Tangible Assets. The Target owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.
Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted. Each Tangible Asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.
Tangible Assets. The Company and its Subsidiaries own or lease all tangible assets, if any, necessary for the conduct of their respective businesses as presently conducted. Each such tangible asset is free from material defects, has been maintained in accordance with normal industry practice and is in good operating condition and repair, other than where such defects or the failures to have been so maintained or to be in such condition and repair would not individually or in the aggregate reasonably be expected to have a Material Adverse Effect.
Tangible Assets. 12 5.10 Inventory..................................................12 5.11
Tangible Assets. The machinery, equipment, and other tangible assets that Target owns and leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).
Tangible Assets. 6 (i) Real Property...............................................6 (j) Intellectual Property.......................................7 (k) Contracts...................................................9 (l) Commission Licenses and Compliance with Commission Requirements..............................................10 (m) Insurance..................................................11 (n) Litigation.................................................11 (o) Employees..................................................12 (p)
Tangible Assets. The Company and its Subsidiaries own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conducted. Each such tangible asset has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.
Tangible Assets. 33 4.21 Contracts and Commitments...........................................34 4.22
Tangible Assets. (a) The Company and its Subsidiaries have good and valid title to or valid and subsisting leasehold interests in all Fixtures and Equipment having original cost or fair market value in excess of Five Thousand Dollars ($5,000), including all such Fixtures and Equipment reflected in the Company's most recent balance sheet included in the Financial Statements and all such Fixtures and Equipment purchased or otherwise acquired by the Company or any Subsidiary since the date of such Balance Sheet. Except as set forth on SCHEDULE 4.20, none of such Fixtures and Equipment is subject to any Encumbrance except for Permitted Encumbrances and Encumbrances which, individually or in the aggregate, are not substantial in amount and do not materially detract from the value of the property or assets of the Company and its Subsidiaries taken as a whole or interfere with the present use of such property or assets (taken as a whole). The Company and each Subsidiary has in all material respects performed all the obligations required to be performed by it with respect to all such Fixtures and Equipment leased by it through the date hereof, except where the failure to perform would not have a Material Adverse Effect on the Company and its Subsidiaries, taken as a whole. All such leases are valid, binding and enforceable with respect to the Company and its Subsidiaries in accordance with their terms and are in full force and effect. No default has occurred thereunder on the part of the Company, any Subsidiary or, to the Knowledge of the Company, any other party which default would be reasonably likely to have a Material Adverse Effect on the Company.
(b) The buildings and Fixtures and Equipment of the Company and its Subsidiaries are in reasonably good operating condition and repair (except for ordinary wear and tear), with no material defects, are sufficient for the operation of the business of the Company and its Subsidiaries as presently conducted and are in conformity, in all material respects, with all Applicable Laws relating thereto currently in effect, except where the failure to conform would not have a Material Adverse Effect on the Company.
Tangible Assets. The Company owns or leases all tangible assets necessary for the conduct of its business as presently conducted. To the Company's knowledge, each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.
