Common use of Personal Property - Leased Clause in Contracts

Personal Property - Leased. Schedule 5.10 attached hereto contains a list of all leases or other material agreements under which A-G Tech is lessee of or holds or operates any items of machinery, equipment, motor vehicles, office furniture, computer software, fixtures or other tangible personal property owned by any third party. True, complete and correct copies (or, in the case of oral leases or agreements, descriptions) of such leases and agreements have been furnished to Xxxx. A-G Tech is the owner and holder of all of the leasehold estates purported to be granted by such leases or agreements and all other leases or agreements under which it is lessee of or holds or operates any such items owned by a third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. There is not under any of such leases any existing default or event, condition or occurrence which, with the giving of notice or lapse of time, or both, would constitute a default thereunder. Each of the items of personal property covered by leases or agreements of A-G Tech is in good operating condition and repair, is in such condition as to permit surrender thereof by A-G Tech to the lessors on the date hereof without any cost or expense for repair or restoration if such leases were terminated on the date hereof, is suitable for the uses for which intended by A-G Tech in the ordinary course of the Transferred Business and there does not exist any condition which interferes in any material way with the use or economic value thereof.

Personal Property - Leased. Schedule Schedules 5.10 and 5.11 attached hereto contains contain a list of all leases or other material agreements under which A-G Tech Seller is lessee of or holds or operates any items of machinery, equipment, motor vehicles, office furniture, computer software, fixtures or other tangible personal property owned by any third party. True, complete and correct copies (or, in the case of oral leases or agreements, descriptions) of such leases and agreements have been furnished to XxxxBuyer. A-G Tech Seller is the owner and holder of all of the leasehold estates purported to be granted by such leases or agreements and all other leases or agreements under which it is lessee of or holds or operates any such items owned by a third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. There is not under any of such leases any existing default or event, condition or occurrence which, with the giving of notice or lapse of time, or both, would constitute a default thereunder. Each of the items of personal property covered by leases or agreements of A-G Tech Seller is in good operating condition and repair, is in such condition as to permit surrender thereof by A-G Tech Seller to the lessors on the date hereof without any cost or expense for repair or restoration if such leases were terminated on the date hereof, is suitable for the uses for which intended by A-G Tech Seller in the ordinary course of the Transferred Purchased Business and there does not exist any condition which interferes in any material way with the use or economic value thereof.

Personal Property - Leased. Schedule 5.10 5.11 attached hereto contains a ------------- list of all leases or other material agreements under which A-G Tech Seller is lessee of or holds or operates any items of machinery, equipment, motor vehicles, office furniture, computer software, fixtures or other tangible personal property owned by any third party. True, complete and correct copies (or, in the case of oral leases or agreements, descriptions) of such leases and agreements have been furnished to XxxxBuyer. A-G Tech Seller is the owner and holder of all of the leasehold estates purported to be granted by such leases or agreements and all other leases or agreements under which it is lessee of or holds or operates any such items owned by a third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. There is not under any of such leases any existing default or event, condition or occurrence which, with the giving of notice or lapse of time, or both, would constitute a default thereunder. Each of the items of personal property covered by leases or agreements of A-G Tech Seller is in good operating condition and repair, is in such condition as to permit surrender thereof by A-G Tech Seller to the lessors on the date hereof without any cost or expense for repair or restoration if such leases were terminated on the date hereof, is suitable for the uses for which intended by A-G Tech Seller in the ordinary course of the Transferred Purchased Business and there does not exist any condition which interferes in any material way with the use or economic value thereof.

Personal Property - Leased. Schedule 5.10 attached hereto contains a ------------- list of all leases or other material agreements under which A-G Tech Seller is lessee of or holds or operates any items of machinery, equipment, motor vehicles, office furniture, computer software, fixtures or other tangible personal property owned by any third party. True, complete and correct copies (or, in the case of oral leases or agreements, descriptions) of such leases and agreements have been furnished to XxxxBuyer. A-G Tech Seller is the owner and holder of all of the leasehold estates purported to be granted by such leases or agreements and all other leases or agreements under which it is lessee of or holds or operates any such items owned by a third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. There is not under any of such leases any existing default or event, condition or occurrence which, with the giving of notice or lapse of time, or both, would constitute a default thereunder. Each of the items of personal property covered by leases or agreements of A-G Tech Seller is in good operating condition and repair, is in such condition as to permit surrender thereof by A-G Tech Seller to the lessors on the date hereof without any cost or expense for repair or restoration if such leases were terminated on the date hereof, is suitable for the uses for which intended by A-G Tech Seller in the ordinary course of the Transferred Purchased Business and there does not exist any condition which interferes in any material way with the use or economic value thereof.