Common use of Assets in Good Condition Clause in Contracts

Assets in Good Condition. Except as may be stated in Section 3.15 of the Disclosure Schedule for the Merging Company, each material asset of the Merging Company which is a tangible asset is in good working order and condition, reasonable wear and tear excepted.

Appears in 2 contracts

Sources: Merger Agreement (Janex International Inc), Global Merger Agreement (Janex International Inc)