Movable Fixed Assets Sample Clauses

The 'Movable Fixed Assets' clause defines the treatment and management of tangible assets that, while classified as fixed assets, are not permanently attached to a specific location and can be relocated. This clause typically outlines which assets fall under this category—such as machinery, vehicles, or equipment—and may specify responsibilities for maintenance, insurance, or transfer procedures in the event of relocation or sale. Its core function is to clarify ownership, usage rights, and obligations regarding these assets, thereby preventing disputes and ensuring smooth operations when assets are moved or transferred.
POPULAR SAMPLE Copied 11 times
Movable Fixed Assets. The movable fixed assets comprising all machinery, equipment and furniture and all other movable fixed assets relating to the Target Business owned by the Business Sellers on the Completion Date.
View Source
Movable Fixed Assets. Except as disclosed in Schedule 6.2.7, all of the Company’s movable fixed assets (bewegliches Anlagevermögen) which are reflected in the 2006 Company’s Financial Statements with a book value of more than EUR 50,000.00 (in words: fifty thousand Euro) in the individual case (the “Movables”) are either owned by the Company or – where so marked in Schedule 6.2.7 – leased or licensed by the Company on the basis of valid leasehold interests or licenses in such Movables, except where the failure to own or have such valid leasehold interests or licenses would not have a material impact on the business of the Company. No Movables are encumbered with any liens, pledges or other encumbrances in rem in favor of any third parties (other than the Seller’s Group), except for (1) customary retention of title rights of suppliers, liens, pledges or other security rights in favor of landlords and lessors created in the course of the Company’s ordinary business; (2) liens, pledges or other security rights in favor of suppliers, mechanics, workmen or carriers identified in Schedule 6.2.7; (3) security rights granted to banks and other financial institutions over cash and other assets deposited with such banks or financial institutions identified in Schedule 6.2.7; (4) encumbrances or rights of third parties (other than the Seller) existing under mandatory statutory law, including pledges and other security rights in favor of governmental entities, but excluding pledges and other security rights in favor of Tax Authorities; (5) the liens, pledges or other encumbrances in rem disclosed in Schedule 6.2.
View Source

Related to Movable Fixed Assets

  • Furniture, Fixtures and Equipment Licensee acknowledges receipt in good condition of the Premises, without warranty, expressed or implied, on its condition or fitness. Licensee shall not alter the Premises’ fixtures, furnishings or equipment without consent of the Institute. Upon expiration or revocation of this License Contract, Licensee shall return the Premises, with Institute’s furniture, fixtures and equipment to Institute in the same condition as when received, less reasonable wear and tear. Licensee waives California Civil Code Section 1957, if applicable.

  • 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.

  • Fixed Assets 12 2.10. Change in Financial Condition and Assets...........................................12 2.11.

  • INCOME FROM IMMOVABLE PROPERTY 1. Income derived by a resident of a Contracting State from immovable property (including income from agriculture or forestry) situated in the other Contracting State may be taxed in that other State. 2. The term "immovable property" shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships, boats and aircraft shall not be regarded as immovable property. 3. The provisions of paragraph 1 shall apply to income derived from the direct use, letting, or use in any other form of immovable property. 4. The provisions of paragraphs 1 and 3 shall also apply to the income from immovable property of an enterprise and to income from immovable property used for the performance of independent personal services.

  • Computer Equipment No computers and/or personal electronic devices, such as tablets and laptop computers, or any component thereof, may be purchased with funds provided under this Contract, regardless of purchase price, without prior written approval of ADMINISTRATOR. Any such purchase shall be in accordance with specifications provided by ADMINISTRATOR, be subject to the same inventory control conditions specified above in Subparagraphs 18.1.1 to 18.1.4, and, at the sole discretion of ADMINISTRATOR, become the property of COUNTY upon termination of this Contract.