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The Borrower hereby agrees that, in the event it or any Subsidiary fails to pay or cause to be paid any such payment, the Agent may do so on behalf of the Banks after notice to the Borrower and be reimbursed by the Borrower therefor.", "hash": "05098e3463a584e4fdef84ae6ae6b94e", "id": 6}, {"samples": [{"hash": "rvMFsFOfyM", "uri": "/contracts/rvMFsFOfyM#good-condition", "label": "Merger Agreement (Hauser Chemical Research Inc)", "score": 18.0, "published": true}, {"hash": "aXK7JNDwplY", "uri": "/contracts/aXK7JNDwplY#good-condition", "label": "Merger Agreement (Zuellig Group N a Inc)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "the-buildings", "type": "clause", "offset": [0, 13]}, {"key": "other-improvements", "type": "definition", "offset": [74, 92]}, {"key": "other-tangible-property", "type": "clause", "offset": [160, 183]}, {"key": "owned-by", "type": "definition", "offset": [184, 192]}, {"key": "the-contributed-subsidiaries", "type": "clause", "offset": [206, 234]}, {"key": "best-knowledge", "type": "definition", "offset": [287, 301]}, {"key": "in-all-material-respects", "type": "definition", "offset": [303, 327]}, {"key": "condition-and-repair", "type": "clause", "offset": [346, 366]}, {"key": "normal-wear-and-tear", "type": "clause", "offset": [368, 388]}, {"key": "in-the-case", "type": "clause", "offset": [404, 415]}, {"key": "the-subsidiary", "type": "clause", "offset": [454, 468]}, {"key": "real-properties", "type": "definition", "offset": [469, 484]}, {"key": "current-use", "type": "definition", "offset": [650, 661]}, {"key": "notice-of", "type": "clause", "offset": [719, 728]}, {"key": "knowledge-of", "type": "clause", "offset": [742, 754]}, {"key": "condemnation-proceeding", "type": "clause", "offset": [796, 819]}, {"key": "the-assets", "type": "clause", "offset": [848, 858]}], "snippet": "The buildings, facilities, machinery, equipment, furniture, leasehold and other improvements, fixtures, vehicles, structures, any related capitalized items and other tangible property owned by or leased to the Contributed Subsidiaries (i) are to ZGNA's and the Contributed Subsidiaries' best knowledge, in all material respects in good operating condition and repair (normal wear and tear excepted) and, in the case of buildings or structures located on the Subsidiary Real Properties, free of any structural or engineering defects, and (ii) to ZGNA's and the Contributed Subsidiaries' best knowledge, are suitable in all material respects for their current use. ZGNA and the Contributed Subsidiaries have not received notice of, and have no knowledge of, any pending, threatened or contemplated condemnation proceeding or similar taking affecting the assets of the Contributed Subsidiaries (including the Subsidiary Real Properties).", "hash": "0413cd5a45752247a6c27f26d68d9fd2", "id": 9}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihdnb29kLWNvbmRpdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 82, "title": "Good Condition", "children": [["successors-and-assigns-bound", "SUCCESSORS AND ASSIGNS BOUND"], ["entry-upon-premises-review-of-records", "ENTRY UPON PREMISES; REVIEW OF RECORDS"]], "parents": [["affirmative-covenants", "AFFIRMATIVE COVENANTS"], ["representations-and-warranties-of-seller", "Representations and Warranties of Seller"], ["general-definitions", "General Definitions"], ["representations-and-warranties", "Representations and Warranties"], ["definitions", "Definitions"]], "id": "good-condition", "related": [["repair", "Repair", "Repair"], ["wear", "Wear", "Wear"], ["plant-and-equipment", "Plant and Equipment", "Plant and Equipment"], ["furniture-fixtures-and-equipment", "Furniture, Fixtures and Equipment", "Furniture, Fixtures and Equipment"], ["fixtures-and-equipment", "Fixtures and Equipment", "Fixtures and Equipment"]], "related_snippets": [], "updated": "2025-07-07T12:36:22+00:00", "also_ask": ["How can 'Good Condition' be precisely defined to avoid ambiguity and disputes?", "What objective standards or inspection protocols should be included to assess 'Good Condition'?", "What are the most common negotiation pitfalls or leverage points regarding this clause?", "How have courts interpreted 'Good Condition' in similar contracts, and what factors influenced enforceability?", "What remedies or consequences should be specified for breaches of the 'Good Condition' requirement?"], "drafting_tip": "Define 'good condition' with objective criteria to avoid ambiguity; specify inspection procedures to ensure enforceability; require written notice of defects to facilitate timely resolution.", "explanation": "The \"Good Condition\" clause requires that a property, asset, or item be maintained or delivered in a state that is free from significant damage, defects, or excessive wear. In practice, this clause often applies to leased premises, equipment, or goods, obligating the responsible party to keep them clean, functional, and in a state comparable to their original or agreed-upon condition, except for normal wear and tear. Its core function is to ensure that the value and usability of the subject property are preserved throughout the contract period, thereby protecting the interests of the owner or receiving party."}, "json": true, "cursor": ""}}