Common use of Condition of Fixed Assets Clause in Contracts

Condition of Fixed Assets. All of the Fixed Assets set forth on Schedule 1.2 are in good operating condition, in a state of good maintenance and repair, and are adequate and suitable for the purposes which are presently being used. All appropriate repair and maintenance of the Fixed Assets has been performed on a current basis and in accordance with generally accepted industry standards. Except as set forth on Schedule 5.4 attached hereto, none of the Fixed Assets are in need of any repairs which are outside the ordinary course of maintenance and repairs routinely performed by Seller in the past, and no currently needed repairs are reasonably likely to cost, either singularly or in the aggregate with respect to all Fixed Assets, in excess of Five Thousand Dollars ($5,000).

Appears in 4 contracts

Samples: Asset Purchase Agreement (Digital Television Services of Kansas LLC), Asset Purchase Agreement (Digital Television Services of Kansas LLC), Asset Purchase Agreement (Digital Television Services of Kansas LLC)

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Condition of Fixed Assets. All of the Fixed Assets set forth on Schedule 1.2 1.1 are in good operating condition, in a state of good maintenance and repair, and are adequate and suitable for the purposes which are presently being used. All appropriate repair and maintenance of the Fixed Assets has been performed on a current basis and in accordance with generally accepted industry standards. Except as set forth on Schedule 5.4 attached hereto, none of the Fixed Assets are in need of any repairs which are outside the ordinary course of maintenance and repairs routinely performed by Seller in the past, and no currently needed repairs are reasonably likely to cost, either singularly or in the aggregate with respect to all Fixed Assets, in excess of Five Thousand Dollars ($5,000).

Appears in 3 contracts

Samples: Asset Purchase Agreement (Digital Television Services of Kansas LLC), Asset Purchase Agreement (Digital Television Services of Kansas LLC), Asset Purchase Agreement (Digital Television Services of Kansas LLC)

Condition of Fixed Assets. All of the Fixed Assets set forth on Schedule 1.2 1.1 are in good operating condition, in a state of good maintenance and repair, and are adequate and suitable for the purposes which are presently being used. All appropriate repair and maintenance of the Fixed Assets has been performed on a current basis and in accordance with generally accepted industry standards. Except as set forth on Schedule 5.4 attached hereto, none of the Fixed Assets are in need of any repairs which are outside the ordinary course of maintenance and repairs routinely performed by Seller Sellers in the past, and no currently needed repairs are reasonably likely to cost, either singularly or in the aggregate with respect to all Fixed Assets, in excess of Five Thousand Dollars ($5,000).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Digital Television Services of Kansas LLC), Asset Purchase Agreement (Digital Television Services of Kansas LLC)

Condition of Fixed Assets. All of the Fixed Assets set forth on Schedule 1.2 are in good operating condition, in a state of good maintenance and repair, and are adequate and suitable for the purposes which are presently being used. All appropriate repair and maintenance of the Fixed Assets has been performed on a current basis and in accordance with generally accepted industry standards. Except as set forth on Schedule 5.4 attached hereto, none of the Fixed Assets are in need of any repairs which are outside the ordinary course of maintenance and repairs routinely performed by Seller in the past, and no currently needed repairs are reasonably likely to cost, either singularly or in the aggregate with respect to all Fixed Assets, in excess of Five Fifteen Thousand Dollars ($5,00015,000).

Appears in 1 contract

Samples: Asset Purchase Agreement (Digital Television Services of Indiana LLC)

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Condition of Fixed Assets. All of the Fixed Assets set forth on Schedule 1.2 are in good operating condition, in a state of good maintenance and repair, and are adequate and suitable for the purposes which are presently being used. All appropriate repair and maintenance of the Fixed Assets has been performed on a current basis and in accordance with generally accepted industry standardsbasis. Except as set forth on Schedule 5.4 attached hereto, none of the Fixed Assets are in need of any repairs which are outside the ordinary course of maintenance and repairs routinely performed by Seller in the past, and no currently needed repairs are reasonably likely to cost, either singularly or in the aggregate with respect to all Fixed Assets, in excess of Five Thousand Dollars ($5,000).

Appears in 1 contract

Samples: Asset Purchase Agreement (DTS Capital Inc)

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