Common use of Condition of the Companies Clause in Contracts

Condition of the Companies. Operation of Business in the Ordinary Course. All of the material equipment, buildings and other assets of each of the Companies used in connection with the operation of its businesses are in good, workmanlike condition and fit for use for its intended purpose, ordinary wear and tear excepted.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Velocom Inc), Preferred Stock Purchase Agreement (Velocom Inc), Preferred Stock Purchase Agreement (Velocom Inc)

AutoNDA by SimpleDocs

Condition of the Companies. Operation of Business in the Ordinary Course. All of the material equipment, buildings and other assets of each of the Companies used in connection with the operation of its businesses are in good, workmanlike condition and fit for use for its their intended purposepurposes, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Velocom Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.