Common use of Condition of Personal Property Clause in Contracts

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.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Analex Corp), Stock Purchase Agreement (Analex Corp)

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Condition of Personal Property. Except as set forth in on Schedule 3.103.9, all items of Personal Property with a fair market value greater than One Thousand Dollars ($1,000) 10,000 individually used or useful in the operation of Company’s business, the business of the Company are in good satisfactory operating condition and repair (reasonable wear and tear excepted), ) and are suitable for their intended usethe purposes for which they are currently being used.

Appears in 2 contracts

Samples: Equity Purchase Agreement (ICF International, Inc.), Equity Purchase Agreement (ICF International, Inc.)

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 useuse in the Ordinary Course of Business.

Appears in 1 contract

Samples: Stock Purchase Agreement (Horne International, Inc.)

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Condition of Personal Property. Except as set forth in on Schedule 3.103.8, all items of Personal Property with a fair market value greater than One Thousand Dollars ($1,000) individually 10,000 used or useful in the operation of Company’s business, the Acquired Entities’ businesses (a) are in good operating condition and repair (reasonable wear and tear excepted)) and (b) are usable in the Ordinary Course of Business. Except as set forth on Schedule 3.8, and are suitable for their intended useno Person other than an Acquired Entity owns any Personal Property situated on any premises of any Acquired Entity or that is used in the operation of the business of the Acquired Entities.

Appears in 1 contract

Samples: Equity Purchase Agreement (Innovex Downhole Solutions, Inc.)

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