PERSONAL PROPERTY OWNED OR LEASED Sample Clauses

PERSONAL PROPERTY OWNED OR LEASED. SCHEDULE 2.09 includes a list of each item of machinery, equipment, office furniture, automobiles, trucks and other personal property (collectively, the "PERSONAL PROPERTY") of the Company included in the Base Balance Sheet at a depreciated book value of more than (pound)1,000. Except for ANY Personal Property with Xpedite for repair and except as set forth in SCHEDULE 2.09, the Personal Property in the aggregate is in reasonably good condition and working order, and each individual item of Personal Property which would cost in excess of (pound)1,000 to replace is in reasonably goOD condition and working order (subject to fair wear and tear). SCHEDULE 2.09 also contains a list of each lease or other agreement under which the Company or any of its Subsidiaries leases, licenses, holds or operates any item of Personal Property under which the amount payable exceeds (pound)5,000 PER year, and identifies the lessee, licensee, holder or operator thereof. Except for inaccuracies in (i), (ii), or (iii) below which would not in any case result in damage to the Company or any of its Subsidiaries in excess of (pound)100,000 (in the aggregate) and except as set forth on SCHEDULE 2.09, (i) all of such leases and agreements are in full force and effect and constitute legal, valid and binding obligations of the respective parties thereto; (ii) there have not been and there currently are not any material defaults thereunder by any party thereto; and (iii) no event has occurred which (whether with or without notice, lapse of time or the happening or occurrence of any other event) would constitute a material default thereunder. Except as set forth on SCHEDULE 2.09, the continuation and effectiveness of all of such leases and agreements under the current rentals and other current material terms thereof will in no way be affected by the consummation of the transactions contemplated by this Agreement or, if any would be affected, the result will not in any case result in costs to the Company or any of its Subsidiaries in excess of (pound)25,000 (for each case). The Company and its Subsidiaries are not obligated under any lease that would be characterized as a Capital lease in accordance with GAAP.
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PERSONAL PROPERTY OWNED OR LEASED. Exhibit 1 contains a list of each material item of machinery, equipment, office furniture, automobiles, trucks and other personal property (collectively, the "Personal Property") of the Business being transferred to the Purchaser as part of the Assets, including a description of all Permitted Liens to which such Personal Property is subject. All such Personal Property is in good condition and working order and the operation or use thereof is not in violation of any applicable building code, zoning ordinance, lease, law or regulation. Schedule 7.3(ix) contains a list and brief description of each lease or other agreement under which Seller leases, licenses, holds or operates any item of Personal Property in connection with the Business. With respect to such leases or other agreements, (i)all such leases and agreements are in full force and effect and constitute legal, valid and binding obligations of Seller, and to Seller's knowledge,
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PERSONAL PROPERTY OWNED OR LEASED. The tangible personal property included in the Purchased Assets material to the operation of the Great Escape business is in the aggregate in reasonably good condition and working order. Except as set forth in Schedule 3.01(J), with respect to all tangible personal property subject to an Assumed Lease:
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PERSONAL PROPERTY OWNED OR LEASED. Schedules "1.2A" & "1.2AA" contain a list of each item of machinery, equipment, office furniture, automobiles, trucks and other personal property (collectively, the "Personal Property") of Seller included in the Purchased Assets. The Personal Property which, is presently operating (as noted on such aforesaid Schedules) in the aggregate is in good condition and working order for the purposes for which they are presently being used, normal wear and tear excepted and with no known defects. Schedule "3.7" contains a list and brief description of each lease or other agreement under which Seller leases, licenses, holds or operates any item of Personal Property. With respect thereto: (a) all of such leases and agreements are in full force and effect and constitute legal, valid and binding obligations of the respective parties thereto; (b) there have not been and there currently are not any material defaults thereunder by any party; and (c) no event has occurred which (whether with or without notice, lapse of time or the happening or occurrence of any other event) would constitute a material default thereunder. Seller has furnished or promptly following execution hereof shall furnish to Purchaser copies of all leases and other agreements referred to in Schedule "3.7."
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Related to PERSONAL PROPERTY OWNED OR LEASED

  • Leased Personal Property Other than Personal Property owned by the Company or the Company Subsidiary, the Company or the Company Subsidiary has good and valid leasehold title to all of the tangible personal property Assets used by the Company or the Company Subsidiary, free and clear of any and all Encumbrances other than Permitted Encumbrances which would not permit the termination of the lease therefor by the lessor. Disclosure Schedule 3.9(c) sets forth all Leases for personal property. With respect to each Lease listed on Disclosure Schedule 3.9(c), (i) there has been no breach or default under such Lease by the Company, the Company Subsidiary or by any other party, (ii) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby will not cause (with or without notice and with or without the passage of time) a default under any such Lease, (iii) such Lease is a valid and binding obligation of the applicable lessor, is in full force and effect and is enforceable by the Company or the Company Subsidiary in accordance with its terms, (iv) no action has been taken by the Company or the Company Subsidiary and no event has occurred which, with notice or lapse of time or both, would permit termination, modification or acceleration by a party thereto other than by the Company or the Company Subsidiary without the consent of the Company or the Company Subsidiary, (v) no party has repudiated any term thereof or threatened to terminate, cancel or not renew any such Lease, and (vi) neither the Company nor the Company Subsidiary has assigned, transferred, conveyed, mortgaged or encumbered any interest therein or in any leased property subject thereto (or any portion thereof).

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church.

  • Owned Real Property The Company does not own any real property.

  • Personal Property Leases Schedule 5.10 contains, as of the date of this Agreement, a list of each lease or other agreement or right under which the Company or any of the Subsidiaries is lessee of, or holds or operates, any machinery, equipment, vehicle or other tangible personal property owned by a third Person, except those which are terminable by the Company or such Subsidiary without penalty on 90 days’ or less notice or which provide for annual rental payments of less than $250,000.

  • 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”.

  • Owned Property We do not cover property damage to property owned by any insured or any other resident of any insured's household. This includes expenses and costs incurred by any insured or others to repair, replace, restore or maintain such property to prevent injury to a person or damage to property of others, whether on or away from an insured location.

  • Real Property; Leasehold Neither the Company nor any of its Subsidiaries owns or has ever owned any real property. The Company has made available to Parent (a) an accurate and complete list of all real properties with respect to which the Company directly or indirectly holds a valid leasehold interest as well as any other real estate that is in the possession of or leased by the Company or any of its Subsidiaries, and (b) copies of all leases under which any such real property is possessed (the “Company Real Estate Leases”), each of which is in full force and effect, with no existing material default thereunder. The Company’s use and operation of each such leased property conforms to all applicable Laws in all material respects, and the Company has exclusive possession of each such leased property and has not granted any occupancy rights to tenants or licensees with respect to such leased property. In addition, each such leased property is free and clear of all Encumbrances other than Permitted Encumbrances. The Company has not received written notice from its landlords or any Governmental Body that: (i) relates to violations of building, zoning, safety or fire ordinances or regulations; (ii) claims any defect or deficiency with respect to any of such properties; or (iii) requests the performance of any repairs, alterations or other work to such properties.

  • Real Property Interests Except for the ownership, leasehold or other interests set forth in the Information Certificate, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property.

  • Real Property (a) The Company does not own any real property.

  • Other Personal Property Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property.

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