is, taken as a whole, in good operating condition or and repair adequate for its present use, reasonable wear and tear and routine or scheduled maintenance excepted.
Appears in 1 contract
Samples: Asset Purchase Agreement (National Investment Managers Inc.)
Condition of Tangible Personal Property. Except as set forth on the Seller's ’s Disclosure Schedule, each item of the Company's ’s tangible personal property included in the Purchased Assets and reasonably required for the continued operation of the Company's Business on a basis consistent with the past practices of the Company's Business immediately prior to the Closing is in good operating condition or repair adequate for its present use, reasonable wear and tear and routine or scheduled maintenance excepted.
Appears in 1 contract
Samples: Asset Purchase Agreement (Ibf Vi Guaranteed Income Fund)
