Condition of Tangible Property. All tangible personal property of Vitran and each Vitran Subsidiary is in generally good repair and is operational and usable in the manner in which it is currently being utilized, subject to normal wear and tear and technical obsolescence, repair or replacement, except for such property whose failure to be in such condition does not have a Material Adverse Effect.
Condition of Tangible Property. Except as set forth in the Disclosure Letter, all real and personal property, equipment and other tangible property included in the Assets is in good repair and operating condition (normal wear and tear excepted).
Condition of Tangible Property. Except as set forth on Part 11(b) of the Schedule, to the Indemnitors' knowledge, with the exception of inventory, all tangible properties owned or used by the Corporation and Subsidiaries, including, without limitation, all buildings, offices, theaters and other structures owned or occupied by the Corporation and Subsidiaries and all machinery, equipment, tools, fixtures and motor vehicles owned or used by them, are in good operating condition, reasonable wear and tear excepted, reasonably suitable for the purposes for which they are being utilized, and sufficient for all current operations of the Corporation and the Subsidiaries.
Condition of Tangible Property. Each asset or piece of tangible property comprising the Contributed Assets (a) is in good repair and good operating condition, ordinary wear and tear excepted, (b) is suitable for immediate use in the ordinary course of business, (c) is free from apparent defects, and (d) is not in need of repair or replacement other than as part of routine maintenance in the ordinary course of business.
Condition of Tangible Property. Except as would not be Material to the Company or the Business, the Tangible Property is (a) in operating condition and repair and free from Material defects (ordinary wear and tear excepted), and (b) adequate for the uses to which the Tangible Property is being used at Closing. None of the Tangible Property is in need of maintenance or repairs except for ordinary, routine maintenance and repairs or repairs that would not be Material to the Company or the Business. Prior to Closing, the Seller and/or the Company completed all ordinary, routine maintenance and repairs in accordance with the Company’s historical maintenance schedule. The Tangible Property is sufficient for the continued conduct of the Business after the Closing in substantially the same manner as conducted by the Company prior to the Closing.
Condition of Tangible Property. Each of the Acquired Assets is in good operating condition and repair, normal wear and tear excepted.
Condition of Tangible Property. The equipment, and other tangible property of DIEGOTEL are, to the best of WALLXXX'X xxxwledge, in good condition and repair, and are adequate for the uses to which such property is put in the conduct of the BUSINESS. WALLXXX xxx no knowledge of any defects in any of such tangible property.
Condition of Tangible Property. To Sellers’ Knowledge, (a) the Tangible Property is in operating condition and repair, is free from material defects and is adequate for the uses to which the Tangible Property is being used at Closing, ordinary wear and tear excepted, and (b) none of the Tangible Property is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that would not result in a Material Adverse Effect. The Tangible Property is sufficient for the continued conduct of the Business after the Closing in substantially the same manner as conducted by the Company prior to the Closing. STOCK PURCHASE AGREEMENT 10 ELDS01 272111v16
Condition of Tangible Property. The Personal Property is in ------------------------------ -- good condition and repair, ordinary wear and tear excepted, and is in material compliance with all applicable laws and regulations.
Condition of Tangible Property. With the exception of the inventory, all tangible properties owned or used by the Company and Subsidiaries, including, without limitation, all buildings, offices, shops and other structures owned or occupied by the Company and Subsidiaries and all machinery, equipment, tools, fixtures and motor vehicles owned or used by them are in good operating condition and repair, fit and usable for the purposes for which they are being utilized, and sufficient for all current operations of the Company and the Subsidiaries.
