The Tangible Personal Property constitutes all tangible personal property necessary to conduct the Business, other than the Excluded Assets. All of the Tangible Personal Property is located at the Real Property and there is no Tangible Personal Property located at any of the Real Property which is not owned or leased by Seller.
The Tangible Personal Property. (2) The Real Property Interests;
The Tangible Personal Property constitutes substantially all tangible personal property necessary to conduct the business of each of the SP Companies as currently being conducted. All of the Tangible Personal Property is located at the Current Real Property and there is no Tangible Personal Property located at any of the Current Real Property which is not owned or leased by the SP Companies other than minor personal effects of Employees.
The Tangible Personal Property. (as defined in Section 1.1(l) of the Asset Purchase Agreement); and
The Tangible Personal Property. 3.3.15 The Trademark License Agreement, executed by Seller.
The Tangible Personal Property. The Mineral Rights are specifically excluded from the Leased Assets, provided, however, that Landlord shall not exploit the same without obtaining the prior written consent of Tenant, and Tenant’s consent shall not be unreasonably withheld taking into account the facts and circumstances, including without limitation present or future potential interference with Resort Operations and development of Purchased Developable Land and the aesthetic effect of such exploitation. Tenant shall have the right to excavate, remove, use, dispose of or sell any sand and gravel within the Real Property as Tenant deems appropriate for development of the Real Property or the Purchased Developable Land, and Landlord shall, if requested to do so by Tenant, execute any documentation or agreements reasonably required by Tenant evidencing such rights. The amendment, modification or termination of any or all licenses and permits relating to Water Rights shall require the prior consent or approval of Landlord (which Landlord shall not unreasonably withhold) unless such action has obtained the prior consent or approval of the Board of Water Commissioners for the City.
The Tangible Personal Property. (i) is adequate for the uses to which it has been and is being put, and (ii) subject to the Management Agreement, is in good operating condition and does not require maintenance or repairs other than ordinary, routine maintenance and repairs that are not material in nature or cost.
