Common use of Tangible Assets Clause in Contracts

Tangible Assets. The machinery, equipment, and other tangible assets that Target owns and leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 5 contracts

Sources: Stock Purchase Agreement (Caneum Inc), Stock Purchase Agreement (Caneum Inc), Stock for Stock Exchange Agreement (Caneum Inc)

Tangible Assets. The machinery, equipment, and other tangible assets that Target owns and or leases are set forth on the Most Recent Balance Sheet, are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 3 contracts

Sources: Equity Interest Purchase Agreement (Upexi, Inc.), Equity Interest Purchase Agreement (Grove, Inc.), Stock Purchase Agreement (General Employment Enterprises Inc)

Tangible Assets. The machinery, equipment, and other tangible assets that Target owns and or leases are set forth on the Most Recent Balance Sheet are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 2 contracts

Sources: Stock Purchase Agreement (XSport Global, Inc.), Stock Purchase Agreement (General Employment Enterprises Inc)

Tangible Assets. The buildings, machinery, equipment, and other tangible assets that Target owns and leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 2 contracts

Sources: Stock Purchase Agreement (Renegade Venture Nev Corp), Stock Purchase Agreement (Renegade Venture Nev Corp)

Tangible Assets. The machinery, equipment, and other tangible assets that Target owns and leases are free from material defects (patent and latentpatent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 2 contracts

Sources: Agreement to Purchase Stock (Caneum Inc), Agreement to Purchase Stock (Caneum Inc)

Tangible Assets. The buildings, machinery, equipment, and other tangible assets that Target owns and leases its Subsidiaries own or lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (Kinder Travel, Inc.)

Tangible Assets. The buildings, machinery, equipment, and other tangible assets that the Target owns and leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear)) other than as may be described in Section4(o) of the Disclosure Schedule.

Appears in 1 contract

Sources: Stock Purchase Agreement (Aurelio Resource Corp)

Tangible Assets. The machinerybuildings, equipment, and other tangible --------------- assets that the Target owns and leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Sources: Merger Agreement (Imall Inc)

Tangible Assets. The buildings, machinery, equipment, and other tangible assets that the Target owns (or purports to own) and leases are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear)) and are adequate for the uses to which they are being put.

Appears in 1 contract

Sources: Contribution Agreement (TRX Inc/Ga)

Tangible Assets. The machinery, equipment, and other tangible assets that are either Acquired Assets or are leased by Target owns and leases pursuant to a lease to be assumed by Buyer are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Sources: Asset Purchase Agreement (Hub Group Inc)

Tangible Assets. The buildings, machinery, equipment, and other tangible assets that Target owns the Targets own and leases lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Sources: Purchase Agreement

Tangible Assets. The buildings, machinery, equipment, and other ---------------- tangible assets that Target owns and leases its Subsidiaries own and lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Sources: Stock Exchange Agreement (Sequiam Corp)

Tangible Assets. The machinery, equipment, equipment and other tangible assets that Target owns and or leases are is free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Sources: Asset Purchase Agreement (Pure Capital Inc)

Tangible Assets. The buildings, machinery, equipment, and other tangible assets that Target owns and leases its Subsidiaries own and lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Sources: Stock Purchase Agreement (Stanadyne Corp)

Tangible Assets. The machinery, equipment, and other tangible assets that Target owns and leases or leases, the aggregate values of which are set forth on the Most Recent Balance Sheet, are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear).

Appears in 1 contract

Sources: Stock Purchase Agreement (General Employment Enterprises Inc)

Tangible Assets. The buildings, machinery, equipment, and other tangible assets that the Target owns and leases its Subsidiaries own and lease are free from material defects (patent and latent), have been maintained in accordance with normal industry practice, and are in good operating condition and repair (subject to normal wear and tear) and are recorded on the Most Recent Balance Sheet in accordance with GAAP (that is, at historic costs).

Appears in 1 contract

Sources: Share Purchase Agreement (Pivotal Corp)