Common use of Equipment and Other Tangible Property Clause in Contracts

Equipment and Other Tangible Property. The Companies' equipment, furniture, machinery, vehicles, structures, fixtures and other tangible property related to the Business and included in the Financial Statements or as listed in the Disclosure Schedule shall, as of the Closing Date, be in all material respects suitable for the purposes for which intended and in good operating condition and repair consistent with normal industry standards, except for reasonable and ordinary wear and tear.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Imperial Industries Inc), Asset Purchase Agreement (Imperial Industries Inc)

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Equipment and Other Tangible Property. The Companies' Company's equipment, furniture, machinery, vehicles, structures, fixtures and other tangible property related to the Business and included in the Financial Statements or as listed in the Disclosure Schedule shall, as of the Closing Date, be in all material respects suitable for the purposes for which intended and in good operating condition and repair consistent with normal industry standards, except for reasonable and ordinary wear and tear.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Renex Corp)

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Equipment and Other Tangible Property. The Companies' Company's equipment, furniture, machinery, vehicles, structures, fixtures and other tangible property related to the Business and included in the Financial Statements or as listed in any schedule to the Disclosure Schedule and which are included in the Assets shall, as of the Closing Date, be in all material respects suitable for the purposes for which intended and in general good operating condition and repair consistent with normal industry standards, except for reasonable and ordinary wear and tear.

Appears in 1 contract

Samples: Asset Purchase Agreement (Renex Corp)

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