Common use of Condition of Personal Property Clause in Contracts

Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of the Company are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of the Company or required to be used in the ordinary course of business are in good, merchantable merchantable, or in reasonably reasonable repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all All of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of the Company or required to be used in the ordinary course of business are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all All of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Condition of Personal Property. All material tangible personal property, equipment, equipment and fixtures and inventories included within the assets of the Company or contemplated to be used in the ordinary course of business are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best All of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are is well maintained and in good operating condition, reasonable wear and tear excepted.

Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of Seller or required to be used in the Company ordinary course of business are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all All of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets Assets or required to be used in the ordinary course of the Company Seller's business are in good, merchantable or in reasonably repairable good condition and are suitable for the purposes for which they are being used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of the Company or required to be used in the ordinary course of business are in good, merchantable or in reasonably repairable condition condition, ordinary wear and tear excepted, and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all of the inventories inventories; and equipment, including equipment leased to others, are is well maintained and in good operating condition. The Company maintains inventories which are adequate (as to quantities, model mix and features) for its level of business.

Condition of Personal Property. All tangible personal property, ------------------------------- equipment, fixtures and inventories included within the assets of the Company are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

Condition of Personal Property. All tangible personal property, equipment, fixtures and inventories included within the assets of Budget Opticals or required to be used in the Company ordinary course of business are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all All of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.