Fixed Assets Sample Clauses

Fixed Assets. Schedule 2.10 attached hereto sets forth a true, correct and complete list of all Fixed Assets as of September 30, 1996, including a description and the book value thereof. Schedule 2.10, as updated pursuant to Subsection 7.9 hereof, shall set forth a true, correct and complete list of all Fixed Assets as of the Closing Date, including a description and valuation thereof. All of the Fixed Assets are in good operating condition and repair, normal wear and tear excepted, are currently used by the Seller in the ordinary course of business and in the production of products of the Seller and normal maintenance has been consistently performed with respect to such Fixed Assets.
Fixed Assets. SCHEDULE 2.17 contains a true and complete list of all of the Transferred Assets which are fixed assets with a net book value of greater than $1,000.00, whether owned or leased. Except as shown on SCHEDULE 2.17, the Seller has good and marketable title to all of its fixed assets, free and clear of all claims, liens, mortgages, charges and encumbrances except as disclosed in the Balance Sheet. All of the Seller's fixed assets, whether owned or leased, are adequate and usable for the purposes for which they are currently used, are in good operating condition and repair and have been properly maintained.
Fixed Assets. There shall have been no material alteration in or material adjustment to the Fixed Assets. For purposes of this subsection (h), it will not be considered to be a material alteration or material adjustment to the Fixed Assets if (i) there is damage or destruction to the Fixed Assets as contemplated by Section 2.01(f) herein and SELLER complies with said Section 2.01(f), (ii) SELLER makes additions to the Fixed Assets with the prior written consent of BUYER or (iii) SELLER makes additions to the Fixed Assets without BUYER's consent in order to correct emergency situations which are threatening to impair SELLER's operations at an Office.
Fixed Assets. (a) If a Grantor grants Liens over its fixed assets it shall be free to deal with those assets in the course of its business until an Event of Default has occurred and is continuing.
Fixed Assets. 6.1 If a Guarantor Company grants security over its material fixed assets it shall be free to deal with those assets in the ordinary course of its business and otherwise as permitted under any Finance Document until an Enforcement Event.
Fixed Assets. There is contained in Schedule 1.1 a list of all of the Fixed Assets used in the Purchased Restaurants. To the best of Seller's knowledge, the Fixed Assets are in good working order and condition, ordinary wear and tear excepted, have been properly maintained, are suitable for the uses for which they are being utilized in the Purchased Restaurants, do not require more than regularly scheduled maintenance to keep them in good operating condition and comply with all requirements under applicable laws, regulations and licenses which govern the use and operation thereof.
Fixed Assets. (a) Except as otherwise provided in the Debt Documents, if an Obligor grants security over its fixed assets it shall, prior to the occurrence of an Acceleration Event, be free to deal with those assets in the course of its business.
Fixed Assets. Except as shown on Schedule 2.18, the Corporation has good and marketable title to all of the Transferred Assets free and clear of all claims, liens, mortgages, charges and encumbrances. All of the Transferred Assets whether owned or leased, are adequate and usable for the purposes for which they are currently used, are in good operating condition and repair and have been properly maintained.
Fixed Assets. To the extent any Debtor or member of the Asset Co Group (as applicable) grants Transaction Security over its fixed assets it shall be free to deal with those assets in the course of its operations and business and in compliance with the Debt Documents until an Acceleration Event has occurred. No notice whether to third parties or by attaching a notice to the fixed assets or otherwise shall be prepared or given unless an Acceleration Event has occurred and the Security Agent so requests for such notice to be prepared and given. If required under local law, Transaction Security over fixed assets will be registered subject to the general principles set out in these Security Principles. Any Transaction Security over fixed assets will be granted subject to any warehouse or other lien arising by operation of law or by the standard terms of business of the storage or other facility where the relevant assets are located.