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Common use of Condition of the Purchased Assets Clause in Contracts

Condition of the Purchased Assets. All of the tangible Purchased Assets are free from material defects and are in good operating condition and repair, normal wear and tear excepted.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Calibrus, Inc.), Asset Purchase Agreement (Calibrus, Inc.)

Related Clauses

  • Condition of the Property
  • Condition of Purchased Assets
  • Condition of the Business
  • Purchased Assets
  • Purchase and Sale of the Purchased Assets

Parent Clauses

  • REPRESENTATIONS AND WARRANTIES OF PURCHASER
  • Covenants
  • No Other Representations or Warranties; Schedules
  • REPRESENTATIONS AND WARRANTIES OF SELLER
  • REPRESENTATIONS AND WARRANTIES OF PURCHASER AND PARENT

Sub-Clauses

  • Further Assurances
  • PAVING
  • CAPITAL IMPROVEMENTS
  • MAINTENANCE, REPAIRS, AND REPLACMENT
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