Common use of Equipment and Other Tangible Property Clause in Contracts

Equipment and Other Tangible Property. (a) The Group owns and has good title to, and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all material machinery, equipment and other tangible property reflected on the books of the Group as owned by the Group, free and clear of all Liens other than Permitted Liens. All material personal property and leased personal property assets of the Group are structurally sound and in good operating condition and repair (ordinary wear and tear expected) and are suitable for their present use.

Appears in 2 contracts

Samples: Business Combination Agreement (Chenghe Acquisition I Co.), Business Combination Agreement (Chenghe Acquisition Co.)

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Equipment and Other Tangible Property. (a) The Each Group Company owns and has good title to, and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all material machinery, equipment and other material tangible property reflected on the books of the such Group Company as owned by the Groupsuch Group Company, free and clear of all Liens other than Permitted Liens. All material personal property and leased personal property assets of each Group Company is, to the knowledge of such Group are Company, structurally sound and in good operating condition and repair (ordinary wear and tear expected) and are suitable for their present use, in all material respects.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Blue World Holdings LTD), Agreement and Plan of Merger (Blue World Acquisition Corp)

Equipment and Other Tangible Property. (a) The Except as set forth in Section 3.19 of the Company Disclosure Schedules, each Group Company owns and has good title to, and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all material machinery, equipment and other tangible property reflected on the books of the Group Companies as owned by the Groupsuch Group Company, free and clear of all Liens other than Permitted Liens. All material personal property and leased personal property assets of the Group Companies are structurally sound and in good operating condition and repair (ordinary wear and tear expectedexcepted) and are suitable for their present use.

Appears in 1 contract

Samples: Business Combination Agreement (Focus Impact BH3 Acquisition Co)

Equipment and Other Tangible Property. (a) The A Group Company owns and has good title to, and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all material machinery, equipment and other material tangible property reflected on the books of the Group Companies as owned by the Groupa Group Company, free and clear of all Liens other than Permitted Liens. All material personal property and leased personal property assets of the Group are Companies are, to the knowledge of the Company, structurally sound and in good operating condition and repair (ordinary wear and tear expected) and are suitable for their present use.

Appears in 1 contract

Samples: Business Combination Agreement (Worldwide Webb Acquisition Corp.)

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Equipment and Other Tangible Property. (a) The Group owns Companies own and has have good title to, and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all material machinery, equipment and other tangible property reflected on the books of the Group Companies as owned by the Groupsuch Group Company, free and clear of all Liens other than Permitted Liens. All material personal property and leased personal property assets of the Group Company and its Subsidiaries are structurally sound and in good operating condition and repair (ordinary wear and tear expectedexcepted) and are suitable for their present use.

Appears in 1 contract

Samples: Business Combination Agreement (Silverbox Engaged Merger Corp I)

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