Non-Movable Assets Sample Clauses

Non-Movable Assets. Upon termination of this Agreement, and subject to Section 3.3, all permanent non- movable tangible assets of Investor in the Concession Area, which are not otherwise the property of Government, shall become the property of Government without charge. Oil palms are permanent non-movable assets as used in the preceding sentence. In the event of termination by
Sample 1
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Non-Movable Assets. Upon termination of this Agreement, and subject to Section 3.3, all permanent non-movable tangible assets of Investor in the Production Area, which are not otherwise the property of Government, shall become the property of Government without charge. As used in the preceding sentence, permanent non-movable tangible assets shall include Rubber Trees with attached Rubber Stumps. Notwithstanding the foregoing, in the event the Agreement is terminated by Investor under Section 25.1(ii), for failure of Government to comply with its material obligations under this Agreement, the fair market value of the non-movable assets, as determined on or immediately prior to the date of Termination Notice from Investor to Government, shall be taken into account in any award of damages pursuant to Sections 27 and 28. “Fair Market Value” means the value that a willing and knowledgeable buyer will pay to a willing and knowledgeable seller in the arm’s length transaction. If the Parties cannot agree on the Fair Market Value of the permanent non- movable tangible property within 28 days from the termination date, either Party may give a notice of its intention to refer the matter to an independent expert for determination. Such independent expert shall be appointed by an agreement of the both Parties within ten (10) days from the date of the notice, and if not so appointed, shall be appointed by the International Centre for Expertise of the International Chamber of Commerce (“ICC”) in accordance with the provisions for the appointment of experts under the ICC Rules for Expertise on the request of either Party. Such expert must have relevant industry knowledge and experience.
Sample 1

Related to Non-Movable Assets

  • 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.

  • NONSEGREGATED FACILITIES This provision is applicable to all Federal-aid construction contracts and to all related construction subcontracts of $10,000 or more. The contractor must ensure that facilities provided for employees are provided in such a manner that segregation on the basis of race, color, religion, sex, or national origin cannot result. The contractor may neither require such segregated use by written or oral policies nor tolerate such use by employee custom. The contractor's obligation extends further to ensure that its employees are not assigned to perform their services at any location, under the contractor's control, where the facilities are segregated. The term "facilities" includes waiting rooms, work areas, restaurants and other eating areas, time clocks, restrooms, washrooms, locker rooms, and other storage or dressing areas, parking lots, drinking fountains, recreation or entertainment areas, transportation, and housing provided for employees. The contractor shall provide separate or single-user restrooms and necessary dressing or sleeping areas to assure privacy between sexes.

  • Safe Equipment The City shall furnish and maintain in the best possible working condition, within the limits of its financial capability, the necessary tools, facilities, vehicles, supplies, and equipment required for members to safely carry out their duties. Members are responsible for reporting unsafe conditions or practices, for avoiding negligence, and for properly using and caring for tools, facilities, vehicles, supplies, and equipment provided by the City.

  • Physical Collocation (a) If space for Physical Collocation is immediately available at the time of CLEC's request, SBC-AMERITECH shall include in its notice to CLEC: (i) the space to be provided, and (ii) whether SBC- AMERITECH can deliver the space to CLEC by the date set forth in Section 12.15.2(d).

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or HFF, which consent may be withheld in the Owner’s sole discretion.

  • Fixed Assets 9 2.10.Leases........................................................10 2.11.Change in Financial Condition and Assets......................10 0.00.

  • Personal Property Loss An employee's personal property loss or damage by the action of a client shall be replaced or repaired at the expense of the Employer to a maximum of seven hundred and fifty ($750.00) dollars, subject to integration with one hundred (100%) per cent coverage by Workers' Compensation Board, provided that reasonable proof of the cause of such damage is submitted by the employee concerned within reasonable time of such loss or damage.

  • Excluded Assets Notwithstanding the foregoing, the Purchased Assets shall not include the following assets (collectively, the “Excluded Assets”):

  • FILOT Payments on Replacement Property If the Company or any Sponsor Affiliate elects to replace any Removed Components and to substitute such Removed Components with Replacement Property as a part of the Economic Development Property, or the Company or any Sponsor Affiliate otherwise utilizes Replacement Property, then, pursuant and subject to the provisions of Section 12-44-60 of the FILOT Act, the Company or such Sponsor Affiliate shall make statutory payments in lieu of ad valorem taxes with regard to such Replacement Property in accordance with the following:

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property: _ The real property in Section II and any personal property in Section III shall be collectively known as the “Property”.

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