Status of Equipment. The Xxxxx and Equipment are in good repair, working order and operating condition and are adequate for the operation of the Oil and Gas Properties as currently being operated; however, the Xxxxx and Equipment are being delivered in "as is-where is" condition.
Status of Equipment. The Equipment, fixtures and other tangible personal property forming a part of the Collateral are in good repair and condition and are adequate for the normal operation of the Collateral in accordance with prudent industry standards; all of such Collateral is located on the Mineral Properties, except for that portion thereof which is located elsewhere (including that usually located on the Mineral Properties but now temporarily located elsewhere) in the course of the normal operation of the Mineral Properties.
Status of Equipment. The Equipment leased under this Lease is, and will at all times remain, personal property, even though it or any part of it may now be, or may become, in any manner attached to, or embedded in, or permanently resting on, real property or improvements thereon.
Status of Equipment. The equipment leased under this Agreement is, and will at all times remain, personal property, even though it or any part of it may now be, or may become, in any manner attached to, or embedded in, or permanently resting on, real property or improvements thereon.
Status of Equipment. The Equipment is, and will, at all times remain personal property, not withstanding that it or any part of it may now be, or become, in any manner attached to, or imbedded in or permanently resting on, real property or improvements thereon.
Status of Equipment. On the Closing Date, (i) the Equipment will be ------------------- in good working order and in the condition assumed by the Appraisal, (ii) the Equipment will be located at the Equipment Site and (iii) no Event of Loss or event or condition which, with notice or lapse of time or both, would become an Event of Loss will have occurred and be continuing.
Status of Equipment
