Common use of Buildings, Plants and Equipment Clause in Contracts

Buildings, Plants and Equipment. The buildings, plants, structures and material items of equipment and other personal property owned or leased by Seller, or its Subsidiaries are, in all respects material to the business or financial condition of Seller and its Subsidiaries, taken as a whole, in good operating condition and repair (ordinary wear and tear excepted) and are adequate in all such respects for the purposes for which they are being used.

Appears in 4 contracts

Samples: Acquisition Agreement (Megas Inc), Acquisition Agreement (Megas Inc), Acquisition Agreement (Truesport Alliances & Entertainment LTD)

AutoNDA by SimpleDocs

Buildings, Plants and Equipment. The buildings, plants, structures and material items of equipment and other personal property owned or leased by SellerSELLER, or its Subsidiaries are, in all respects material to the business or financial condition of Seller SELLER and its Subsidiaries, taken as a whole, in good operating condition and repair (ordinary wear and tear excepted) and are adequate in all such respects for the purposes for which they are being used.

Appears in 3 contracts

Samples: Acquisition Agreement (Pb Properties, Inc.), Acquisition Agreement (Pb Properties, Inc.), Acquisition Agreement (Pb Properties, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.