Common use of Equipment; Leasehold Clause in Contracts

Equipment; Leasehold. (a) All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and constitute all of the material items of equipment and other tangible assets reasonably necessary for the conduct of the Company's business in the manner in which such business is currently being conducted. (b) The Company does not own any real property or any interest in real property, except for the leasehold created under the real property lease identified in Part 2.10 of the Company Disclosure Schedule.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Accrue Software Inc), Agreement and Plan of Merger and Reorganization (Accrue Software Inc)

AutoNDA by SimpleDocs

Equipment; Leasehold. (a) All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and constitute all of the material items of equipment and other tangible assets reasonably necessary are adequate for the conduct of the Company's business in the manner in which such business is currently being conducted. (b) The Company does not own any real property or any interest in real property, except for the leasehold created under the real property lease identified and whose terms are summarized in Part 2.10 2.8(b) of the Company Disclosure Schedule.

Appears in 1 contract

Samples: Merger Agreement (Mitokor)

Equipment; Leasehold. (a) All material items of equipment and other material tangible assets owned by or leased to the Company and which are currently used by the Company in its ordinary course of business are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and constitute all of the material items of equipment and other tangible assets reasonably necessary are adequate for the conduct of the Company's business in the manner in which such business is currently being conducted. (b) The Company does not own any real property or any interest in real property, except for the leasehold created under the real property lease identified in Part 2.10 of the Company Disclosure Schedule.

Appears in 1 contract

Samples: Stock Purchase Agreement (Isonics Corp)

Equipment; Leasehold. (a) All material items of equipment and other tangible assets owned by or leased to the Company Acquired Companies are adequate for the uses to which they are being put, are in good operating condition and repair (ordinary wear and tear excepted) and constitute all of the material items of equipment and other tangible assets reasonably necessary are adequate for the conduct of the Company's business of the Acquired Companies in the manner in which such business is currently being conducted. (b) The Company does Acquired Companies do not own any real property or any leasehold interest in real property, except for the leasehold created under the real property lease identified in Part 2.10 2.8(b) of the Company Disclosure Schedule.

Appears in 1 contract

Samples: Merger Agreement (Ask Jeeves Inc)

Equipment; Leasehold. (a) All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and constitute all of the material items of equipment and other tangible assets reasonably necessary are adequate for the conduct of the Company's business in the manner in which such business is currently being conducted. (b) The Company does not own any real property or any interest in real property, including without limitation any options to purchase or lease real property, except for the leasehold created under the real property lease leases identified in Part 2.10 2.6 of the Company Disclosure Schedule.

Appears in 1 contract

Samples: Merger Agreement (Invision Technologies Inc)

AutoNDA by SimpleDocs

Equipment; Leasehold. (a) All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good operating condition and repair (ordinary wear and tear excepted) and constitute all of the material items of equipment and other tangible assets reasonably necessary are adequate for the conduct of the Company's business of the Company in the manner in which such business is currently being conductedconducted and as proposed to be conducted pursuant to the Company Operating Plan. (b) The Company does not own any real property or any leasehold interest in real property, except for the leasehold created under the real property lease leases identified in Part 2.10 2.9 of the Company Disclosure Schedule.

Appears in 1 contract

Samples: Merger Agreement (Internap Network Services Corp/Wa)

Equipment; Leasehold. (a) All material items of equipment and other tangible assets owned by or leased to the Company, and used by the Company in its business, are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and constitute all of the material items of equipment and other tangible assets reasonably necessary are adequate for the conduct of the Company's business in the manner in which such business is currently being conducted. (b) The Company does not own any real property or any interest in real property, except for the leasehold created under the real property lease identified in Part 2.10 2.8(b) of the Company Disclosure Schedule.

Appears in 1 contract

Samples: Merger Agreement (Qualcomm Inc/De)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!