Common use of Tangible Assets Clause in Contracts

Tangible Assets. The Company owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their businesses 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 Company owns and its Subsidiaries own or leases lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses 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 Company owns and its Subsidiaries own or leases lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their businesses 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 Company owns Acquired Entities own or leases lease all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their businesses as presently conducted and as presently proposed to be currently 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 reasonable condition and repair (subject to normal wear and tear)) and, and in the Management Sellers’ reasonable opinion, is suitable for the purposes for which it presently currently is used and presently is proposed to be usedin good working order.

Tangible Assets. The Company owns and its Subsidiaries own or leases lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their businesses 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 (a) Each of the Company and its Subsidiaries owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their its businesses as presently currently conducted and as presently proposed is reasonably foreseeable to be conducted. Each such tangible asset is in a good state of maintenance and repair, 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 and presently is proposed to be used.

Tangible Assets. The Company and each Subsidiary owns or leases all buildingspremises, machinery, equipment, and other tangible assets necessary for the conduct of their businesses its business as presently conducted and as presently proposed to be conducted. 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 their businesses its business as presently conducted and as presently proposed to be conducted. 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 buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their businesses 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 Company Each of the Companies owns or leases all buildings, machinery, equipment, and other tangible assets assets, as applicable, necessary for the conduct of their respective businesses 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 Company owns and each of its Subsidiaries own or leases lease all buildings, machinery, equipment, and other material tangible assets necessary for the conduct of their businesses the operations of the 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 reasonable 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 and its Subsidiaries own or leases lease all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their businesses 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 Company owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their its businesses as presently conducted and as presently proposed to be conducted. 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 Companies and the Subsidiaries own or leases lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their businesses the Business as presently conducted and as presently proposed to be conducted. Each To the Knowledge of the Sellers, 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 and its Subsidiaries own, or leases lease pursuant to valid, binding and enforceable leases, all buildings, vehicles, machinery, equipment, and other material tangible assets used in or necessary for the conduct of their businesses its business as presently conducted and as presently proposed to be conducted. Each such Taken as a whole, the material tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is assets are in good operating condition and repair (subject to normal wear and tear), and is are suitable for the purposes for which it they are 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 their businesses the Business as presently conducted and as presently proposed to be conducted. 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 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 their its businesses as presently conducted and as presently proposed to be currently 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 currently is used and presently is proposed to be used.

Tangible Assets. The Company owns or leases all land, buildings, machinery, equipment, and other tangible assets necessary for the conduct of their businesses its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent)asset, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and tear)and is presumably 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, equipment and other tangible assets reasonably necessary for the conduct of their businesses its business as presently conducted and as presently proposed to be conducted. Each such The tangible asset is free from defects (patent and latent)assets of the Company, has been maintained in accordance with normal industry practicetaken as a whole, is are in good operating condition and repair (subject to normal wear and tear), and is are suitable for the purposes for which it they presently is used and presently is proposed to be are used.

Tangible Assets. The Bearings Company owns or leases all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their businesses 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 Company owns or leases all buildings, machinery, --------------- equipment, and other tangible assets necessary for the conduct of their its businesses 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 Company owns and its Subsidiary own or leases lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their businesses the Business as presently conducted and as presently proposed to be conducted. 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 and presently is proposed to be used.

Tangible Assets. The Company owns and its Subsidiaries own or leases lease all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their respective businesses 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 Company owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their its businesses 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, except for assets surplus to reasonable business needs of the Company.

Tangible Assets. The Company owns or leases all buildings, machinery, --------------- equipment, vehicles and other tangible assets necessary for the conduct of their its businesses 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 Company owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their businesses its Business as presently conducted and as presently proposed to be conducted. 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 and presently is proposed to be used.