Condition of the Assets. At the time of Closing, the Assets shall be in good and marketable condition, suitable for the uses for which they were intended and, reasonable wear and tear excepted, shall be free of any material defect.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (United Film Partners Inc), Agreement and Plan of Reorganization (Micro Hydro Power Inc)
Condition of the Assets. At the time of Closing, all components of the Assets Purchased Assets, as applicable, shall be in good and marketable condition, suitable for the uses for which they were each was intended and, reasonable wear and tear excepted, shall be free of any material defect.
Appears in 1 contract