Fixed Assets and Inventory. The Assets conveyed by this Agreement are conveyed in an "as is" condition and no warranty as to condition or fitness is made except that Seller warrants that all Installed Pay Telephones are operational (except to the extent pending, filed applications for lines have not been approved) as of Closing and that it has no knowledge of any condition or state of the Assets which would have a material adverse effect on the Assets, taken as a whole.
Fixed Assets and Inventory. Subject to these Security Principles, a Guarantor shall grant security over its material fixed assets and its material inventory but it shall be free to deal with those assets and that inventory in the course of its business until a Declared Default. No notice whether to third parties or by attaching a notice to the fixed assets or inventory shall be prepared or given until a Declared Default. If required under local law security over fixed assets or inventory will be registered subject to the general principles set out in these Security Principles.
Fixed Assets and Inventory. The Assets conveyed by this Agreement are conveyed in an "as is" condition and no warranty as to condition or fitness is made except that Seller warrants that it has no knowledge of any condition or state of the Assets which would have a material adverse effect on the Assets, taken as a whole.
Fixed Assets and Inventory. (i) In determining the net book value of the Fixed Assets and Inventory of Schlumberger as of the Closing Date for all purposes under this Agreement, the net book value of the capital expenditures made by Schlumberger that are related to the Saudi Contract but are not related to the Q Acquisition System shall be deducted (the "SAUDI NON-Q NBV"). Bakex Xxxhxx xxxll pay to Schlumberger 30% of the Saudi Non-Q NBV in cash.
Fixed Assets and Inventory. Schedule 1.1(a)(25) and Schedule 1.1(a)(33), respectively, set forth a complete and accurate list of all material Fixed Assets and all material Inventory, other than the Excluded Assets. Except as set forth on Schedule 1.1(a)(25) or Schedule l.1(a)(33), all of the Fixed Assets and Inventory are located on the Site.
Fixed Assets and Inventory. 6 2.8 Contracts........................................................ 7 2.9
Fixed Assets and Inventory. (a) The dollar amount of the fixed assets owned by Mnemonic as shown on the Interim Balance Sheet and as acquired thereafter and treated on the books of Mnemonic as an asset does not exceed the cost of same, less depreciation determined in accordance with GAAP consistently applied, and Mnemonic has not written up the value of any such fixed assets. The fixed assets and inventory of Mnemonic as of the date of the Interim Balance Sheet, include those items set forth in Schedule 2.7(a), Assets and Inventory Delivered to Xxxxxxx, hereto, and, at Closing, such fixed assets and inventory shall be in existence. The fixed assets of Mnemonic are in good working order, reasonable wear and tear excepted.
Fixed Assets and Inventory. Seller is transferring fixed assets and inventory to Buyer pursuant to Section 2.1 above. Such inventory shall include all
Fixed Assets and Inventory. (a) The dollar amount of the fixed assets owned by Welkin as shown on the Interim Balance Sheet and as acquired thereafter and treated on the books of Welkin as an asset does not exceed the cost of same, less depreciation determined in accordance with GAAP consistently applied, and Welkin has not written up the value of any such fixed assets. The fixed assets and inventory of Welkin as of the date of the Interim Balance Sheet include those items set forth in Schedule 2.7(a), Assets and Inventory, hereto, and, at Closing, such fixed assets and inventory shall be in existence, except for fixed assets and inventory sold or otherwise disposed of in the ordinary course of business. The fixed assets of Welkin are in good working order, reasonable wear and tear excepted.
Fixed Assets and Inventory. The inventory, fixed assets and other assets included in the Purchased Assets are sold “WHERE IS and AS IS”. SELLER DISCLAIMS ANY REPRESENTATION OR WARRANTY RESPECTING THE PURCHASED ASSETS, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.
