Condition of Fixed Assets and Equipment. of the Sun Schedule contains a list of all material fixed assets and equipment used in the conduct of the business of Sun and the Sun Subsidiaries as of the Balance Sheet Date. Each such item of fixed assets and equipment having a net book value in excess of $75,000 is, to Sun’s knowledge, in good operating condition and repair, normal wear and tear excepted.
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Sources: Merger Agreement (Sun Bancorp Inc)
Condition of Fixed Assets and Equipment. of the Sun Schedule contains a list of all material fixed assets and equipment used in the conduct of the business of Sun and the Sun Subsidiaries as of the Balance Sheet Date. Each such item of fixed assets and equipment having a net book value in excess of $75,000 is, to Sun’s 's knowledge, in good operating condition and repair, normal wear and tear excepted.
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