Common use of Tangible Assets Clause in Contracts

Tangible Assets. Seller owns or leases all machinery, equipment, and other tangible assets used in the operation of Seller’s Business. Each tangible asset used in the operation of Seller’s Business is free from defects (patent and latent) that would adversely affect the operation of the tangible asset, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes of the Business.56

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, and other tangible assets used in the operation conduct of Seller’s Businessits businesses as presently conducted. Each such tangible asset used in the operation of Seller’s Business is free from defects (patent and latent) that would adversely affect the operation of the tangible asset, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and as currently used by Seller is suitable for the purposes of the Business.56for which it is presently used and is free from known defects,

Tangible Assets. Seller owns or leases all machinerybuildings, equipment, machinery and other tangible assets used necessary for the conduct of the Acquired Business as presently conducted. Each tangible Purchased Asset is in good repair and good operating condition, ordinary wear and tear excepted, is suitable for use in the operation ordinary course of Seller’s Business. Each tangible asset used in the operation of Seller’s Business business and is free from defects (patent and latent) that would adversely affect the operation of the tangible asset, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes of the Business.56latent defects.

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, and other tangible assets used in necessary for the operation conduct of Seller’s Businessits business as presently conducted. Each such tangible asset used in the operation of Seller’s Business is free from defects (patent and latent) that would adversely affect to the operation Knowledge of the tangible assetSeller, has been maintained in accordance with normal industry practice, is in good normal operating condition and repair (subject to normal wear and tear), and is suitable for the purposes of the Business.56for which it presently is being used.

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, and other tangible assets used in necessary for the operation conduct of Seller’s Businessits business as presently conducted. Each tangible asset used in the operation of Seller’s Business Tangible Asset is free from defects (patent and latent) that would adversely affect the operation of the tangible asset), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes of the Business.56for which it presently is used.

Tangible Assets. Each Seller owns or leases all machinery, equipment, and other tangible assets used in among the operation of Seller’s BusinessAcquired Assets to be sold by such Seller hereunder. Each such tangible asset used in the operation of Seller’s Business is free from defects (patent and latent) that would adversely affect the operation of the tangible asset), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes of the Business.56for which it presently is used and presently is proposed to be used.

Tangible Assets. The Seller owns or leases all machinery, equipment, and other tangible assets used in necessary for the operation conduct of Seller’s the Seller Business, other than real property. Each such tangible asset used in the operation of Seller’s Business is free from material defects (patent and latent) that would adversely affect the operation of the tangible asset), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes of the Business.56for which it presently is used and presently is proposed to be used.

Tangible Assets. The Seller owns or leases all buildings, machinery, equipment, and other tangible assets used in the operation conduct of Seller’s Businessthe OpTest business. Each such tangible asset used in the operation of Seller’s Business is free from material defects (patent and latent) that would adversely affect the operation of the tangible asset), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes of the Business.56for which it presently is used.

Tangible Assets. Seller owns or leases all machinery, equipment, equipment and other tangible assets used in necessary for the operation conduct of Seller’s Businessthe Business as presently conducted. Each such tangible asset used in the operation of Seller’s Business is free from defects (patent and latent) that would adversely affect the operation of the tangible asset), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes of the Business.56for which it presently is used.

Tangible Assets. Seller owns or leases all machinery, equipment, and other tangible assets used in necessary for the operation conduct of Seller’s Businessthe Business as presently conducted. Each such tangible asset used in the operation of Seller’s Business is free from defects (patent and latent) that would adversely affect the operation of the tangible asset, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes of the Business.56for which it is presently used and which it is proposed to be used.

Tangible Assets. Seller owns or leases all machinery, equipment, and other tangible assets used in necessary for the operation conduct of Seller’s Businessits business as presently conducted. Each such tangible asset used in the operation of Seller’s Business is free from defects (patent and latent) that would adversely affect the operation of the tangible asset), has been maintained in accordance with Seller’s normal industry practice, is in good operating condition and repair (subject to normal wear and tear)operating, and is suitable for the purposes for which it presently is used. Seller owns all of the Business.56Acquired Assets; none of the Acquired Assets are leased.