Common use of Tangible Assets Clause in Contracts

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 Seller or a Subsidiary owns or leases all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of its their business as presently conducted. Each Tangible Asset 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.

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of its business their businesses as presently conducted and as presently proposed to be conducted. Each Tangible Asset 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 used in the conduct of its business businesses as presently conducted. Each Tangible Asset is free from defects (patent and latent), 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 as currently used by Seller is suitable for the purposes for which it is presently used and is used.free from known defects,

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, machinery and other tangible assets necessary for the conduct of its business the Acquired Business as presently conducted. Each Tangible tangible Purchased Asset is in good repair and good operating condition, ordinary wear and tear excepted, is suitable for use in the ordinary course of Seller’s business and 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 usedlatent defects.

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business the Business (as presently conducted). Each Tangible Asset is free from defects (patent and latent), has Such tangible assets have been maintained in accordance with normal industry practice, 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 are used.

Tangible Assets. The Seller owns Sellers own or leases lease all buildingsreal estate, machinery, equipment, Machinery and Equipment and other tangible assets necessary for the conduct of its business the Business as presently conductedconducted (the "Tangible Assets"). Each All of the Tangible Asset is free from defects (patent and latent), has Assets have been maintained in accordance with normal industry practicepractice in all material respects, is are in good operating condition and repair (subject to normal wear and tear)) in all material respects, and is are suitable for the purposes for which it they presently is are 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), such tangible asset has been maintained in accordance with normal industry practice, and is in reasonably 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 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 such tangible asset is free from known 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 Seller owns or leases all buildings, machinery, equipment, 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), such tangible asset has been maintained in accordance with normal industry practice, 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 Seller owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business the Business as presently conducted. Each Tangible Asset is free from defects (patent and latent), 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. The Seller owns or leases all buildings, machinery, equipment, equipment and other tangible assets (collectively, the “Tangible Assets”) necessary for the conduct of its business the Business as presently 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 is used.

Tangible Assets. The Seller 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. Each Tangible Asset is free from defects (patent and latent), 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. To the Knowledge of Seller, each such tangible asset is free from any material defects (patent or latent).

Tangible Assets. The Each 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 such tangible asset material to the operation of the business of either Seller 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.

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, machinery and other tangible assets necessary for the conduct of its business as presently conducted. Each Tangible Asset such tangible asset is in good repair and good operating condition, ordinary wear and tear excepted, is suitable for use in the ordinary course of Seller’s business and 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 usedlatent defects.

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business businesses 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.presently

Tangible Assets. The Seller owns own or leases lease all buildingsPersonal Property, machineryconsumables, equipment, business data and other tangible assets necessary for the conduct of its business the Seller's Business as presently conducted and as presently proposed to be conducted. Each Tangible Asset is free from defects (patent and latent), item of such tangible assets 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 Seller owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business the Business as presently conducted. Each Tangible Asset is free from defects (patent and latent), 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 is presently used and which it 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 Business as presently conducted and as presently proposed to be conducted, including any tangible assets associated with performance of obligations under the contracts that are part of the Assumed Liabilities. Each Tangible Asset such tangible asset is free from defects (patent and latent)any material defects, has been maintained in accordance with normal industry practice, and is in reasonably 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 Seller owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conductedthe Business. Each Tangible Asset such tangible asset is free from defects (patent and latent)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 Seller owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business the Business as presently conducted and as presently proposed to be conducted. Each Tangible Asset To the Knowledge of the Seller, 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 Seller 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 Tangible Asset To the best of the warrantors' 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 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 the Business as presently conducted. Each Tangible Asset 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 Seller owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business their businesses as presently conducted and as presently proposed to be conducted. All such assets are included within the Acquired Assets. Each Tangible Asset is free from defects (patent and latent), 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 and presently is proposed to be used.

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of its business as presently conducted. Each Tangible Asset 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.

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, and other tangible assets Purchased Assets necessary for the conduct of its business the Business as presently now conducted. Each Tangible such Purchased Asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in reasonably good operating condition and repair (subject to normal wear and teartear and the useful life of such Purchased Asset), and is suitable for the purposes for which it presently is now used and proposed to be used.

Tangible Assets. The Seller leases space in a building, and owns or leases all buildings, machinery, equipment, and other tangible assets reasonably necessary for the conduct of its business the Business as presently conductedconducted by or through the Targets. Each Tangible Asset is free from defects (patent and latent), 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 reasonably suitable for the purposes for which it presently is used.