Condition of Fixed Assets. All of the equipment owned by the Company and the Subsidiaries is in good condition and repair for its intended use, normal wear and tear and normal obsolescence excepted, in the ordinary course of business and conforms in all material respects with all applicable ordinances, regulations and other laws and there are no known defects therein.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Smith Jack T), Agreement and Plan of Merger (Palmer J N Family Partnership), Agreement and Plan of Merger (Ladin William E Jr)
Condition of Fixed Assets. All of the equipment owned by the Company and the Subsidiaries is in good condition and repair for its their intended use, normal wear and tear and normal obsolescence excepted, use in the ordinary course of business and conforms in all material respects with all applicable ordinances, regulations and other laws and there are no known defects thereinbusiness.
Appears in 1 contract
Samples: Membership Interests Purchase Agreement (Boundless Motor Sports Racing Inc)
