In good working condition.

From dbx:

Congratulations on choosing the dbx 266 Compressor/Gate. The 266 provides traditional dbx sonic quality and performance for the working musician, DJ, studio operator or anyone who needs a friendly com-pressor/gate to achieve quality compression, gating and downward expansion quickly and easily. We recommend that you take a moment and read through the manual as it provides information that will assist you in using your unit to its fullest potential.

The 266's compressor is packed with just the right features to effectively reduce and control the dynamic range of your audio, add punch to flabby, loose sounds, or add sustain to instruments. The 266 begins with the classic dbx compression made famous by our 160 line of compressors - just set the 266's Attack and Release controls to 12:00 to get the same response as those units. But there's more. We scaled the program-dependent Attack and Release controls with dbx's new AutoDynamic circuitry, so that the 266's full range of controls produce voicings that extend from slow leveling to aggressive peak limiting.

The 266's gate is ready to tackle all your gating needs, whether you need to remove unwanted noise or other background sounds, tighten drum sounds, or change the characteristic envelope of an instrument.

The 266's gate provides more flexibility than traditional switch gates because it actually functions as a combination gate/expander. Where switch gates are generally only suitable for a limited number of uses (e.g., gating percussion), the gate on the 266 acts as a gentle downward expander at low Ratio settings (suitable for vocals, guitar, mixed program, etc.), and can effectively work as a switch gate when used at high Ratio settings.