Asset Condition. All of the tangible Assets are in good order, repair and operating condition subject, however, to the effect of ordinary wear and tear and depreciation arising from lapse of time or use with appropriate maintenance.
Asset Condition. (i) The inventory of finished goods, work in process and other inventory items of the Company (the “Inventory”) was acquired, created, developed or manufactured (as applicable), and is and has been at all times maintained, in the Ordinary Course of Business, and consists of items of good and merchantable quality, and of a quantity and quality usable or salable in the Ordinary Course of Business. The values at which Inventory are carried on the Company Financial Statements reflect the Inventory valuation policy of the Company, which is consistent with its past practice. The Company is not under any liability or obligation with respect to the return of any item of Inventory in the possession of its customers. All Inventory is merchantable and fit for the purposes for which it was procured or manufactured, and no Inventory is slow-moving, obsolete, damaged or defective.
Asset Condition. Subject to those items disclosed on Schedule 4.20, the plant, equipment and machinery of Compression, taken as a whole, are of an industry standard (including operating condition and state of repair) as would be expected of a prudent operator in the compression business (usual wear and tear excepted). During the past two years, there has not been any material interruption in the operations of Compression due to inadequate maintenance.
Asset Condition. The Shareholders and Guarantors, jointly and severally, represent, warrant and covenant that, as of the Closing Date, all physical Assets of the Company and the Subsidiary are free of defects except to the extent that such failure will not likely have a material adverse effect on the assets, liabilities, financial condition or prospects of the Company or the Subsidiary, and in good working order, condition and repair, except for ordinary wear and tear, and conform in all material respects with all applicable Governmental Requirements (as defined in Section 9.4).
Asset Condition. Seller will make available all information, if any, about the Asset in its possession, custody, or control.
Asset Condition. Buyer acknowledges by accepting this Agreement that Seller is not in the business of selling the Assets and has an interest in the Assets solely as a secured creditor for the purposes of liquidating the Assets. Bxxxx further acknowledges that it is familiar with the Assets being transferred to it, has thoroughly examined and inspected the Assets and satisfied itself as to their existence, condition and quality and does not in any way rely on any statements or representations made by Seller or Borrower as to the condition of the Assets, but has made the decision to purchase the Assets solely based on its own examination. Without limiting the foregoing, Buyer acknowledges that neither Seller nor, except as otherwise set forth herein, Borrower, has made any representations or warranties regarding the quantity or quality of the Assets.
Asset Condition. All Real Property Interests and tangible personal --------------- property, including Equipment and Facilities, (i) are in normal operating condition and repair, (ii) are free from defects, and (iii) conform or comply in all respects with all applicable ordinances, laws, rules, regulations, and applicable requirements of federal, state and/or local regulatory or government authorities. The Equipment is in normal operating condition and repair (reasonable wear and tear excepted), operates at the performance parameters specified in applicable FCC authorizations and is suitable for the purpose for which it is intended to be used.
Asset Condition. All buildings and improvements and all of the machinery and equipment owned or used by the Sellers are in good repair and operating condition and are adequate to carry on the Sellers' businesses as presently conducted.
Asset Condition. Use its commercially reasonable efforts to maintain or cause to be maintained the Assets in good working condition and repair, for their current use in the ordinary course of business.
Asset Condition. The pipeline and other tangible assets of the Partnership are, to Seller's knowledge, in good condition, ordinary wear and tear excepted.
