Title to and Condition of Properties. The Company owns or holds under valid leases all material real property, plants, machinery and equipment necessary for the conduct of the business of the Company in substantially the same manner as presently conducted. The plants, property and equipment used in the operations of the respective businesses of the Company and each of its Subsidiaries are in good operating condition and repair, normal wear and tear excepted.
Appears in 4 contracts
Samples: Merger Agreement (Guideline, Inc.), Merger Agreement (Best Buy Co Inc), Merger Agreement (Infousa Inc)
Title to and Condition of Properties. The Company owns or holds under valid leases all material real property, plants, machinery and equipment necessary for the conduct of the business of the Company in substantially the same manner as presently conducted. The , except where the failure to own or hold such property, plants, machinery and equipment would not have a Material Adverse Effect. Except as would not have in the aggregate a Material Adverse Effect, all of the machinery, equipment, and other tangible personal property and equipment assets owned or used in the operations of the respective businesses of by the Company and each its subsidiaries are usable in the ordinary course of its Subsidiaries business and are in good operating condition reasonably adequate and repair, normal wear and tear exceptedsuitable for their current uses.
Appears in 3 contracts
Samples: Merger Agreement (Sri Surgical Express Inc), Merger Agreement (Coleman Cable, Inc.), Merger Agreement (Technology Research Corp)
Title to and Condition of Properties. The Company owns Companies own or holds under valid leases lease all material real property, plants, machinery and equipment necessary for the conduct of the business Businesses of the Company in substantially the same manner Companies as presently conducted. The , except where the failure to own or so hold such property, plants, property machinery and equipment used would not reasonably be expected to result in a Material Adverse Change with respect to the operations of the respective businesses of the Company and each of its Subsidiaries are in good operating condition and repair, normal wear and tear exceptedCompanies taken as a whole.
Appears in 3 contracts
Samples: Purchase Agreement (Bergen Brunswig Corp), Stock Purchase Agreement (Bergen Brunswig Corp), Stock Purchase Agreement (Counsel Corp)
Title to and Condition of Properties. The Company owns or holds under valid leases all material real property, plants, machinery and equipment necessary for the conduct of the business of the Company in substantially the same manner as presently conducted. The plants, property and equipment used in the operations of the respective businesses of the Company and each of its Subsidiaries subsidiaries are in good operating condition and repair, normal wear and tear excepted.
Appears in 2 contracts
Samples: Merger Agreement (Infousa Inc), Merger Agreement (Onesource Information Services Inc)
Title to and Condition of Properties. The Company and each Subsidiary owns (with good and marketable title in the case of real property), or holds under valid leases or other rights to use, all material real property, plants, machinery and equipment necessary for the conduct of the its business of the Company in substantially the same manner as presently conducted, free and clear of all Liens. The plants, All material items of tangible personal property and equipment used in the operations operation of the respective businesses of the Company and each of its Subsidiaries such business are in good operating satisfactory condition and repair, normal ordinary wear and tear excepted.
Appears in 2 contracts
Samples: Note Purchase Agreement (China SLP Filtration Technology, Inc.), Note Purchase Agreement (Perpetual Technologies, Inc.)
Title to and Condition of Properties. The Company owns or holds under valid leases all real property and plants and all material real property, plants, machinery and equipment necessary for the conduct of the business of the Company in substantially the same manner as presently conducted. The plantsAll of the material machinery, equipment, and other tangible personal property and equipment assets owned or used in the operations of the respective businesses of by the Company and each its subsidiaries are usable in the ordinary course of its Subsidiaries business and are in good operating condition reasonably adequate and repair, normal wear and tear exceptedsuitable for their current uses.
Appears in 1 contract
Title to and Condition of Properties. The Company owns and its subsidiaries own or holds hold under valid leases all plants and all material real property, plants, machinery and equipment necessary sufficient for the conduct of the business of the Company in substantially the same manner and its subsidiaries, taken as a whole, as presently conductedconducted in all material respects. The plantsAll of the material machinery, equipment, and other tangible personal property and equipment assets owned or used in the operations of the respective businesses of by the Company and each its subsidiaries are usable in the ordinary course of its Subsidiaries business and are in good operating condition reasonably adequate and repair, normal wear and tear exceptedsuitable for their current uses.
Appears in 1 contract
