Common use of Condition of Assets Clause in Contracts

Condition of Assets. The tangible personal property included in the Purchased Assets is in good condition and is adequate for the uses to which it is being put, and none of such tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance or repairs that are not material in nature or cost.

Appears in 3 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (Oragenics Inc), Asset Purchase Agreement

Condition of Assets. The tangible personal property included in the Purchased Assets is in good condition and is adequate for the uses to which it is they are being put, and none of such tangible /tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance or and repairs that are not material in nature or cost.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Eightco Holdings Inc.), Asset Purchase Agreement (Global Technologies LTD), Asset Purchase Agreement (Edison Nation, Inc.)

Condition of Assets. The tangible personal property included in the Purchased Assets is in good condition and is adequate for the uses to which it is being put, and none of such tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance or and repairs that are not material in nature or cost.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Allarity Therapeutics, Inc.), Asset Purchase Agreement (Dragonfly Energy Holdings Corp.), Asset Purchase Agreement (AgeX Therapeutics, Inc.)

Condition of Assets. The tangible personal property included in the Purchased Assets is are in good condition and is are adequate for the uses to which it is they are being put, and none of such tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance or and repairs that are not material in nature or cost.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Greenrose Acquisition Corp.), Asset Purchase Agreement (Northern Power Systems Corp.), Asset Purchase Agreement (Northern Power Systems Corp.)

Condition of Assets. The tangible personal property included in the Purchased Assets is in good condition (normal wear and tear excepted) and is adequate for the uses to which it is being put, and none of such tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance or and repairs that are not material in nature or cost.

Appears in 1 contract

Sources: Asset Purchase Agreement (Appliance Recycling Centers of America Inc /Mn)

Condition of Assets. The tangible personal property included in the Purchased Assets is are in good condition operating condition, ordinary wear and is tear excepted, and are adequate for the uses to which it is they are being put, and none of such tangible personal property is are in need of maintenance or repairs except for ordinary, routine maintenance or and repairs that are not material in nature or cost.

Appears in 1 contract

Sources: Asset Purchase Agreement (Intricon Corp)

Condition of Assets. The tangible personal property included in the Purchased Assets is in good condition and is adequate for the uses to which it is they are being put, and none of such tangible /tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance or and repairs that are not material in nature or cost. The Purchased Assets will be delivered to Buyer at Closing in the “AS IS, WHERE IS” condition.

Appears in 1 contract

Sources: Asset Purchase Agreement (Edison Nation, Inc.)

Condition of Assets. The tangible personal property included in the Purchased Assets is is, to Seller’s knowledge, in good condition and is adequate for the uses to which it is being put, and none of such tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance or and repairs that are not material in nature or cost.

Appears in 1 contract

Sources: Asset Purchase Agreement (Mocon Inc)

Condition of Assets. The Assets and tangible personal property included in the Purchased Assets is are in good condition and is are adequate for the uses to which it is they are being put, and none of such Assets or tangible personal property is are in need of maintenance or repairs except for ordinary, routine maintenance or and repairs that are not material in nature or cost.

Appears in 1 contract

Sources: Asset Purchase Agreement (Flowerkist Skin Care & Cosmetics, Inc.)

Condition of Assets. The tangible personal property included in the Purchased Contributed Assets is in good condition and is adequate for the uses to which it is being put, and none of such tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance or and repairs that are not material in nature or cost.

Appears in 1 contract

Sources: Contribution and Sale Agreement (American Residential Properties, Inc.)

Condition of Assets. The tangible personal property Tangible Personal Property included in the Purchased Assets is in good condition and is adequate for the uses to which it is being put, and none of such tangible personal property is in need of maintenance or repairs except for ordinary, routine maintenance or and repairs that are not material in nature or cost.

Appears in 1 contract

Sources: Asset Purchase Agreement (Ecoark Holdings, Inc.)