Common use of Equipment and Other Tangible Property Clause in Contracts

Equipment and Other Tangible Property. Each Group Company owns and has good title to, and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all material machinery, equipment and other material tangible property reflected on the books of such Group Company as owned by such Group Company, free and clear of all Liens other than Permitted Liens. All material personal property and leased personal property assets of each Group Company is, to the knowledge of such Group Company, structurally sound and in good operating condition and repair (ordinary wear and tear expected) and are suitable for their present use, in all material respects.

Appears in 3 contracts

Samples: Merger Agreement (Blue World Holdings LTD), Merger Agreement (Blue World Acquisition Corp), Merger Agreement (Blue World Holdings LTD)

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Equipment and Other Tangible Property. Each The Group Company owns Companies own and has have good title to, and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all material machinery, equipment and other material tangible property reflected on the books of such the Group Company Companies as owned by such Group Company, free and clear of all Liens other than Permitted Liens. All material personal property and leased personal property assets of each Group the Company is, to the knowledge of such Group Company, and its Subsidiaries are structurally sound and in good operating condition and repair (ordinary wear and tear expectedexcepted) and are suitable for their present use, in all material respects.

Appears in 1 contract

Samples: Business Combination Agreement (Silverbox Engaged Merger Corp I)

Equipment and Other Tangible Property. Each Except as set forth in Section 3.19 of the Company Disclosure Schedules, each Group Company owns and has good title to, and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all material machinery, equipment and other material tangible property reflected on the books of such the Group Company Companies as owned by such Group Company, free and clear of all Liens other than Permitted Liens. All material personal property and leased personal property assets of each the Group Company is, to the knowledge of such Group Company, Companies are structurally sound and in good operating condition and repair (ordinary wear and tear expectedexcepted) and are suitable for their present use, in all material respects.

Appears in 1 contract

Samples: Business Combination Agreement (Focus Impact BH3 Acquisition Co)

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Equipment and Other Tangible Property. Each A Group Company owns and has good title to, and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all material machinery, equipment and other material tangible property reflected on the books of such the Group Company Companies as owned by such a Group Company, free and clear of all Liens other than Permitted Liens. All material personal property and leased personal property assets of each the Group Company isCompanies are, to the knowledge of such Group the Company, structurally sound and in good operating condition and repair (ordinary wear and tear expected) and are suitable for their present use, in all material respects.

Appears in 1 contract

Samples: Business Combination Agreement (Worldwide Webb Acquisition Corp.)

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