Common use of Tangible Assets Clause in Contracts

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.

Tangible Assets. The Company owns or leases all an buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted. To the Company's knowledge, each 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.

Tangible Assets. The Company owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business Business as presently conducted. To the Company's knowledge, each Each such tangible asset is free from material 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 owns or leases all buildings, machinery, equipment and other tangible assets necessary for the conduct of its business as presently conducted. To the Company's knowledge, each 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.

Tangible Assets. The Company owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business businesses as presently conducted and as presently proposed to be conducted. To the Company's knowledge, each Each such tangible asset is free from defects (patent and and, to the Seller's Knowledge, 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 Company owns or leases all office space, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted and as presently proposed to be conducted. To the Company's knowledgeKnowledge of Seller, 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 Company owns or leases all buildings, machinery, equipment, and other tangible assets necessary in all material respects for the conduct of its business as presently conducted. To Except as set forth in Section 4.14 of the Company's knowledgeCompany Disclosure Schedule, each such tangible asset is free from material 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 owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business businesses as presently conducted and as presently proposed to be conducted. To the Company's knowledge, each 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, except for assets surplus to reasonable business needs of the Company.

Tangible Assets. The Company owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted. To Except as set forth in Section 4.17 of the Company's knowledgeCompany Disclosure Schedule, each such tangible asset is free from material 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 owns or leases all premises, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted and as presently proposed to be conducted. To the Company's knowledge, each Each such tangible asset is free from defects (patent and latent)defects, 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 Company owns or leases all buildings, machinery, equipment and other tangible assets necessary for the conduct of its business as presently conducted. To the Company's knowledge, each Each such tangible asset is free from material 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. Schedule 5.15 sets forth a list of all material items of tangible assets of the Company, including the location thereof.

Tangible Assets. The Company owns and its Subsidiary own or leases lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business the Business as presently conducted. To the Company's knowledge, each Each such tangible asset is is, to the Knowledge of the Company, free from defects (patent and latent)any material defects, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and teartear and taking into account its age), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business the Business as presently conducted. To the Company's knowledge, each Each such tangible asset is free from defects (patent and latent)any known material defects, 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 owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted. To the Company's knowledge, each Each such tangible asset is free from defects (patent and latent)) and Security Interests, 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 Company owns or leases all material machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted. To the Company's knowledge, each Each such tangible asset actually used 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, in each case in all material respects.

Tangible Assets. The Company owns owns, leases or leases licenses all buildings, machinery, equipment, other tangible assets and System necessary for the conduct of its business businesses as presently conducted and as presently proposed to be conducted. To the Company's knowledgeknowledge of Seller, each such tangible asset or System is free from defects (patent and latent), has been maintained in accordance with manufacturer guidelines and 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 Company owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business businesses as presently currently conducted. To the Company's knowledge, each 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 currently is used.

Tangible Assets. The Company owns or leases all buildings, machinery, equipment, and other tangible assets that the Company deems necessary for the conduct of its business as presently conducted. To the Company's knowledge, each Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, and 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 owns or leases all buildings, machinery, equipment, and other tangible assets necessary required for the conduct of its business as presently conducted. To the Company's knowledge, each Each such tangible asset asset, except for used equipment held for resale, 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.