Real Property; Equipment; Leasehold. All material items of equipment and other tangible assets owned by or leased to the Acquired Corporations are in good and safe condition and repair (ordinary wear and tear excepted) and, to the best knowledge of the Company, are adequate for the conduct of the business of the Acquired Corporations in the manner in which such business is currently being conducted and is presently proposed by the Company to be conducted. None of the Acquired Corporations owns any real property or any interest in any real property, except for (a) the leaseholds created under the real property leases identified in Part 2.8(a) of the Company Disclosure Schedule and (b) the land described in Part 2.8(b) of the Company Disclosure Schedule to which the Company has good and marketable fee title and which is owned by the Company free and clear of any Encumbrances, except for the Encumbrances identified in Part 2.8(b) of the Company Disclosure Schedule.
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Samples: Merger Agreement (Ixys Corp /De/), Merger Agreement (Clare Inc)
Real Property; Equipment; Leasehold. All material items of equipment and other tangible assets owned by or leased to the Acquired Corporations are adequate for the uses to which they are being put, are in good and safe condition and repair working order (ordinary wear and tear excepted) and, to the best knowledge of the Company, and are adequate for the conduct of the business of the Acquired Corporations in the manner in which such business is currently being conducted and is presently proposed by the Company to be conducted. None of the Acquired Corporations owns own any real property or any interest in any real property, except for for: (ai) the leaseholds created under the real property leases identified in Part 2.8(a3.8(a)(i) of the Company Disclosure Schedule Schedule; and (bii) the land described in Part 2.8(b3.8(a)(ii) of the Company Disclosure Schedule to which the Company has good and marketable fee title and which is owned by the Company free and clear of any Encumbrances, except for the Encumbrances identified in Part 2.8(b3.8(ii) of the Company Disclosure Schedule.
Appears in 2 contracts
Samples: Merger Agreement (Cubic Corp /De/), Merger Agreement (Ecc International Corp)
Real Property; Equipment; Leasehold. All material items of equipment and other tangible assets owned by or leased to the Acquired Corporations are adequate for the uses to which they are being put, are in good and safe condition and repair (ordinary wear and tear excepted) and, to the best knowledge of the Company, and are adequate for the conduct of the business of the Acquired Corporations in the manner in which such business is currently being conducted and is presently proposed by the Company to be conducted. None of the Acquired Corporations owns own any real property or any interest in any real property, except for for: (ai) the leaseholds created under the real property leases identified in Part 2.8(a2.8(a)(i) of the Company Disclosure Schedule Schedule; and (bii) the land described in Part 2.8(b2.8(a)(ii) of the Company Disclosure Schedule to which the Company has good and marketable fee title and which is owned by the Company free and clear of any Encumbrances, except for the Encumbrances identified in Part 2.8(b2.8(ii) of the Company Disclosure Schedule.. 2.9
Appears in 1 contract
Samples: Arrangement Agreement
Real Property; Equipment; Leasehold. All material items of equipment and other tangible assets owned by or leased to the Acquired Corporations are adequate for the uses to which they are being put, are in good and safe condition and repair (ordinary wear and tear excepted) and, to the best knowledge of the Company, and are adequate for the conduct of the business of the Acquired Corporations in the manner in which such business is currently being conducted and is presently proposed by the Company to be conducted. None of the Acquired Corporations owns own any real property or any interest in any real property, except for for: (ai) the leaseholds created under the real property leases identified in Part 2.8(a2.8(a)(i) of the Company Disclosure Schedule Schedule; and (bii) the land described in Part 2.8(b2.8(a)(ii) of the Company Disclosure Schedule to which the Company has good and marketable fee title and which is owned by the Company free and clear of any Encumbrances, except for the Encumbrances identified in Part 2.8(b2.8(ii) of the Company Disclosure Schedule.
Appears in 1 contract