Common use of Tangible Assets Clause in Contracts

Tangible Assets. The buildings, machinery, equipment and other tangible assets that the Company owns or leases, taken as a whole, are free from material defects (patent and latent), have been maintained in accordance with normal industry practice and are, in all material respects, in good operating condition and repair (subject to normal wear and tear).

Appears in 2 contracts

Samples: Stock Purchase Agreement (Von Hoffmann Holdings Inc), Stock Purchase Agreement (Von Hoffmann Corp)

AutoNDA by SimpleDocs

Tangible Assets. The buildings, machinery, equipment equipment, and other --------------- tangible assets that the Company owns or leases, taken as a whole, and its Subsidiaries own and lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear).

Appears in 2 contracts

Samples: Merger Agreement (Radio One Inc), Merger Agreement (Radio One Inc)

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company owns or leases, taken as a whole, leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Samples: Asset Purchase Agreement (Sutron Corp)

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company owns or leases, taken as a whole, Xxxxxx and its Subsidiaries own and lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear), and is suitable for the purpose for which it presently is used .

Appears in 1 contract

Samples: Agreement and Plan of Merger (Emergisoft Holding Inc)

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company owns or leases, taken as a whole, and leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Samples: Stock Exchange Agreement (Ibiz Technology Corp)

Tangible Assets. The buildings, machinery, equipment equipment, and other ---------------- tangible assets that the Company owns or leases, taken as a whole, Buyer and its Subsidiaries own and lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear).. (xv)

Appears in 1 contract

Samples: Stock Exchange Agreement (Sequiam Corp)

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company owns or leasesand its Subsidiaries own and lease include all tangible assets necessary for the Company and its Subsidiaries to conduct their businesses as presently conducted, taken as a wholeare suitable for the purposes for which they are presently used, are free from material defects (patent and latent), have been maintained in accordance with normal industry practice and arepractice, in all material respects, are in good operating condition and repair (subject to normal wear and tear), and are free and clear of all Security Interests.

Appears in 1 contract

Samples: Merger Purchase Agreement (Rexall Sundown Inc)

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company Seller owns or leases, taken as a whole, and leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Samples: Asset Purchase Agreement (Casino Resource Corp)

Tangible Assets. The buildings, machinery, equipment and other tangible assets (other than inventory) that the Company owns and the Subsidiaries own or leaseslease, taken as a whole, are free from material defects (patent and latent), have been maintained in accordance with normal industry practice and are, in all material respects, in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Samples: Purchase Agreement (Nbty Inc)

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company owns or leases, taken as a whole, and leases are free from material defects (patent and latent, to the Knowledge of any of the Sellers and the directors and officers of the Company), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Samples: Stock Purchase Agreement (Penn Engineering & Manufacturing Corp)

Tangible Assets. The buildings, machinery, equipment and other tangible assets that the Company owns and its Subsidiaries own or leases, taken as a whole, lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Samples: Asset Purchase Agreement (Matritech Inc/De/)

Tangible Assets. The buildings, machinery, equipment and other tangible assets that the Company owns or leases, taken as a whole, and leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear)) and are usable in the Ordinary Course of Business.

Appears in 1 contract

Samples: Stock Purchase Agreement (Adaptec Inc)

AutoNDA by SimpleDocs

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company owns or leasesand its Subsidiaries own and lease, taken have been maintained in the Ordinary Course of Business and such tangible assets as a whole, are necessary for normal operation of business in the ordinary course are free from material defects (patent and latent), have been maintained in accordance with normal industry practice and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear), considering their age and operational use.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hartley Controls Corp)

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company owns or leases, taken as a whole, and its Subsidiaries own and lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Source Information Management Co)

Tangible Assets. The buildings, machinery, equipment and other tangible assets Assets (other than inventory and Store HVAC) that the Company owns and the Subsidiaries own or leaseslease, taken as a whole, are free from material defects (patent and and, to Seller's Knowledge, latent), have been maintained in accordance with normal industry practice and are, in all material respects, in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Samples: Purchase Agreement (GNC Corp)

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company owns or leases, taken as a whole, and/or leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Samples: Unit Purchase Agreement (Digital Ally Inc)

Tangible Assets. The buildings, machinery, equipment All of the tangible personal property and other tangible assets that Company and the Company owns Subsidiaries use in their respective businesses, own or leases, taken as a whole, lease are free from material defects (patent and latent)defects, have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear)) and are adequate and suitable for the purposes for which they are presently used.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Wellpoint Inc)

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company Seller owns or and leases, taken as a wholeexcept for used equipment held for resale, are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Samples: Asset Purchase Agreement (Officeland Inc)

Tangible Assets. The buildings, machinery, equipment equipment, and other tangible assets that the Company owns or leases, taken as a whole, and any of its Subsidiaries own and lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice practice, and are, in all material respects, are in good operating condition and repair (subject to normal wear and tear), considering their age and operational use.

Appears in 1 contract

Samples: Stock Purchase Agreement (Stryker Machining Facility Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!