Tangible Sample Clauses

The "Tangible" clause defines what constitutes physical, touchable property or items within the context of the agreement. It typically distinguishes tangible assets—such as equipment, inventory, or printed materials—from intangible assets like intellectual property or digital files. By clearly specifying what is considered tangible, this clause helps prevent misunderstandings about the scope of property covered under the contract, ensuring both parties are aligned on what physical items are included or excluded.
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Tangible. All personal property having physical existence.
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Tangible. 10. Food served in closed conditions 11. The taste of the food served is delicious
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Tangible. Net Worth. ---------- 2. Amendment to Article VII.
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Tangible. Book Value One-Year Change--The percentage change in the net asset value of a company, calculated by total assets minus intangible assets (such as patents and goodwill) and liabilities.
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Tangible or intangible personal property left by a deceased person who at the time of his death was domiciled in a Contracting State and invested in a commercial , industrial or craft of any kind are subject to business tax on estates after following rule : a) If the enterprise has a permanent establishment in a Contracting State , the assets are subject to tax only in that State ; this is so even when the company is expanding its activity in the territory of the other Contracting State without having a permanent establishment State; b) If the company has a permanent establishment in both Contracting States , the assets are subject to tax in each State to the extent that they are assigned to a permanent establishment situated in the territory of that State. However, the provisions of this Article shall not apply to investments made by the deceased in companies based capital (corporations, partnerships limited by shares, limited liability companies , cooperative societies, subject to the corporate tax system civil society capital ) or in the form of sponsorship in limited partnerships . Tangible or intangible related to permanent installations and assigned to the exercise of a profession in a Contracting State shall not be subject to inheritance tax in the Contracting State in which the facility is located .
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Tangible. PROPERTY 6.1
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Related to Tangible

  • Tangible Property Except for specific items which may be owned by independent contractors, the machinery, equipment, fixtures, tools and supplies used in connection with the Resort, including without limitation, with respect to the operations and maintenance of the Common Elements, are owned either by Borrower, Silverleaf Club, or the applicable Timeshare Owners’ Association.

  • Tangible Assets The Target owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

  • Title to Tangible Assets The Company and its Subsidiaries have good title to their properties and assets and good title to all their leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than or resulting from taxes which have not yet become delinquent and minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company and its Subsidiaries and which have not arisen otherwise than in the ordinary course of business.

  • Tangible Personal Property (a) The Contractor on its behalf and on behalf of its Affiliates, as defined below, shall comply with the provisions of Conn. Gen. Stat. §12-411b, as follows: (1) For the term of the Contract, the Contractor and its Affiliates shall collect and remit to the State of Connecticut, Department of Revenue Services, any Connecticut use tax due under the provisions of Chapter 219 of the Connecticut General Statutes for items of tangible personal property sold by the Contractor or by any of its Affiliates in the same manner as if the Contractor and such Affiliates were engaged in the business of selling tangible personal property for use in Connecticut and had sufficient nexus under the provisions of Chapter 219 to be required to collect Connecticut use tax; (2) A customer’s payment of a use tax to the Contractor or its Affiliates relieves the customer of liability for the use tax; (3) The Contractor and its Affiliates shall remit all use taxes they collect from customers on or before the due date specified in the Contract, which may not be later than the last day of the month next succeeding the end of a calendar quarter or other tax collection period during which the tax was collected; (4) The Contractor and its Affiliates are not liable for use tax billed by them but not paid to them by a customer; and (5) Any Contractor or Affiliate who fails to remit use taxes collected on behalf of its customers by the due date specified in the Contract shall be subject to the interest and penalties provided for persons required to collect sales tax under chapter 219 of the general statutes. (b) For purposes of this section of the Contract, the word “Affiliate” means any person, as defined in section 12-1 of the general statutes, that controls, is controlled by, or is under common control with another person. A person controls another person if the person owns, directly or indirectly, more than ten per cent of the voting securities of the other person. The word “voting security” means a security that confers upon the holder the right to vote for the election of members of the board of directors or similar governing body of the business, or that is convertible into, or entitles the holder to receive, upon its exercise, a security that confers such a right to vote. “Voting security” includes a general partnership interest. (c) The Contractor represents and warrants that each of its Affiliates has vested in the Contractor plenary authority to so bind the Affiliates in any agreement with the State of Connecticut. The Contractor on its own behalf and on behalf of its Affiliates shall also provide, no later than 30 days after receiving a request by the State’s contracting authority, such information as the State may require to ensure, in the State’s sole determination, compliance with the provisions of Chapter 219 of the Connecticut General Statutes, including, but not limited to, §12-411b.

  • Tangible Net Worth The Seller will not permit its tangible net worth, at any time, to be less than $10,000,000.