Assets in Good Condition. All the material physical assets of Borrower and the 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.
Appears in 3 contracts
Sources: Loan and Security Agreement (Xactly Corp), Loan and Security Agreement (Xactly Corp), Loan and Security Agreement (Xactly Corp)
Assets in Good Condition. All the material physical assets of the Borrower and the 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.
Appears in 1 contract
Sources: Loan and Security Agreement (GlassHouse Technologies Inc)