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 which have a value, in the case of each item, of $1,000 or more are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and 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 Disclosure Schedule.

Appears in 3 contracts

Samples: Merger Agreement (Award Software International Inc), Merger Agreement (Award Software International Inc), Merger Agreement (Award Software International Inc)

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Equipment; Leasehold. (Aa) All material items of equipment and other tangible assets owned by or leased to the Company which have a value, in the case of each item, of $1,000 or more Acquired Corporations are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and 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. (Bb) The Company does not own None of the Acquired Corporations owns any real property or any interest in real property, except for the leasehold leaseholds created under the real property lease leases identified in PART Part 2.10 of the Disclosure Schedule.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cerprobe Corp)

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