Fixtures and Equipment. Each of the Company and its Subsidiaries (as applicable) has good title to, or a valid leasehold interest in, the tangible personal property, equipment, improvements, fixtures, and other personal property and appurtenances that are used by the Company or its Subsidiary in connection with the conduct of its business (the “Fixtures and Equipment”). The Fixtures and Equipment are structurally sound, are in good operating condition and repair, are adequate for the uses to which they are being put, are not in need of maintenance or repairs except for ordinary, routine maintenance and repairs and are sufficient for the conduct of the Company’s and/or its Subsidiaries’ businesses (as applicable) in the manner as conducted prior to the Closing. Each of the Company and its Subsidiaries owns all of its Fixtures and Equipment free and clear of all Liens except for (a) liens for current taxes not yet due and (b) zoning laws and other land use restrictions that do not impair the present or anticipated use of the property subject thereto.
Fixtures and Equipment. 15.01 All fixtures and equipment paid for by Landlord and all fixtures and equipment which may be paid for and placed on the Premises by Tenant from time to time but which are so incorporated and affixed to Premises that their removal would involve damage or structural change to Premises will be and remain the property of Landlord.
Fixtures and Equipment. All of Seller’s furniture, fixtures, machinery, equipment, apparatus, supplies and other tangible personal property of every kind and description insofar as any of the foregoing is used in or relates to the Business.
Fixtures and Equipment. (a) Tenant may, at its own expense, furnish and install such business and trade fixtures and equipment in and on the Premises as may be necessary or desirable for Tenant’s business. Such fixtures and equipment shall remain the personal property of Tenant and shall be removed by Tenant at the expiration or termination of this Lease. Upon removal of such fixtures and equipment, Tenant shall restore the Premises to its condition at the beginning of the Term, reasonable wear and tear excepted. Tenant shall furnish the signs to be used on the Premises for the advertisement of the business.
Fixtures and Equipment. At the Closing, the Buyer shall purchase all ---------------------- fixtures, machinery, equipment (including special tools and shop equipment reasonably necessary for the servicing of motor vehicles), furniture, the Purchased Leasehold Improvements, and all signs and office equipment (including, without limitation, computer equipment used in normal dealership operations) owned by any Seller and used or held by any Seller for use in connection with the Business, including the items listed on Schedule 5.4 hereto, which Schedule ------------ -------- 5.4 the Sellers shall deliver to the Buyer not later than five (5) days prior to --- the Closing, (and expressly excluding all leasehold improvements unless they are Purchased Leasehold Improvements and all vehicles used or held for use in the Business such as (without limitation) company-owned vehicles, service loaners and rental car vehicles) (collectively referred to herein as the "Fixtures and ------------ Equipment"). The purchase price for the Fixtures and Equipment shall be the --------- Sellers' respective depreciated book value thereof as of the Closing Date as reflected in said Schedule 5.4 attached hereto (the "Fixtures and Equipment ------------ ---------------------- Purchase Price"); provided, however, the Fixtures and Equipment Purchase Price -------------- -------- ------- shall not include the value of (a) any leasehold improvements that are not Purchased Leasehold Improvements or (b) any items of Fixtures and Equipment which (i) are leased pursuant to contracts or leases included in the Liabilities, or (ii) are not physically identifiable.
Fixtures and Equipment. Each of the Company and its Subsidiaries (as applicable) has good title to, or a valid leasehold interest in, the tangible personal property, equipment, improvements, fixtures, and other personal property and appurtenances that are used by the Company or its Subsidiary in connection with the conduct of its business (the “Fixtures and Equipment”). The Fixtures and Equipment are structurally sound, are in good operating condition and repair, are adequate for the uses to which they are being put, are not in need of maintenance or repairs except for ordinary, routine maintenance and repairs and are sufficient for the conduct of the Company’s and/or its Subsidiaries’ businesses (as applicable) in the manner as conducted prior to the Closing. Except as described in the SEC Documents, each of the Company and its Subsidiaries owns all of its Fixtures and Equipment free and clear of all Liens except for (i) any Lien for taxes not yet due or delinquent or being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP, (ii) any statutory Lien arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent, (iii) any Lien created by operation of law, such as materialmen’s liens, mechanics’ liens and other similar liens, arising in the ordinary course of business with respect to a liability that is not yet due or delinquent or that are being contested in good faith by appropriate proceedings, (iv) Liens (A) upon or in any equipment acquired or held by the Company or any of its Subsidiaries to secure the purchase price of such equipment or Indebtedness incurred solely for the purpose of financing the acquisition or lease of such equipment, or (B) existing on such equipment at the time of its acquisition, provided that the Lien is confined solely to the property so acquired and improvements thereon, and the proceeds of such equipment, (v) Liens in favor of customs and revenue authorities arising as a matter of law to secure payments of custom duties in connection with the importation of goods, (vi) deposits or pledges to secure bids, tenders, contracts (other than contracts for the payment of money), leases, statutory obligations, indemnity, performance, surety and appeal bonds, purchase agreements and other obligations of like nature arising in the ordinary course of business, (vii) any interest, Lien or title of a licensor, sublicensor, lesso...
Fixtures and Equipment. Subject to Section 3.4, Tenant may, at its own expense, furnish and install such equipment in and on the Leased Premises as may be necessary or desirable for Tenant's business. Landlord and Tenant acknowledge that all business and trade fixtures currently located within the Leased Premises are the property of the Landlord.
Fixtures and Equipment. All fixtures, trade fixtures and/or equipment of whatsoever nature that have been previously installed and are to be in the use of the Lessee during the term of this Lease shall be maintained by Lessee and returned in good working condition upon the termination of the Lease. All fixtures, trade fixtures and/or equipment of whatsoever nature as shall have been installed in the building or Premises by the Lessee, whether permanently affixed thereto or otherwise, shall continue to be property of the Lessee and may be removed by Lessee, at its option, at the expiration or termination of this Lease; provided, however, the Lessee shall, at its own expense, repair any injury to the Premises. All other leasehold improvements, other than fixtures, trade fixtures and/or equipment installed by Lessee, shall, upon termination of this Lease, remain with the demised Premises and become the property of the Lessor.
Fixtures and Equipment. The consideration shall include any fixtures, including but not limited to built-in appliances; heating, central air conditioning, and humidifying equipment and their control apparatuses; stationary tubs; pumps; water softening equipment; roof antennae; attached wall-to-wall carpeting and attached floor coverings; curtain rods, window coverings and all existing window treatments; attached mirrors; all light fixtures; bathroom, lavatory and kitchen fixtures; storm and screen doors and windows, awnings, blinds and window air conditioners, whether now in or on the Premises or in storage; garage door openers and controls; attached fireplace equipment; security systems and controls; smoke alarms, satellite TV reception system and components; all exterior plants and trees, all landscaping lights and controls; and the following:
Fixtures and Equipment. Sublessee shall be entitled to use all built-in fixtures and equipment, including fume hoods physically located in the Premises as of the Commencement Date. Sublessee shall, at its expense, maintain and repair such fixtures and equipment in good order, repair and condition and shall surrender all such fixtures and equipment to Sublessor in such condition at the end of the term, reasonable wear and tear and damage by fire or other casualty excepted.