Movable Assets. (a) The Pledgor is the sole legal and beneficial owner of the Movable Assets.
Movable Assets. (a) The VRV Group’s companies have full and sole title and undisturbed possession of machinery, systems, equipment, fixtures, tools, vehicles and of the other movable assets shown in the Reference Financial Statements and in the assets register, free from Encumbrances.
Movable Assets. At any time after termination of this Agreement and with respect to each movable asset of the CONCESSIONAIRE in the Republic, which the CONCESSIONAIRE desires to sell (other than to an Affiliate at market price), the GOVERNMENT shall have the first option to purchase such asset at the net book value thereof, such price to be paid in Dollars. If the GOVERNMENT does not exercise such option within thirty (30) days after being informed by the CONCESSIONAIRE that it desires to sell such asset, then the CONCESSIONAIRE may sell such asset to any Person, including the GOVERNMENT, for such price as it may be able to obtain therefor, or remove such asset from the Republic without Taxes and Duties or other liability to the GOVERNMENT. If, however, the GOVERNMENT purchases any such asset, it shall pay the purchase price within sixty (60) days after such price has been agreed upon or determined, unless the Parties hereto otherwise agree.
Movable Assets. Any movable assets brought onto the Designated Site or placed in the Building shall remain the property of the Lessee, and shall be capable of removal at the termination of this Lease.
Movable Assets. (a) None of the movable Assets are used or held by the Company under any agreement for lease, hire, hire purchase, retention of title or sale on conditional or deferred terms. Each of the movable Assets are held by the Company under a valid, binding and subsisting Contract or instrument and free and clear of any Encumbrance, and the Company enjoys peaceful and undisturbed possession of each of such movable Assets.
Movable Assets. 8.6.1. Each asset included in the accounts and each asset used by the Company or which is in the reputed ownership of the Company is (a) legally and solely owned by the Company free of any Encumbrance except for the pledges constituted over the Company’s movable assets in favour of Credit Europe Bank Romania S.A. and (ii) where capable of possession, in the possession or under the control of the Company.
Movable Assets. A] Save as disclosed, the Seller is the owner both legally and beneficially and have good and marketable title to (or is otherwise able to procure the sale hereunder to the Buyer by the legal and beneficial owner who has good and marketable title to) all the Movable Assets free from any encumbrance or any third party claim and all such assets are within the control or possession of the Seller;
Movable Assets. At any time after termination of this Agreement and with respect to each movable asset of Investor in Liberia, which Investor desires to sell, Government shall have the first option to purchase such asset at the fair market price thereof, such price to be paid in Dollars. If Government does not exercise such option within ninety (90) days after being informed by Investor that it desires to sell such asset, Investor may (i) remove such asset from Liberia, or (ii) sell such asset to any other Person, including an Affiliate, provided, however, that if at any time Investor receives an offer from an independent third party, including an Affiliate, to purchase all or any portion of the movable asset owned by Investor and Investor desires to accept such offer, Investor shall first offer such asset to Government at the price offered by the third party. The proceeds of any such sale shall accrue to Investor subject to any Taxes or Duties imposed by Law. If Government purchases any such asset, it shall pay the purchase price not later than sixty (60) days after the price has been agreed upon or determined, unless the Parties agree otherwise.
Movable Assets. At any time after termination of this Agreement and with respect to each movable asset of Investor in Liberia, which Investor desires to sell, Government shall have the first option to purchase such asset at the fair market price thereof, such price to be paid in Dollars. If Government does not exercise such option within ninety (90) days after being informed by Investor that it desires to sell such asset, Investor may sell such asset to any other Person, including Government or an Affiliate, for such price as it may be able to obtain, or remove such asset from Liberia. The proceeds of any such sale shall accrue to the Investor subject to any Taxes or Duties payable at Law. If Government purchases any such asset, it shall pay the purchase price not later than sixty (60) days after such price has been agreed upon or determined, unless the Parties otherwise agree.
Movable Assets. The moveable assets that are included in the Transferred Assets are in normal working order, ordinary wear and tear excepted and having regard to their respective age and use.
