Common use of Condition of Assets Clause in Contracts

Condition of Assets. The physical assets of the Company are in sound operating condition, there are no material arrears in the maintenance of any such physical assets and the Company believes that its sources of water are adequate to meet its requirements for the foreseeable future.

Appears in 14 contracts

Sources: Eighth Supplement to Note Agreement (California Water Service Group), Note Purchase Agreement (California Water Service Group), Note Purchase Agreement (California Water Service Group)

Condition of Assets. The physical assets of the Company are in sound operating condition, there are no material arrears in the maintenance of any such physical assets which could reasonably be expected to have a material adverse effect on the Company and the Company believes that its sources of water are adequate to meet its requirements for the foreseeable future.

Appears in 2 contracts

Sources: Thirteenth Supplement to Note Agreement (California Water Service Group), Note Purchase Agreement (California Water Service Group)

Condition of Assets. The physical assets of the Company are in sound operating condition, there are no material arrears in the maintenance of any such physical assets and the Company believes that its sources of water are adequate to meet its requirements for the foreseeable future.. 11. Pending

Appears in 1 contract

Sources: Note Agreement (California Water Service Co)