Common use of Property and Equipment Clause in Contracts

Property and Equipment. (a) Section 3.9 of the Disclosure Schedule lists the fixed assets, including equipment, used in the conduct of the Business as conducted (during the prior twelve months) which are owned by Company and those which are leased by Company ("Leased Property"). Section 3.9 of the Disclosure Schedule contains a correct and complete copy of the agreements for the lease of fixed assets not owned by Company. The fixed assets and the Leased Property are generally in good operating condition and repair, reasonable wear and tear excepted. (b) Company is not in default in the payments due under the leases of the Leased Property or any other obligation which would give the lessor the right to terminate the lease for such Leased Property. (c) Since March 31, 1996, Company has not sold or otherwise disposed of any fixed assets, other than in the ordinary course of business.

Property and Equipment. (a) Section 3.9 of the Disclosure Schedule lists the fixed assets, including equipment, used in the conduct Business of the Business Company as currently conducted (during the prior twelve months) which are owned by Company and those which are leased by the Company ("Leased Property"). Section 3.9 of the Disclosure Schedule contains a correct and complete copy of the agreements for the lease of fixed assets not owned by CompanyLeased Property. The fixed assets owned by the Company and the Leased Property are generally in good operating condition and repair, reasonable wear and tear exceptedexcepted and constitute all of the fixed assets used in the Business. (b) Company is not in default in the payments due under the leases of the Leased Property or any other obligation which would give the lessor the right to terminate the lease for such the Leased Property. (c) Since March December 31, 1996, Company has not sold or otherwise disposed of any fixed assets, other than assets except as set forth in Section 3.9 of the ordinary course of businessDisclosure Schedule.

Property and Equipment. (a) Section 3.9 of the Disclosure Schedule lists the fixed assets, including equipment, used in the conduct of the Business as currently conducted (during the prior twelve months) which are owned by Company and those which are leased by Company ("Leased Property"). Section 3.9 of the Disclosure Schedule contains a correct and complete copy of the agreements for the lease of fixed assets not owned by CompanyLeased Property. The fixed assets owned by the Company and the Leased Property are generally in good operating condition and repair, reasonable wear and tear exceptedexcepted and constitute all of the fixed assets used in the Business. (b) Company is not in default in the payments due under the leases of the Leased Property or any other obligation which would give the lessor the right to terminate the lease for such Leased Property. (c) Since March December 31, 1996, Company has not sold or otherwise disposed of any fixed assets, other than in the ordinary course of business.