Tangible Assets. In all material respects, each tangible asset included within the Acquired Assets 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.
Appears in 3 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (Ruths Chris Steak House, Inc.), Asset Purchase Agreement (Ruths Hospitality Group, Inc.)
Tangible Assets. In all material respects, each Each tangible asset included within the Acquired Assets is free from defects (patent and latent), 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 usedfree from all material defects.
Appears in 3 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (Iteris, Inc.), Asset Purchase Agreement (Iteris, Inc.)
Tangible Assets. In all material respects, each The equipment and other tangible asset assets included within in the Acquired Assets is are free from defects (patent and latent), has 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 are suitable for the purposes for which it presently is used.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Atrinsic, Inc.), Asset Purchase Agreement (Brilliant Digital Entertainment Inc), Asset Purchase Agreement (Atrinsic, Inc.)
Tangible Assets. In all material respects, each All tangible asset included within the Acquired Assets is are free from defects defect (patent and latent), has 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 are suitable for the purposes for which it they presently is are used and presently are proposed to be used.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Can B Corp), Asset Purchase Agreement (Can B Corp)
Tangible Assets. In all material respects, each The tangible asset assets included within in the Acquired Assets is are free from material defects (patent and latent), has have been maintained in accordance with normal industry practice, is and are in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Petroleum Place Inc), Asset Purchase Agreement (Petroleum Place Inc)
Tangible Assets. In all material respects, each The tangible asset included within the Acquired Assets is are free from material defects (patent and latent), has have been maintained in accordance with normal industry practice, is and are in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.
Appears in 1 contract
Sources: Asset Purchase Agreement (Mim Corp)
Tangible Assets. In all material respectsExcept as set forth in Schedule 3.14, each tangible asset included within in the Acquired Assets is free from defects (patent and latent)known material defects, has been reasonably maintained in accordance with normal industry practice, is in reasonably good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used.
Appears in 1 contract
Sources: Asset Purchase Agreement (Commercial Vehicle Group, Inc.)
Tangible Assets. In all material respects, each tangible asset included within Each item of the Acquired Assets 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.
Appears in 1 contract
Sources: Asset Purchase Agreement (Gentner Communications Corp)
Tangible Assets. In all material respects, each Each tangible asset included within the Acquired Assets 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 and presently is proposed to be used.
Appears in 1 contract
Tangible Assets. In all material respectsThe machinery, each equipment, and other tangible asset assets included within in the Acquired Assets is are free from material defects (patent and latent), has 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 are sufficient for the purposes for which it presently is usedoperation of SELLER’s business as currently conducted by SELLER.
Appears in 1 contract
Tangible Assets. In all material respects, each Each tangible asset included within the Acquired Assets is free from defects (patent and latent)material defect, 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.
Appears in 1 contract
Tangible Assets. In all The tangible assets material respects, each tangible asset included within to the business of the Acquired Assets is Companies, taken as a whole, whether owned or leased by the Acquired Companies are free from material defects (patent and latent), has 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 are suitable for the purposes for which it they are presently is used.
Appears in 1 contract