Common use of Improvements, Fixtures and Equipment Clause in Contracts

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 the Company or any Selling Party 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, the cost of which would not be material, (v) sufficient for the operation of the Company as presently conducted and (vi) in conformity with all applicable regulations.

Appears in 1 contract

Samples: Asset Purchase Agreement (City Truck Holdings Inc)

AutoNDA by SimpleDocs

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 the Company or any Selling Party 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, the cost of which would not be material, (v) sufficient necessary, desirable and appropriate for the operation of the business of the Company as presently conducted and (vi) in conformity with all applicable regulations.

Appears in 1 contract

Samples: Purchase Agreement (Superior Trucks & Auto Supply Inc)

Improvements, Fixtures and Equipment. The improvements ------------------------------------ constructed on the Facilities, including, without limitation, all leasehold improvementsLeasehold Improvements, and all fixtures and equipment and other tangible assets owned, leased or used by the Company or any Selling Party 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, the cost of which would not be material, ; (v) sufficient for the operation of the Company Business as presently conducted and (vi) in conformity with all applicable regulationsRegulations.

Appears in 1 contract

Samples: Asset Purchase Agreement (Digirad Corp)

AutoNDA by SimpleDocs

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 the Company or any Selling Party Wheels and Brakes 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, the cost of which would not be material, (v) sufficient for the operation of the Company Wheels and Brakes' business as presently conducted and (vi) in conformity with all applicable regulations.

Appears in 1 contract

Samples: Stock Purchase Agreement (Specrite Brake Co)

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