Common use of Title to and Condition of Properties Clause in Contracts

Title to and Condition of Properties. The Company owns or holds under valid leases or other rights to use all real property, plants, machinery and equipment necessary for the conduct of the business of the Company as presently conducted, except where the failure to own or hold such property, plants, machinery and equipment would not have a Material Adverse Effect on the Company. The material buildings, plants, machinery and equipment necessary for the conduct of the business of the Company as presently conducted are structurally sound, are in good operating condition and repair and are adequate for the uses to which they are being put, in each case, taken as a whole, and none of such buildings, plants, machinery or equipment is in need of maintenance or repairs, except for ordinary, routine maintenance and repairs that are not material in nature or cost.

Appears in 13 contracts

Samples: Acquisition of Shares Agreement (Precious Investments, Inc.), Share Exchange Agreement (Perk International Inc.), Share Exchange Agreement (Advanced Medical Institute Inc.)

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Title to and Condition of Properties. The Acquiror Company owns (with good and marketable title in the case of real property) or holds under valid leases or other the rights to use all real property, plants, machinery machinery, equipment and equipment other personal property necessary for the conduct of the its business of the Company as presently conducted, free and clear of all Liens, except where the failure to own or hold such property, plants, machinery and equipment would not have a Material Adverse Effect on the CompanyPermitted Liens. The material buildings, plants, machinery and equipment necessary for the conduct of the business of the Acquiror Company as presently conducted are structurally sound, are in good operating condition and repair and are adequate for the uses to which they are being put, in each case, taken as a whole, and none of such buildings, plants, machinery or equipment is in need of maintenance or repairs, except for ordinary, routine maintenance and repairs that are not material in nature or cost.

Appears in 9 contracts

Samples: Share Exchange Agreement (Kinglake Resources Inc.), Share Exchange Agreement (Kinglake Resources Inc.), Share Exchange Agreement (Kinglake Resources Inc.)

Title to and Condition of Properties. The Company owns (with good and marketable title in the case of real property) or holds under valid leases or other rights to use all real property, plants, machinery and equipment necessary for the conduct of the business of the Company as presently conducted, free and clear of all Liens, except where the failure to own or hold such property, plants, machinery and equipment would not have a Material Adverse Effect on the CompanyPermitted Liens. The material buildings, plants, machinery and equipment necessary for the conduct of the business of the Company as presently conducted are structurally sound, are in good operating condition and repair and are adequate for the uses to which they are being put, in each case, taken as a whole, and none of such buildings, plants, machinery or equipment is in need of maintenance or repairs, except for ordinary, routine maintenance and repairs that are not material in nature or cost.

Appears in 1 contract

Samples: Share Exchange Agreement (Neulion, Inc.)

Title to and Condition of Properties. The Company Unical owns or holds under valid leases or other rights to use all real property, plants, machinery and equipment necessary for the conduct of the business of the Company Unical as presently conducted, except where the failure to own or hold such property, plants, machinery and equipment would not have a Material Adverse Effect on the CompanyUnical. The material buildings, plants, machinery and equipment necessary for the conduct of the business of the Company Unical as presently conducted are structurally sound, are in good operating condition and repair and are adequate for the uses to which they are being put, in each case, taken as a whole, and none of such buildings, plants, machinery or equipment is in need of maintenance or repairs, except for ordinary, routine maintenance and repairs that are not material in nature or cost.

Appears in 1 contract

Samples: Share Exchange Agreement (Industries International Inc)

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Title to and Condition of Properties. The Except as would not have a Material Adverse Effect, the Company owns (with good and marketable title in the case of real property) or holds under valid leases or other rights to use all real property, plants, machinery and equipment necessary for the conduct of the business Business, free and clear of the Company as presently conductedall Liens, except where the failure to own or hold such property, plants, machinery and equipment would not have a Material Adverse Effect on the CompanyPermitted Liens. The material buildings, plants, machinery and equipment necessary for the conduct of the business of the Company as presently conducted Business are structurally sound, are in good operating condition and repair and are adequate for the uses to which they are being put, in each case, taken as a whole, and none of such buildings, plants, machinery or equipment is in need of maintenance or repairs, except for ordinary, routine maintenance and repairs that are not material in nature or cost.

Appears in 1 contract

Samples: Share Exchange Agreement (China Pediatric Pharmaceuticals, Inc.)

Title to and Condition of Properties. The Company owns (with good and marketable title in the case of real property) or holds under valid leases or other rights to use all real property, plants, machinery and equipment necessary for the conduct of the business of the Company as presently conducted, except where the failure to own or hold such property, plants, machinery free and equipment would not have a Material Adverse Effect on the Companyclear of all liens. The material buildings, plants, machinery and equipment necessary for the conduct of the business of the Company as presently conducted are structurally sound, are in good operating condition and repair and are adequate for the uses to which they are being put, in each case, taken as a whole, and none of such buildings, plants, machinery or equipment is in need of maintenance or repairs, except for ordinary, routine maintenance and repairs that are not material in nature or cost.

Appears in 1 contract

Samples: Asset Purchase Agreement (National Asset Recovery Corp.)

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