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This excerpt taken from the VRSN 8-K filed Nov 23, 2005. 2.2 Equipment; Fixed Assets.
(a) Part 2.2(a) of the Disclosure Schedule accurately identifies as of the date of this Agreement all computer equipment and other tangible assets of Seller or any Subsidiary of Seller that are necessary for the conduct of, or are primarily used in or held for use for, the Business.
(b) All of the Transferred Fixed Assets: (i) are (and will as of the Closing be) structurally sound, free of material defects and deficiencies; (ii) are in good condition and repair in all material respects (ordinary wear and tear excepted); and (iii) are (and will as of the Closing be) adequate in all material respects for the uses to which they are currently being put (it being understood that removing any Transferred IP from any Transferred Fixed Asset for purposes of compliance with Section 1.3(a) shall not, in and of itself, constitute a breach of this Section 2.2(b) with respect to such Transferred Fixed Asset).
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