Common use of Real Property and Equipment Clause in Contracts

Real Property and Equipment. The Real Property and Equipment, taken as a whole, are in good operating condition and repair and are adequate in all material respects for the uses for which they are being put, normal wear and tear excepted. The Disclosure Schedule contains a true and complete list of all Real Property.

Real Property and Equipment. The Real Property and Equipment, taken as a whole, are in good operating condition and repair and are adequate in all material respects for the uses for which they are being put, normal wear and tear excepted. No such asset is in need of maintenance or repair, except for routine maintenance and repairs that are not material in nature or cost. The Disclosure Schedule contains a true and complete list of all Real Property.