Common use of Equipment; Leasehold Clause in Contracts

Equipment; Leasehold. (a) All items of equipment and other tangible assets owned by or leased to the Company (i) are adequate for the uses to which they are being put, (ii) are structurally sound, free of defects and deficiencies and in good condition and repair (ordinary wear and tear excepted), (iii) comply in all respects with, and are being operated and being used in compliance with all applicable Legal Requirements, and (iv) are adequate for the conduct of the Company’s business in the manner in which such business is currently being conducted and as the Company currently proposes to conduct its business.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Volcano CORP)

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Equipment; Leasehold. (a) All items of equipment and other tangible assets owned by or leased to the Company Acquired Corporations (i) are adequate for the uses to which they are being put, (ii) are structurally sound, free of defects and deficiencies and in good condition and repair (ordinary wear and tear excepted), (iii) comply in all material respects with, and are being operated and being otherwise used in substantial compliance with all applicable Legal Requirements, and (iv) are adequate for the conduct of the Company’s business Acquired Corporations' businesses in the manner in which such business is currently businesses are being conducted and as the Company currently proposes or proposed to conduct its businessbe conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Titan Corp)

Equipment; Leasehold. (a) All items of equipment and other tangible assets owned by or leased to any of the Company Acquired Corporations (i) are reasonably adequate for the uses to which they are being put, ; (ii) are structurally sound, free of defects and deficiencies and in good condition and repair (ordinary wear and tear excepted), ; (iii) comply in all material respects with, and are being operated and being otherwise used in substantial compliance with with, all applicable Legal Requirements, ; and (iv) are adequate for the conduct of the Company’s business of the Acquired Corporations in the manner in which such business is currently being conducted and as the Company currently proposes or proposed to conduct its businessbe conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Applied Micro Circuits Corp)

Equipment; Leasehold. (a) All items of equipment and other tangible assets owned by or leased to any of the Company Acquired Corporations (i) are reasonably adequate for the uses to which they are being put, (ii) are structurally sound, free of defects and deficiencies and in good condition and repair (ordinary wear and tear excepted), (iii) comply in all material respects with, and are being operated and being otherwise used in substantial compliance with all applicable Legal Requirements, and (iv) are adequate for the conduct of the Company’s 's business in the manner in which such business is currently being conducted and as the Company currently proposes or proposed to conduct its businessbe conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Titan Corp)

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Equipment; Leasehold. (a) All items of equipment and other tangible assets owned by or leased to the Company (i) are adequate for the uses to which they are being put, (ii) are structurally sound, free of material defects and deficiencies and in good condition and repair (ordinary wear and tear excepted), (iii) comply in all respects with, and are being operated and being used in compliance with all applicable Legal Requirements, and (iv) are adequate for the conduct of the Company’s business in the manner in which such business is currently being conducted and as the Company currently proposes to conduct its business.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Volcano CORP)

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