Common use of Removal and Replacement of Tangible Personal Property Clause in Contracts

Removal and Replacement of Tangible Personal Property. Seller shall not remove any Tangible Personal Property except as may be required for necessary repair or replacement (which repair and replacement shall be of equal quality and quantity as existed as of the time of the removal), or otherwise in accordance with current inventory and management standards of Seller for its apartment properties, provided that any appliances, leasing office furniture, pool furniture, fitness center equipment, or other similar items of equipment so removed by Seller are promptly replaced by Seller, at its cost, with items of comparable value and utility.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Inland Residential Properties Trust, Inc.), Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.), Purchase and Sale Agreement (Post Apartment Homes Lp)

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Removal and Replacement of Tangible Personal Property. Seller shall will not remove any Tangible Personal Property except as may be required for necessary repair or replacement (which repair replacement, and replacement shall be of equal quality and quantity as existed as of the time of the its removal), or otherwise in accordance with current inventory and management standards of Seller for its apartment properties, provided that any appliances, leasing office furniture, pool furniture, fitness center equipment, or other similar items of equipment so removed by Seller are promptly replaced by Seller, at its cost, with items of comparable value and utility.

Appears in 4 contracts

Samples: Agreement of Purchase and Sale (Cantor Fitzgerald Income Trust, Inc.), Agreement (Cedar Income Fund LTD /Md/), Agreement for the Sale (Cedar Income Fund LTD /Md/)

Removal and Replacement of Tangible Personal Property. Seller shall not remove any Tangible Personal Property except as may be required for necessary repair or replacement (which repair and replacement shall be of equal quality and quantity as existed as of the time of the removal), or otherwise in accordance with current inventory and management standards of Seller and its property manager for its apartment properties, provided that any appliances, leasing office furniture, pool furniture, fitness center equipment, or other similar items of equipment so removed by Seller are promptly replaced by Seller, at its cost, with items of comparable value and utility.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Paladin Realty Income Properties Inc), Purchase and Sale Agreement (Paladin Realty Income Properties Inc), Purchase and Sale Agreement (Paladin Realty Income Properties Inc)

Removal and Replacement of Tangible Personal Property. Seller shall will not remove any Tangible Personal Property except as may be required for necessary repair or replacement (which replacement, and repair and replacement shall be of equal quality and quantity as existed as of the time of the its removal), or otherwise in accordance with current inventory and management standards of Seller for its apartment properties, provided that any appliances, leasing office furniture, pool furniture, fitness center equipment, or other similar items of equipment so removed by Seller are promptly replaced by Seller, at its cost, with items of comparable value and utility.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Thermo Fisher Scientific Inc.), Purchase and Sale Agreement (Varian Semiconductor Equipment Associates Inc)

Removal and Replacement of Tangible Personal Property. Seller shall not remove any Tangible Personal Property except as may be required for necessary repair or replacement (which repair and replacement shall be of equal quality and quantity as existed as of the time of the removal), or otherwise in accordance with current inventory and management standards of Seller for its apartment properties, provided that any appliances, leasing office furniture, pool furniture, fitness center equipment, or other similar items of equipment so removed by Seller are promptly replaced by Seller, at its cost, with items of comparable value and utility.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Parlux Fragrances Inc)

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Removal and Replacement of Tangible Personal Property. Seller shall not remove any Tangible Personal Property except as may be required for necessary repair or replacement (which repair and replacement shall be of equal quality and quantity as existed as of the time of the removal), or otherwise in accordance with current inventory and management standards of Seller for its apartment properties, provided that any appliances, leasing office furniture, pool furniture, fitness center equipment, or other similar items of equipment so removed by Seller are promptly replaced by Seller, at its cost, with items of comparable value and utilitythe Property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc)

Removal and Replacement of Tangible Personal Property. Seller shall will be entitled to remove equipment and tenant fixtures, including any cooler/freezer improvements and associated equipment. Seller will not otherwise remove any Tangible Personal Property except as may be required for necessary repair or replacement (which repair replacement, and replacement shall be of equal quality and quantity as existed as of the time of the its removal), or otherwise in accordance with current inventory and management standards of Seller for its apartment properties, provided that any appliances, leasing office furniture, pool furniture, fitness center equipment, or other similar items of equipment so removed by Seller are promptly replaced by Seller, at its cost, with items of comparable value and utility.

Appears in 1 contract

Samples: Lease Agreement (Sanfilippo John B & Son Inc)

Removal and Replacement of Tangible Personal Property. Seller shall not remove any Tangible Personal Property except as may be required for necessary repair or replacement (which repair and replacement shall be of equal quality and quantity as existed as of the time of the removal), or otherwise in accordance with current inventory and management standards of Seller for its apartment properties, provided that any appliances, leasing office furniture, pool furniture, fitness center equipment, or other similar items of equipment so removed by Seller are promptly replaced by Seller, at its cost, with items of comparable value and utility.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Post Apartment Homes Lp)

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