Common use of Tangible Property Clause in Contracts

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.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Affiliated Computer Services Inc), Agreement and Plan of Merger (Superior Consultant Holdings Corp)

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Tangible Property. All material Tangible Property of each of the Acquired Companies, wherever located, is, in the aggregate: , (ai) suitable, in all material respects, for the uses for which it is employed and (bii) in satisfactory operating condition in all material respects (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.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Sungard Data Systems Inc), Agreement and Plan of Merger (Hte Inc)

Tangible Property. All material Tangible Property of each of the Acquired Companies, wherever located, is, in the aggregate: , (ai) suitable, in all material respects, for the uses for which it is employed and (bii) 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.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Caminus Corp)

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Tangible Property. All Except as set forth in Section 3.10 of the Company Disclosure Letter, all material Tangible Property of each of the Acquired Companies, wherever located, is, in the aggregate: (a) suitable, aggregate and in all material respects, (i) suitable for the uses for which it is employed and (bii) 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.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Systems & Computer Technology Corp)

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