Tangible Property. (i) mechanical systems, fixtures and equipment comprising a part of or attached to or located upon the Improvements,
Tangible Property. Except for specific items which may be owned by independent contractors, the machinery, equipment, fixtures, tools and supplies used in connection with the Resort, including without limitation, with respect to the operations and maintenance of the Common Elements, are owned either by Borrower, Silverleaf Club, or the applicable Timeshare Owners’ Association.
Tangible Property. The buildings, facilities, machinery, equipment, computers, furniture, leasehold and other improvements, fixtures, vehicles, structures, any related capitalized items and other tangible property related to the Business, other than Inventory (the “Tangible Property”) are in satisfactory operating condition and repair (normal wear and tear excepted) and are subject to continued repair and replacement in accordance with past practice. Since the inception of the Seller, there has not been any significant interruption of the Business due to inadequate maintenance of the Tangible Property.
Tangible Property. The Company has good and marketable title to, or a valid leasehold interest in, all equipment, furniture and other tangible assets used in the ordinary course of its business and operations, free and clear of any Encumbrances other than Permitted Encumbrances. All of the assets, owned or leased by the Company are in good working order, ordinary wear and tear excepted, and suitable for the purposes for which they are being used.
Tangible Property. With respect to the tangible properties and assets of the Company and its Subsidiaries (excluding real property) that are material to the conduct of the businesses of the Company and its Subsidiaries, the Company and its Subsidiaries have good title to, or hold pursuant to valid and enforceable leases, all such properties and assets, with only such exceptions as, individually or in the aggregate, would not have a Material Adverse Effect on the Company. All of the assets of the Company and its Subsidiaries have been maintained and repaired for their continued operation and are in good operating condition, reasonable wear and tear excepted, and usable in the ordinary course of business, except where the failure to be in such repair or condition or so usable would not individually or in the aggregate have a Material Adverse Effect on the Company.
Tangible Property. Synacor and each of its Subsidiaries have good and valid title to, or a valid leasehold interest in, all the tangible properties and assets which it purports to own or lease, including all the tangible properties and assets reflected in the Synacor Balance Sheet. All tangible properties and assets reflected in the Synacor Balance Sheet are held free and clear of all Liens, except for Liens reflected on the Synacor Balance Sheet and Liens for current Taxes not yet due and for which adequate reserves have been established in accordance with GAAP and other Liens that do not materially impair the use of the property or assets subject thereto. The machinery, equipment, furniture, fixtures and other tangible personal property and assets owned, leased or used by Synacor or any of its Subsidiaries are, in the aggregate, sufficient and adequate to carry on their respective businesses in all material respects as conducted as of the date hereof, and Synacor and its Subsidiaries are in possession of and have good title to, or valid leasehold interests in or valid rights under contract to use, such machinery, equipment, furniture, fixtures and other tangible personal property and assets that are material to Synacor and its Subsidiaries, taken as a whole, free and clear of all Liens, except for conditions or defects in title that in the aggregate would not be reasonably likely to result in a Synacor Material Adverse Effect.
Tangible Property. 20 Section 5.31
Tangible Property. All material Tangible Property of each of the Acquired Companies, wherever located, is, in the aggregate: (a) suitable, in all material respects, for the uses for which it is employed and (b) in satisfactory operating condition (except for ordinary wear and tear), other than surplus, obsolete and unwanted assets in the ordinary course of business which has previously been written off as of the Latest Balance Sheet.
Tangible Property. All tangible property included in the Purchased Assets and all items of tangible property leased under leases to be assumed by the Buyer (a) are in good operating order, condition and repair; (b) are suitable for immediate use in the ordinary course of business of the Garland Business; and (c) are free from defects, in each case in all material respects.