Common use of Tangible Assets Clause in Contracts

Tangible Assets. The Company and its Subsidiaries own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conducted. Each such tangible asset has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own or lease all buildingstangible assets, machineryif any, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conducted. Each such tangible asset is free from material defects, has been maintained in accordance with normal industry practice, practice and is in good operating condition and repair, other than where such defects or the failures to have been so maintained or to be in such condition and repair (subject would not individually or in the aggregate reasonably be expected to normal wear and tear), and is suitable for the purposes for which it presently is usedhave a Material Adverse Effect.

Tangible Assets. The Company and its Subsidiaries own or lease all buildingstangible assets, machineryif any, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conducted. Each such tangible asset is free from material defects, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it is presently is used, other than where the failures or defects would not, individually or in the aggregate have a Material Adverse Effect on the Company.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries Subsidiary own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its the Company Subsidiaries own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conductedconducted as of the date of this Agreement. Each such tangible asset is free from material defects (patent and latent), has been maintained substantially in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is usedused as of the date of this Agreement.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each To the Company's knowledge, each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own each Subsidiary owns or lease leases all buildingspremises, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses the business as presently conducted or as proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is usedused currently. The Intellectual Property is not subject, also after the completion of the transaction contemplated in this Agreement, to any constraints or limitations.

Tangible Assets. The Each Company and its Subsidiaries own owns or lease leases all buildingsbuildings , machinery, equipment, equipment and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset is free from material defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used. Schedule 5.15 sets forth a list of all material items of tangible assets of each Company.

Tangible Assets. The Company and its Subsidiaries own owns, leases or lease licenses all buildings, machinery, equipment, and other tangible assets and System necessary for the conduct of their respective its businesses as presently conducted and as presently proposed to be conducted. Each To the knowledge of Seller, each such tangible asset or System is free from defects (patent and latent), has been maintained in accordance with manufacturer guidelines and normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted and as presently proposed to be conducted). Each To the Knowledge of the Seller and the directors and officers of the Company, each such tangible asset has been maintained in accordance with normal industry practice, practice and is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets that the Company deems necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, and is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, --------------- equipment, and other tangible assets necessary for the conduct of their respective its businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own Each of the Companies owns or lease leases all buildings, machinery, equipment, and other tangible assets assets, as applicable, necessary for the conduct of their respective businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own or lease all buildings, Improvements, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses business as presently conducted. Each Any such material tangible asset has been maintained is free from any material defects (patent and latent) and in accordance with normal industry practice, all material respects is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses the Business as presently conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used. The Company will need to acquire additional machinery, equipment and other tangible assets to operate the Business as presently proposed to be conducted.

Tangible Assets. The Company and its Subsidiaries Each of the Companies own or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from material defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective its businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used, except for assets surplus to reasonable business needs of the Company.

Tangible Assets. The Company and its Subsidiaries own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses the Business as presently conducted. Each such tangible asset is free from any known material defects, has been maintained in accordance with normal industry practice, is in good normal operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.. (o)

