Machinery and Equipment. The machinery and equipment owned and/or used by the Borrower and the Subsidiaries is, as to each individual material item of machinery and equipment, and in the aggregate as to all such equipment, in good and usable condition and in a state of good maintenance and repair (reasonable wear and tear excepted), and adequate for its use in the Business Operations.
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Samples: Secured Revolving Credit Agreement (XZERES Corp.), Revolving Credit and Term Loan Agreement (Mam Software Group, Inc.), Amended And (Crdentia Corp)
Machinery and Equipment. The machinery and equipment owned and/or used by the Borrower and the Subsidiaries Loan Parties is, as to each individual material item of machinery and equipment, and in the aggregate as to all such material machinery and equipment, in good and usable condition and in a state of good maintenance and repair (reasonable wear and tear excepted), and adequate for its use in the Business Operations.
Appears in 3 contracts
Samples: Credit Agreement (LIVE VENTURES Inc), Credit Agreement (LIVE VENTURES Inc), Assignment Agreement (LIVE VENTURES Inc)
Machinery and Equipment. The machinery and equipment owned and/or used by the Borrower and the Subsidiaries is, as to each individual material item of machinery and equipment, and in the aggregate as to all such equipment, in good and usable condition and in a state of good maintenance and repair (reasonable wear and tear excepted), and adequate for its use in the Business Operations.. All of such machinery and equipment has been inspected and maintained at all times and from time to time in accordance with all Applicable Law and applicable manufacturers’ warranties, specifications and recommendations
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (General Environmental Management, Inc), Revolving Credit and Term Loan Agreement (CVC California LLC), Revolving Credit and Term Loan Agreement (General Environmental Management, Inc)
Machinery and Equipment. The To the best of Borrower's knowledge, the aircraft, engines, other personal property used in the Business, including the machinery and equipment owned and/or used by the Borrower and the Subsidiaries is, as to each individual material item of machinery and equipment, and in the aggregate as to all such machinery and equipment, in good and usable condition and in a state of good maintenance and repair (reasonable wear and tear excepted), and adequate for its use in the Business Operations.
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Machinery and Equipment. The machinery and equipment owned and/or used by the Borrower and the Subsidiaries is, as to each individual material item of machinery and equipment, and in the aggregate as to all such machinery and equipment, in good and usable condition and in a state of good maintenance and repair (reasonable wear and tear excepted), and adequate for its use in the Business Operations.
Appears in 1 contract
Samples: Revolving Credit Agreement (General Environmental Management, Inc)
Machinery and Equipment. The machinery and equipment owned and/or used by the Borrower Company and the Subsidiaries is, as to each individual material item of machinery and equipment, and in the aggregate as to all such equipment, in good and usable condition and in a state of good maintenance and repair (reasonable wear and tear excepted), and adequate for its use in the Business Operationsits business operations.
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