Common use of Condition of Fixed Assets Clause in Contracts

Condition of Fixed Assets. All of the structures and equipment reflected in the Financial Statements and used by the Company in its business are in good condition and repair, subject to normal wear and tear, and conform in all material respects with all applicable ordinances,

Appears in 4 contracts

Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)

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Condition of Fixed Assets. All of the structures and equipment reflected in the Financial Statements and used by the Company in its business are in good condition and repair, subject to normal wear and tear, and conform in all material respects with all applicable ordinances,, regulations and other laws, and the Company has no actual knowledge of any latent defects therein.

Appears in 4 contracts

Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)

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Condition of Fixed Assets. All of the material structures and equipment reflected in the Financial Statements and used by the Company in its business are in good condition and repair, subject to normal wear and tear, and conform in all material respects with all applicable ordinances,, regulations and other laws, and the Company has no actual knowledge of any latent defects therein.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Universal Document MGMT Systems Inc), Asset Purchase Agreement (Access Corp)

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