Owned Personal Property Clause Samples
The "Owned Personal Property" clause defines which personal property items are considered to be owned by a specific party under the agreement. Typically, this clause clarifies the distinction between property that remains with the owner and property that may be used, accessed, or affected by the other party, such as in a lease or service contract. For example, it may specify that furniture, equipment, or other movable items brought onto premises by the owner are not included in the leased assets. The core function of this clause is to prevent disputes by clearly identifying ownership of personal property, thereby protecting the rights of the owner and ensuring all parties understand which items are excluded from the agreement's scope.
Owned Personal Property. The Company or the Company Subsidiary has good and marketable title to all such personal property used by it, free and clear of any and all Encumbrances other than Permitted Encumbrances. With respect to each such item of personal property (i) there are no Leases, subleases, licenses, options, rights, concessions or other agreements, written or oral, granting to any party or parties the right of use of any portion of such item of personal property, (ii) there are no outstanding options or rights of first refusal in favor of any other party to purchase any such item of personal property or any portion thereof or interest therein and (iii) there are no parties (other than the Company or the Company Subsidiary) who are in possession of or who are using any such item of personal property.
Owned Personal Property. Except as set forth on Schedule 3.24(a), the Company and its Subsidiaries have good and marketable title to all such personal property owned by it, free and clear of any and all Encumbrances other than Permitted Encumbrances. With respect to each such item of personal property (i) there are no Leases, subleases, licenses, options, rights, concessions or other agreements, written or oral, granting to any party or parties the right of use of any portion of such item of personal property, (ii) there are no outstanding options or rights of first refusal in favor of any other party to purchase any such item of personal property or any portion thereof or interest therein and (iii) there are no parties (other than the Company and its Subsidiaries) who are in possession of or who are using any such item of personal property.
Owned Personal Property. Schedule 3.10(c) lists, as of the Signing Date, all of the depreciable personal property (including all machinery, equipment, vehicles, structures, fixtures and furniture) owned by the Company and used in the business of the Company or located on its premises.
Owned Personal Property. Except as set forth in Schedule ---------------------- 3.14(b), the Companies own all such personal property owned by them, free and clear of any and all Encumbrances other than Permitted Encumbrances. With respect to each such item of personal property (i) there are no leases, subleases, licenses, options, rights, concessions or other agreements, written or oral, granting to any party or parties the right of use of any portion of such item of personal property, (ii) there are no outstanding options or rights of first refusal in favor of any other party to purchase any such item of personal property or any portion thereof or interest therein and (iii) there are no parties (other than the Companies, and their Personnel in their capacity as such) who are in possession of or who are using any such item of personal property;
Owned Personal Property. Except as set forth in Schedule 3.9(b), Empower has good and marketable title to all such personal property owned by it, free and clear of any and all Encumbrances other than Permitted Encumbrances. With respect to each such item of personal property (i) there are no Leases, subleases, licenses, options, rights, concessions or other agreements, written or oral, granting to any party or parties the right of use of any portion of such item of personal property (except licenses of Proprietary Rights in the ordinary course of business), (ii) there are no outstanding options or rights of first refusal in favor of any other party to purchase any such item of personal property or any portion thereof or interest therein and (iii) there are no parties (other than Empower and its Employees) who are in possession of or who are using any such item of personal property.
Owned Personal Property. All of the material tangible personal property (including, without limitation, furnishings, furniture, office equipment, vehicles, inventories, tools, machinery, equipment, structures and movable fixtures) which is reflected in the September 30, 1998 balance sheet included among the Financial Statements (and that formerly leased property described on Schedule 1(g) hereto) is owned by Company and in reasonable working order and repair for use as presently used by Company in connection with Company's business.
Owned Personal Property. The Company has good and marketable title to all such tangible personal property material to the Company in the operation of the Business, free and clear of any and all Encumbrances other than Permitted Encumbrances.
Owned Personal Property. The term "Owned Personal Property" shall have the meaning set forth in Section 6.9.1.
Owned Personal Property. Except as set forth on Schedule 3.10.1 and except for Permitted Liens, Aptus has good and marketable title, subject to no Liens, to all personal property owned by Aptus, including property reflected on the books and records of Aptus and all personal property acquired or leased by Aptus since the date thereof, including the Transferred Assets, other than (a) property that has been disposed of in the ordinary course of business, (b) as contemplated by Schedule 5.3 hereto and (c) Leased Personal Property.
Owned Personal Property. Seller or its subsidiary CBS Communications Services Inc. has good title to all personal property, free and clear of any Liens (other than Permitted Liens) and agreements to sell any such personal property, that was (a) reflected on the Year-End Balance Sheet (other than Leased Personal Property) and (b) purchased by Seller since the Balance Sheet Date and used in the conduct of the Business (other than Excluded Assets); except in each case for personal property disposed of (x) in the ordinary course of business consistent with past practice or (y) in transactions disclosed to Buyer in writing prior to the date hereof or otherwise disclosed on Schedule 2.8.1.