Common use of Condition of Purchased Assets Clause in Contracts

Condition of Purchased Assets. The Purchased Assets are in good repair and working condition, normal wear and tear excepted, are suited for the uses currently intended, are in conformity with all applicable laws, ordinances, rules and regulations and are in good saleable condition, normal wear and tear excepted.

Appears in 4 contracts

Sources: Asset Purchase Agreement (Trinity Biotech PLC), Asset Purchase Agreement (Trinity Biotech PLC), Asset Purchase Agreement (Mer Telemanagement Solutions LTD)

Condition of Purchased Assets. The Purchased Assets Assets, other than the Real Property, are in good repair operating condition and working conditionrepair, subject to normal wear and tear exceptedtear, are suited owned and are being used, maintained, and operated, in all material respects, in compliance with Laws and are adequate for the uses currently intended, to which they are in conformity with all applicable laws, ordinances, rules and regulations and are in good saleable condition, normal wear and tear exceptedbeing put.

Appears in 1 contract

Sources: Asset Purchase Agreement (M.D.C. Holdings, Inc.)

Condition of Purchased Assets. The Purchased Assets are in good repair and working condition, normal wear and tear excepted, are suited for the uses currently intended, and are in conformity with all applicable laws, ordinances, rules and regulations and are in good saleable condition, normal wear and tear exceptedregulations.

Appears in 1 contract

Sources: Asset Purchase Agreement (First Virtual Communications Inc)

Condition of Purchased Assets. The Purchased Assets are in good repair and working condition, normal wear and tear excepted, are suited for the uses currently intended, and are in conformity with all applicable laws, ordinances, rules and regulations and are regulations. Equipment included in the Purchased Assets is in good saleable conditionworking order, normal wear and tear excepted.

Appears in 1 contract

Sources: Asset Purchase Agreement (Young Innovations Inc)

Condition of Purchased Assets. The Purchased Assets are in good repair and working condition, normal wear and tear excepted, are suited for the uses currently intendedtheir current uses, are in conformity with all material applicable laws, ordinances, rules and regulations and are in good saleable merchantable condition, normal wear and tear excepted.

Appears in 1 contract

Sources: Asset Purchase Agreement (Mer Telemanagement Solutions LTD)

Condition of Purchased Assets. The All of the Purchased Assets are in good repair operating condition and working conditionrepair, normal ordinary wear and tear excepted, are suited and in the state of maintenance, repair and operating condition required for the uses currently intended, are in conformity with all applicable laws, ordinances, rules proper operation and regulations and are in good saleable condition, normal wear and tear excepteduse thereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Lateral Media, Inc.)