Common use of Condition and Sufficiency of Tangible Assets Clause in Contracts

Condition and Sufficiency of Tangible Assets. The furniture, fixtures, equipment, machinery, vehicles and other items of tangible personal property of the Company are in good operating condition and repair, reasonable wear and tear excepted, and are adequate for the conduct of the Business as currently conducted. None of such furniture, fixtures, equipment and other items of tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The operation of the Company’s business as it has been conducted by the Company since December 31, 2017 is not dependent upon the right to use the furniture, fixtures, machinery, equipment, vehicles, computer systems and other items of tangible personal property of Persons other than the Company, except for such furniture, fixtures, machinery, equipment, vehicles, computer systems and other items of tangible personal property that are leased, licensed or otherwise contracted to the Company. The furniture, fixtures, equipment and other items of tangible personal property currently owned or leased by the Company, together with all other properties and assets of the Company, are sufficient for the continued conduct of the Company’s business after the Closing in substantially the same manner as conducted prior to the Closing and constitute all of the rights, property and assets necessary to conduct the business of the Company as currently conducted. All furniture, fixtures, equipment and other items of tangible personal property of the Company are set forth on Section 3.10 of the Disclosures Schedules.

Condition and Sufficiency of Tangible Assets. The buildings, structures, furniture, fixtures, equipment, machinery, vehicles and other items of tangible personal property of the Company are in good operating condition and repair, reasonable wear and tear excepted, repair and are adequate for the conduct of the Business as currently conducteduses to which they are being put. None of such furniture, fixtures, equipment and other items of tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The operation of the Company’s 's business as it has been conducted by the Company since December 31, 2017 is not dependent upon the right to use the buildings, plants, structures, furniture, fixtures, machinery, equipment, vehicles, computer systems and other items of tangible personal property of Persons other than the Company, except for such buildings, plants, structures, furniture, fixtures, machinery, equipment, vehicles, computer systems and other items of tangible personal property that are leased, licensed or otherwise contracted to the Company. The furniture, fixtures, equipment and other items of tangible personal property currently owned or leased by the Company, together with all other properties and assets of the Company, are sufficient for the continued conduct of the Company’s 's business after the Closing in substantially the same manner as conducted prior to the Closing and constitute all of the rights, property and assets necessary to conduct the business of the Company as currently conducted. All furniture, fixtures, equipment and other items of tangible personal property of the Company are set forth on Section 3.10 of the Disclosures Schedules.