Common use of Sufficiency of Acquired Assets Clause in Contracts

Sufficiency of Acquired Assets. The Acquired Assets constitute all of the material assets used by the Seller in the conduct of the Business, except for the Excluded Assets. The tangible Personal Property included in the Acquired Assets that are used in the conduct of the Business are in good condition and repair, ordinary wear and tear excepted, for property of comparable type, age and usage.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Perficient Inc), Asset Purchase Agreement (Perficient Inc), Asset Purchase Agreement (Perficient Inc)

AutoNDA by SimpleDocs

Sufficiency of Acquired Assets. The Acquired Assets constitute all of the material assets used by the Seller in the conduct of the Business, except Except for the Excluded Assets. The tangible Personal Property included in , the Acquired Assets that are comprise all of the assets, properties and rights of every type and description (other than real property) (i) used or developed by Seller required for or used in the conduct Business or (ii) necessary to the operation of the Business are in good condition and repair, ordinary wear and tear excepted, for property of comparable type, age and usageby Buyer following the Closing.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Sirenza Microdevices Inc), Asset Purchase Agreement (Sirenza Microdevices Inc), Asset Purchase Agreement (Vari L Co Inc)

Sufficiency of Acquired Assets. The Acquired Assets constitute comprise all of the material assets assets, properties and rights of every type and description, real, personal, tangible and intangible used by the Seller in the conduct of the Business, except for the Excluded Assets. The tangible Personal Property included in the Acquired Assets that are used in the conduct of the Business are in good condition and repair, ordinary wear and tear excepted, for property of comparable type, age and usage.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cholestech Corporation), Asset Purchase Agreement (Cholestech Corporation)

Sufficiency of Acquired Assets. The Acquired Assets constitute all of the material assets used by the Seller in the conduct of the Business, except for the Excluded Assets. The Business is conducted through the Seller only and not through any of its subsidiaries. The tangible Personal Property included in the Acquired Assets that are used in the conduct of the Business are in good condition and repair, ordinary wear and tear excepted, for property of comparable type, age and usage.

Appears in 1 contract

Samples: Asset Purchase Agreement (Perficient Inc)

AutoNDA by SimpleDocs

Sufficiency of Acquired Assets. The Acquired Assets constitute comprise all of the material assets assets, properties and rights of every type and description, whether real or personal, tangible or intangible, used by the Seller in or necessary for the conduct of the Business, except for the Excluded Assets. The tangible Personal Property included in the Acquired Assets are adequate to conduct the Business. The Excluded Assets do not include any asset, property or right, of any type or description, whether real or personal, tangible or intangible, that are is used in or necessary for the conduct of the Business are in good condition and repair, ordinary wear and tear excepted, for property of comparable type, age and usageBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Stemcells Inc)

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