Common use of Tangible Assets Clause in Contracts

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. The Company and its Subsidiaries own owns or lease leases 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 and its Subsidiaries own each Subsidiary owns or lease leases all buildingspremises, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from 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 and its Subsidiaries Acquired Entities own or lease all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their respective businesses as presently currently conducted. Each such tangible asset 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 usedused and is in good working order.

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 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 and its Subsidiaries own or lease all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their respective businesses business 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. The Company and its Subsidiaries own owns or lease leases all land, buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset 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.

Tangible Assets. The Bearings Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their respective businesses its business 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. The Company and its Subsidiaries own Each of the Companies owns or lease 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 and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, equipment and other tangible assets reasonably necessary for the conduct of their respective businesses its business as presently conducted. Each such The tangible asset has been maintained in accordance with normal industry practiceassets of the Company, is taken as a whole, 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 Company and each of its Subsidiaries own or lease all buildings, machinery, equipment, and other material tangible assets necessary for the conduct of their respective businesses the operations of the Business as presently 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.

Tangible Assets. The Company and its Subsidiaries own own, or 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 respective businesses its business as presently conducted. Each such Taken as a whole, the material tangible asset 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.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, --------------- equipment, vehicles and other tangible assets necessary for the conduct of their respective 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 and its Subsidiaries own owns or lease leases all buildings, machinery, --------------- equipment, and other tangible assets necessary for the conduct of their respective 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 Companies and its the Subsidiaries own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses the Business as presently 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.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, improvements, furniture, fixtures and other tangible assets necessary for the conduct of their respective 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.