Common use of Assets in Good Condition Clause in Contracts

Assets in Good Condition. All the material physical assets of each Loan Party and its respective Subsidiaries are in good operating condition and in a state of good maintenance and repair subject to the usual wear and tear for assets of that age.

Assets in Good Condition. All the material physical assets of each Loan Party and its respective Subsidiaries are in good operating condition and in a state of good maintenance and repair subject to the usual wear and tear for assets of that age.