Property and Equipment. The property and equipment as shown on its most recent balance sheet are in good operating condition and state of repair, reasonable wear and tear excepted. The use of its real property conforms in all material respects with applicable ordinances, regulations, zoning, or building codes, and other applicable laws.
Appears in 2 contracts
Samples: Share Exchange Agreement (Leisure Travel Group Inc), Share Exchange Agreement (Leisure Travel Group Inc)
Property and Equipment. The property and equipment as shown on its most recent consolidated balance sheet are in good operating condition and in a state of good maintenance and repair, reasonable wear and tear excepted. The use of its real property conforms in all material respects with applicable ordinances, regulations, zoning, or building codes, and other applicable laws.
Appears in 2 contracts
Samples: Agreement and Plan of Exchange (Mega Group Inc), Share Exchange Agreement (Specialty Retail Services Inc)
Property and Equipment. The property and equipment as shown on its most recent consolidated balance sheet are in good operating condition and in a state of good maintenance and repair, reasonable wear and tear excepted. The use of its real property conforms in all material respects with applicable ordinances, regulations, zoning, or building codes, and other applicable laws.. 7 <PAGE> 8
Appears in 1 contract
Samples: Agreement and Plan of Exchange
