Improvements, Fixtures and Equipment. The improvements constructed on the Facilities, including without limitation all Leasehold Improvements, and all Fixtures and Equipment and other tangible assets owned, leased or used by Seller at the Facilities are (i) insured to the extent and in a manner customary in the industry, (ii) structurally sound with no known material defects, (iii) in good operating condition and repair, subject to ordinary wear and tear, (iv) not in need of maintenance, repair or correction except for maintenance and repair consistent with industry standards, the cost of which would not be material and except for obligations with respect to repairing damage caused by removal of fixtures upon termination of the Facility Leases as expressly set forth in the Leases, (v) sufficient for the operation of the Business as presently conducted and (vi) in conformity in all material respects with all applicable Regulations.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Bio Rad Laboratories Inc), Asset Purchase Agreement (Bio Rad Laboratories Inc)
Improvements, Fixtures and Equipment. The Facilities and all improvements constructed on the Facilities, including without limitation all Leasehold Improvements, and all Fixtures and Equipment and other tangible assets owned, leased or used by Seller at the Facilities are (i) insured to the extent and in a manner customary in the industry, (ii) structurally sound with no known material defects, (iii) in good operating condition and repair, subject to ordinary wear and tear, (iv) not in need of maintenance, repair or correction except for ordinary routine maintenance and repair consistent with industry standardsrepair, the cost of which would not be material and except for obligations with respect to repairing damage caused by removal of fixtures upon termination of the Facility Leases as expressly set forth in the Leasesmaterial, (v) sufficient for the operation of the Business as presently conducted and (vi) in conformity in all material respects with all applicable Regulations.
Appears in 1 contract
Samples: Asset Purchase Agreement (Tessera Technologies Inc)
Improvements, Fixtures and Equipment. The improvements constructed on the Facilities, including including, without limitation limitation, all Leasehold Improvementsleasehold improvements, and all Fixtures fixtures and Equipment equipment and other tangible assets owned, leased or used by Seller the Company at the Facilities are (i) insured to the extent and in a manner customary in the industry, (ii) structurally sound with no known material defects, (iii) in good operating condition and repair, subject to ordinary wear and tear, (iv) not in need of maintenance, repair or correction except for ordinary routine maintenance and repair consistent with industry standardsrepair, the cost of which would not be material and except for obligations with respect to repairing damage caused by removal of fixtures upon termination of the Facility Leases as expressly set forth in the Leasesmaterial, (v) sufficient necessary, desirable and appropriate for the operation of the Business as presently conducted and (vi) in conformity in all material respects with all applicable Regulationsregulations.
Appears in 1 contract