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective its businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and, to the Seller's Knowledge, latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own or lease all buildings, machinery, equipment, and other tangible assets that the Company and its Subsidiaries own and lease include all tangible assets necessary for the Company and its Subsidiaries to conduct of their respective businesses as presently conducted. Each such tangible asset has , are suitable for the purposes for which they are presently used, are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, is are in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is usedare free and clear of all Security Interests.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary in all material respects for the conduct of their respective businesses its business as presently conducted. Each Except as set forth in Section 4.14 of the Company Disclosure Schedule, each such tangible asset is free from material defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, equipment and other tangible assets reasonably necessary for the conduct of their respective businesses its business as presently conducted. Each such The tangible asset has been maintained in accordance with normal industry practiceassets of the Company, is taken as a whole, are in good operating condition and repair (subject to normal wear and tear), and is are suitable for the purposes for which it they presently is are used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets --------------- necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset is free from defects, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), ) and is suitable for the purposes for which it presently is used. No asset of the Company (tangible or intangible) is subject to any Security Interest.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, --------------- equipment, vehicles and other tangible assets necessary for the conduct of their respective its businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset is free from material defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used. Schedule 5.15 sets forth a list of all material items of tangible assets of the Company, including the location thereof.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildingsoffice space, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted and as presently proposed to be conducted. Each To the Knowledge of Seller, each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildingspremises, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted and as presently proposed to be conducted. Each To the Knowledge of the Seller, each such tangible asset is free from defects, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company Companies and its the Subsidiaries own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses the Business as presently conducted. Each To the Knowledge of the Sellers, each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company ▇▇▇▇▇▇ and its Subsidiaries own or lease all buildings, machinery, equipment, and nd other tangible assets necessary for the conduct of their respective businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries Subsidiary own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses the Business as presently conducted. Each such tangible asset is, to the Knowledge of the Company, free from any material defects, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and teartear and taking into account its age), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset is free from defects (patent and latent) and Security Interests, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each Except as set forth in Section 4.17 of the Company Disclosure Schedule, each such tangible asset is free from material defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries Companies own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conducted. Each To the Seller's knowledge, each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used. There are no professional appraisals of any material property of the Companies.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective its businesses as presently conducted. Each such tangible asset is free from material defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used. A defect shall be deemed "material" if the cost of repair or replacement exceeds $5,000.

Tangible Assets. The Company owns or leases all tangible, real and its Subsidiaries own or lease all buildings, machinery, equipment, personal property and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from security interests and defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject only to normal wear and tear), and is suitable for the purposes for which it presently is used. The assets of the Company include all assets material to the conduct of the business of the Company as presently conducted.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary required for the conduct of their respective businesses its business as presently conducted. Each such tangible asset asset, except for used equipment held for resale, is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses the Business as presently conducted. Each such tangible asset is free from any known material defects, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective its businesses as presently currently conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently currently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all land, buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset asset, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and tear)and is presumably suitable for the purposes for which it presently is used.

Tangible Assets. The Company and each of its Subsidiaries own or lease all buildings, machinery, equipment, and other material tangible assets necessary for the conduct of their respective businesses the operations of the Business as presently conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good reasonable operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own or lease all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their respective businesses business as presently conducted. Each such tangible asset has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), ) and is suitable for the purposes for which it presently is used.

Tangible Assets. The Acquired Company and its Subsidiaries own owns or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses Businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is usedused and free from defects (patent and latent). The assets of the Acquired Company at the Closing will be sufficient to permit the Buyer to operate the Business as currently conducted.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its Business as presently conducted. Each such tangible asset is free from material defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease all leases an buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own or lease all --------------- buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildingstangible assets, machineryif any, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset has been maintained in accordance with normal industry practiceis free from material defects, is in good operating condition and repair and has been properly maintained (subject given due account to normal the age and length of use of same, ordinary wear and tear), tear excepted) and is suitable for the purposes for which it is presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective its businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from Security Interests and defects (patent and latent), has been maintained in accordance with normal industry practice, practice is in good operating condition and repair (subject to normal wear and tear), and and, is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, improvements, furniture, fixtures and other tangible assets necessary for the conduct of their respective its businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective its businesses as presently currently conducted. Each such tangible asset has been maintained is in accordance with normal industry practicea good state of maintenance and repair, is free from material defects and in good operating condition and repair (subject to normal wear and tear), ) and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, material machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. Each such tangible asset actually used is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used, in each case in all material respects.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted. All agreements pursuant to which any such assets are leased are set forth in ss.4(o) of the Disclosure Schedule. Each such material tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildings, machinery, equipment, equipment and other tangible assets necessary for the conduct of their respective businesses the Business as presently conducted. Each Except as disclosed in Schedule 4.8, each such tangible asset is free from material defects, has been maintained substantially in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), ) and is suitable for the purposes for which it presently is used. The Acquired Assets will be sufficient to permit the Purchaser to operate the Business as presently conducted.

Tangible Assets. The Company ▇▇▇▇▇▇ Group and its Subsidiaries own or lease all buildings, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from material defects, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

Tangible Assets. The Company and its Subsidiaries own owns or lease leases all buildingspremises, machinery, equipment, and other tangible assets necessary for the conduct of their respective businesses its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects, has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.