Common use of Leased Personal Property Clause in Contracts

Leased Personal Property. Schedule 4.13(b) lists as of the Signing Date all the leases of personal property to which any Acquired Company is a party. All of the leases on Schedule 4.13(b) and any leases of personal property entered into after the Signing Date in accordance with Section 6.3 (collectively, the "PERSONAL PROPERTY LEASES") are valid, binding and in full force and effect. No Acquired Company nor, to Sellers' Knowledge, any other Person is in default under any Personal Property Lease, nor is there any event which with notice or lapse of time, or both, would constitute a default thereunder by Company or any other Person. True and complete copies of all the Personal Property Leases and any amendments thereto have been provided to Purchaser prior to the Signing Date.

Leased Personal Property. Schedule 4.13(b) lists as of the Signing Date all the leases of personal property used in the Business to which any Acquired Company Seller is a party. All of the leases on Schedule 4.13(b) and any leases of personal property entered into after the Signing Date in accordance with Section 6.3 (collectively, the "PERSONAL PROPERTY LEASES") are valid, binding and in full force and effect. No Acquired Company Neither Seller nor, to Sellers' Seller's Knowledge, any other Person is in default under any Personal Property Lease, nor is there any event which with notice or lapse of time, or both, would constitute a default thereunder by Company Seller or any other Person. True and complete copies of all the Personal Property Leases and any amendments thereto have been provided to Purchaser prior to the Signing Date.