Tangible Movable Property Clause Samples
The 'Tangible movable property' clause defines and identifies physical items that can be moved from one location to another, such as equipment, inventory, or personal belongings. This clause typically clarifies which assets are considered tangible and movable for the purposes of the agreement, often distinguishing them from intangible assets or immovable property like real estate. Its core function is to ensure clarity in the classification and treatment of assets, thereby reducing disputes over ownership, transfer, or responsibility for such property.
Tangible Movable Property. (i) provide a full, complete and accurate list of all Tangible Moveable Property owned by such company to the Security Trustee within 60 days of the date of this Debenture (or, in the case of an Additional Company, within 60 days of such Additional Company's execution and delivery of a Deed of Accession) and upon the request of the Security Trustee place and maintain on each item of Tangible Movable Property the net book value of which exceeds (Pounds)50,000 and which is notified to each Company by the Security Trustee on or after the date of this Debenture (within 60 days of receipt of such notification) in a conspicuous place, an identification marking in such form as the Security Trustee shall reasonably require and not conceal, alter or remove the marking or permit it to be concealed, altered or removed; and
(ii) keep each such item of Tangible Movable Property on or in a Property or at such location as may from time to time be approved in writing by the Security Trustee and not remove any such item from such locations (except for the purpose of effecting necessary repairs to the same and then only to another location in England and Wales previously notified in writing to the Security Trustee);
Tangible Movable Property. The undertaking party has truly, accurately and completely disclosed the tangible movable property owned or entitled to use by the target company on the signing date to the transferee. The target company is the legal owner and user of these tangible movables, and the target company can independently manage its tangible movables, which are not restricted by any rights burden and are in good condition for effective use (except normal wear and tear). The use or utilization of tangible movable property by the target company is in line with the laws of China and will not infringe the rights and interests of any third party.
Tangible Movable Property. Tangible movable property, other than the movable property referred to in articles 6 or 7, which is part of the estate or a gift of a person domiciled in a Contracting State and which is situated in the other Contracting State may be taxed in that other State.
Tangible Movable Property. The Promisors have truly, accurately and completely disclosed to the Transferee the tangible movable property owned or entitled to use by the Target Company as at the Execution Date hereof. The Target Company is the legal owner and user of the tangible movable property and can operate the same independently. Such tangible movable property is free from any Encumbrance and is in good condition for effective use (except normal loss). The use or operation of the tangible movable property by the Target Company complies with the PRC Laws without infringement upon any third-party rights and interests.
Tangible Movable Property. (1) Tangible movable property other than currency may be taxed by a Contracting State if such property is situated in that State and is not taxable by the other Contracting State pursuant to Article 6. For this purpose, tangible movable property which is in transit shall be considered situated at the place of destination.
(2) Notwithstanding the provisions of paragraph (1), tangible movable property owned by an individual referred to in paragraph (3) of Article 4 and used for his normal personal use or that of his family may be taxed only by the Contracting State in which the individual was domiciled.
(3) Notwithstanding the provisions of paragraph (1), ships and aircraft operated in international traffic, and movable property pertaining to the operations of such ships and aircraft, may be taxed by a Contracting State if such ships and aircraft are registered in that Contracting State. Other ships and aircraft may be taxed by a Contracting State if the harbors and airports most frequently used by such ships and aircraft are situated in that State.