Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of the Company are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.
Condition of Personal Property. The Personal Property is in good operating condition and repair, ordinary wear and tear excepted, and is adequate, suitable and sufficient to meet the needs of and to operate the Property as currently conducted.
Condition of Personal Property. The inventory, equipment, fixtures and other tangible personal property and fixtures forming a part of the Collateral are in good repair and condition. All of such Collateral is located on the Land.
Condition of Personal Property. Except as set forth in Schedule 3.10, all items of Personal Property with a value greater than One Thousand Dollars ($1,000) individually used or useful in the operation of Company’s business, are in good operating condition and repair (reasonable wear and tear excepted), and are suitable for their intended use.
Condition of Personal Property. All items of Personal Property of the Company with a value greater than $10,000 are set forth on Schedule 3.10. Except as set forth in Schedule 3.10, all such items of Personal Property used or useful in the operation of Company’s business, are in good operating condition and repair (reasonable wear and tear excepted), and are suitable for their intended use.
Condition of Personal Property. Seller represents and warrants to Buyer that all of the assets described in Sections 1.1(a) and 1.1(h) are in good working condition, repair and order for the normal operations of the Radio Stations, and are in compliance with FCC and the Federal Aviation Administration requirements, and will be in such condition on the Closing Date.
Condition of Personal Property. 20 Section 4.17. Compliance with Environmental Laws....................... 21 Section 4.18. Insurance................................................ 22 Section 4.19. Litigation............................................... 22 Section 4.20. Contracts, Obligations and Commitments................... 23 Section 4.21. Employees and Employee Relations......................... 23 Section 4.22. Intangible Property...................................... 24 Section 4.23. Compliance with Law...................................... 24 Section 4.24. Hill Burton Obligations.................................. 25 Sexxxxx 0.00. Medical Staff Matters.................................... 25 Section 4.26. Brokers.................................................. 25 Section 4.27. Records.................................................. 25 Section 4.28. Existing Leases.......................................... 25 Section 4.29.
Condition of Personal Property. SCHEDULE 4.16 sets forth a list of all equipment and other items of tangible personal property used by Sherman Oaks in the operation of the Hospital and to be purchased by Xxxxxx Valley Operator (the "Personal Property"). Except as set forth on SCHEDULE 4.16, upon the closing of the transaction under the Sherman Oaks Purchase Agreement, Desert Valley Operator may grant Acxxxxxxxon Sub a first priority security interest in and to the Personal Property. SCHEDULE 4.16 sets forth an accurate and complete list of all leases of personal property used in the operation of the Hospital (the "Personal Property Leases"). The Seller Parties have made available the Purchaser Parties with complete, correct and current copies of all of the Personal Property Leases. Except as set forth on SCHEDULE 4.16: (i) the Seller Parties may, upon the closing of the transaction under the Sherman Oaks Purchase Agreement, grant a first priority security intxxxxx xn the Personal Property Leases to the Acquisition Sub, (ii) the Personal Property Leases have not been modified, amended or assigned, are legally valid, binding and enforceable in accordance with their respective terms and are in full force and effect; (iii) there are no monetary defaults and no material nonmonetary defaults by any party to the Personal Property Leases; and (iv) to the Knowledge of Seller Parties, no condition or event has occurred which with the passage of time or the giving of notice or both would constitute a default or breach by any Party of the terms of any Personal Property Lease. Except as set forth on SCHEDULE 4.16, all Personal Property is in good operating condition and repair, ordinary wear and tear excepted, and is located on the Real Property.
Condition of Personal Property. Attached hereto as Exhibit 3.1.15 and incorporated by reference herein is a true, correct and complete list of all personal property, owned by Seller or used by Seller in the conduct of its business, including, but not limited to, all equipment, machinery and fixtures, (collectively, the “Personal Property”), indicating whether it is owned or the manner in which the Personal Property is otherwise utilized by Seller. Seller has sole and exclusive, good and merchantable title to all of the Personal Property owned by it, free and clear of all pledges, claims, liens, restrictions, security interests, charges and other encumbrances. All of the Personal Property is in good repair and good operating condition, fit for its intended purposes, and is adequate for the continuation of Seller’s business.
Condition of Personal Property. Attached hereto as Exhibit I and incorporated by reference herein is a true, correct and complete list of the Assets owned by the Company or used by the Company in the conduct of the business formerly conducted by RomNet, including, but not limited to, all inventory, equipment, machinery and fixtures, (collectively, the "Personal Property"), indicating whether it is owned or the manner in which the Personal Property is otherwise utilized by the Company. The Company has or on the Closing Date will have sole and exclusive, good and merchantable title to all of the Personal Property owned by it including the Assets, free and clear of all pledges, claims, liens, restrictions, security interests, charges and other encumbrances, except as provided to the contrary in Exhibit I.
