Common use of Tangible Property Clause in Contracts

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.

Appears in 6 contracts

Samples: Agreement and Plan of Merger (Oakmont Acquisition Corp.), Agreement and Plan of Merger (Brooke Corp), Agreement and Plan of Merger (Oakmont Acquisition Corp.)

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Tangible Property. The Company has and the Subsidiaries have 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 their respective business and operations, free and clear of any Encumbrances other than Permitted Encumbrances. All of the assets, owned or leased by the Company or any Subsidiary are in good working order, ordinary wear and tear excepted, and suitable for the purposes for which they are being used.

Appears in 1 contract

Samples: Stock Purchase Agreement (Crawford & Co)

Tangible Property. The Company has and the Subsidiaries have 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 their respective business and operations, free and clear of any Encumbrances other than Permitted Encumbrances. All of the assets, owned or leased by the Company or any Subsidiary are in good working order, ordinary wear and tear excepted, and suitable for the purposes for which they are being used.. 3.15

Appears in 1 contract

Samples: Stock Purchase Agreement

Tangible Property. The Company has good and marketable title to, or a valid leasehold interest in, in all equipment, furniture and other tangible assets used in the ordinary course of its business and operationsoperations as shown in the Most Recent Financial Statements, free and clear of any Encumbrances other than Permitted Encumbrances. All of the tangible assets, owned or leased by the Company are in good working order, ordinary wear and tear excepted, and are suitable for the purposes for which they are being used.

Appears in 1 contract

Samples: Stock Purchase Agreement (Xata Corp /Mn/)

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Tangible Property. The Company has good and marketable valid title to, or a or, in the case of leased properties and assets, valid leasehold interest interests in, all equipment, furniture and other tangible assets used in the ordinary course of its business material tangible properties and operationsassets, real, personal and mixed, used or held for use in its business, free and clear of any Encumbrances other than Liens, except for Permitted EncumbrancesLiens. All The material items of the assets, equipment owned or leased by the Company (i) are adequate for the conduct of the business of the Company as currently conducted and (ii) in good working orderoperating condition, ordinary regularly and properly maintained, subject to normal wear and tear excepted, and suitable for the purposes for which they are being usedtear.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (FireEye, Inc.)

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