Common use of Tangible Personal Assets Clause in Contracts

Tangible Personal Assets. (a) Except as set forth in Section 4.9 of the Disclosure Schedule, the Companies have good title to, or a valid interest in, all of their tangible personal assets, free and clear of all Liens, except for Permitted Liens. (b) The Companies’ tangible personal assets are in operating condition and working order and repair, when taken as a whole, subject to ordinary wear and tear and repairs from time to time in the ordinary course of business and are suitable for the purposes for which they are currently being used.

Tangible Personal Assets. (a) Except as set forth in Section 4.9 3.09 of the Disclosure Schedule, the Companies have Company has good title to, or a valid interest in, all of their its tangible personal assets, free and clear of all Liens, except for Permitted Liens. (b) The Companies’ Company’s tangible personal assets are in operating condition and working order and repair, when taken as a whole, subject to ordinary wear and tear and repairs from time to time in the ordinary course of business and are suitable for the purposes for which they are currently being used.