Leased Assets Clause Samples
The 'Leased Assets' clause defines the specific property, equipment, or items that are subject to the lease agreement. It typically lists or describes the assets being leased, including details such as serial numbers, locations, or conditions to clearly identify them. By precisely outlining what is included as leased assets, this clause ensures both parties have a mutual understanding of the subject matter of the lease, reducing the risk of disputes over what is covered.
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Leased Assets. The term "Leased Assets" shall have the meaning ascribed thereto in Section 3.6.
Leased Assets. At the Closing, the Buyer, at its expense, shall pay off or refinance the leases on the vehicles listed on Schedule 4.6 attached hereto, and in connection therewith shall obtain the release of Parent and the Company for all liability under such vehicle leases. As soon as practicable (but in any event within 90 days) after the Closing Date, the Buyer, at its expense, shall pay off or refinance the leases on the other assets listed on Schedule 4.6 attached hereto, and in connection therewith shall obtain the release of Parent and the Company for all liability under such leases.
Leased Assets. Part 2.7(b) of the Disclosure Schedule identifies all assets that are being leased to Company.
Leased Assets. To the extent any of the items of office equipment ------------- listed in Section 2.4(a) above are leased and not owned, Seller, Grande and the Partnership shall use their best efforts to cause such leases to be assigned to Buyer at Closing.
Leased Assets. Part 2.7(b) of the Disclosure Schedule identifies all assets that are material to the business of any of the Acquired Companies and that are being leased to any of the Acquired Companies for which the annual rental payment for each such asset exceeds US $50,000.
Leased Assets. Part 2.7(b) of the Disclosure Schedule identifies all assets that are material to the business of the Company and that are being leased to the Company for which the annual rental payment for each such asset exceeds $20,000.
Leased Assets. Schedule 3.14 contains a description of all of ------------- the real and personal property leased pursuant to the Contracts, which are the only assets used in the conduct of the Business which are not owned by the Seller. The Seller is not in default of any such lease.
Leased Assets. At the Closing, the Buyer, at its sole option and expense, shall have the option to (i) pay off, refinance or take an assignment of the leases (as legally permitted) on the vehicles and equipment of the Business, and in connection therewith shall obtain the release of the Seller for all liability under such leases or (ii) execute a sublease with the Seller on all of the leases on the vehicles and equipment of the Business consistent with the terms of Seller’s lease. As soon as practicable (but in any event within sixty (60) days) after the Closing Date, the Buyer, at its sole option and expense, shall (i) pay off, refinance or take an assignment of the leases on the other leased assets of the Business, and in connection therewith shall obtain the release of the Seller for all liability under such leases or (ii) execute a sublease with the Seller on all of the other leased assets of the Business consistent with the terms of Seller’s lease.
Leased Assets. Any of the following items of personal property owned by the Company Subsidiary and leased to (A) IMS Health or (B) any Affiliate of IMS Health, guaranteed by IMS Health (to the extent permitted pursuant to Section 5.04(h) hereof) pursuant to the Master Lease executed in accordance with Section 5.04(h) hereof (“Leased Assets”):
(a) Office furniture, fixtures, and equipment; and
(b) Computers, data processing and communications equipment provided that “Leased Assets” shall not include (v) personal property not utilized by IMS Health or its Affiliates in the ordinary course of their businesses, (w) any “limited use property” within the meaning of Revenue Procedure 76-30, 1976-2 C.B. 647, as it may be amended or modified from time to time or any successor Revenue Ruling or Revenue Procedure, (x) any land, (y) any buildings or (z) any other real estate; and
Leased Assets. The Leased Assets II are unmanned intelligent containers, with an estimated fair value of RMB9,884,336. The Leased Assets III are unmanned intelligent containers, with an estimated fair value of RMB6,667,000. The Leased Assets IV are unmanned intelligent containers, with an estimated fair value of RMB10,000,500. The Leased Assets V are unmanned intelligent containers, with an estimated fair value of RMB10,333,850. The Lessee does not separately account for the pre tax and post tax profits of the Leased Assets. The transfer price for the acquisition of Leased Assets under the Finance Lease Agreements shall be allocated by the internal resources of the Company. If the Lessee has properly and fully performed all of its obligations under the Finance Lease Agreements, the Lessee is entitled to acquire the Leased Assets at the consideration of RMB100 in nominal value pursuant to the terms and conditions of the Finance Lease Agreements, upon the expiry of the Finance Lease Agreements.