Excepted Items definition
Excepted Items means the following property which is excluded from the definition of "Personal Property" hereunder: (a) items owned by independent contractors and business entities and not used in the operation of the Property; (b) all items (prepaid or otherwise) stored, maintained, or operated at the Property and consumed in the ordinary course of business, (c) cash in bank accounts and ▇▇▇▇▇ cash maintained at the Property, checks and money orders; (d) room reservation deposits of any kind or nature, (e) receivables, if any, (f) utility deposits, if any, of every type and nature, including any interest accrued thereon, and (g) all accounts payable with respect to the Property, whether owing or accruing prior to, on or after the Closing Date.
Excepted Items means, with respect to each Mall: (i) all items of personal property owned by Tenants, subtenants, independent contractors, business invitees, utilities or Adjoining Owners; (ii) all items of personal property used in connection with the Mall which are not owned but are leased by Equitable, it being understood that at the Closing such leases are to be assigned by Equitable to Purchaser without additional consideration to Equitable beyond the Purchase Price; and 03
Excepted Items. - shall mean, with respect to each Mall: (i) all items of personal property owned by Tenants, subtenants, independent contractors, business invitees, utilities or Adjoining Owners; (ii) all items of personal property used in connection with the Mall which are not owned but are leased by Equitable, it being understood that at the Closing such leases are to be assigned by Equitable to Purchaser without additional consideration to Equitable beyond the
Examples of Excepted Items in a sentence
The JSC shall meet at least once every ***** on reasonable written notice in person, by teleconference or as mutually agreed by the JSC, or, in the event of a disagreement between members of the JRC with respect to Excepted Items or other matters referred by the Parties to the JSC to resolve, within ***** following notice by the chair of the JRC of such disagreement.
Subtenant will cause any Furniture which Subtenant uses (including all Excepted Items) to be insured under Subtenant's policy of property insurance and will provide Sublandlord with evidence reasonably satisfactory to Sublandlord of Subtenant's compliance with the provisions of this sentence.
At the expiration or sooner termination of this Sublease, Subtenant shall return the Excepted Items to Sublandlord in the same condition and location in the Subleased Premises as when received, reasonable wear and tear excepted.
With respect to the Excepted Items, Subtenant shall either retain the Excepted Items in their respective conference rooms or may store the Excepted Items at a facility reasonably acceptable to Sublandlord, but shall not dispose of the same.
Notwithstanding anything to the contrary contained in this Agreement, the Excepted Items are not included in this sale or in the definition of Property.
More Definitions of Excepted Items
Excepted Items means the following property which is excluded from the definition of "Personal Property" hereunder: (a) items owned by independent contractors and business entities and not used in the operation of the Property; (b) all items (prepaid or otherwise) stored, maintained, or operated at the Property and consumed in the ordinary course of business, (c) cash in bank accounts and petty cash maintained at the Property, checks and money orders; (d) room reservation deposits of any kind or nature, (e) receivables, if any, (f) utility deposits, if any, of every type and nature, including any interest accrued thereon, and (g) all accounts payable with respect to the Property, whether owing or accruing prior to, on or after the Closing Date.
Excepted Items means: (i) all items of personal property owned by the Tenants, subtenants, independent contractors, business invitees, utilities or Adjoining Owners; (ii) all items of personal property not owned but leased by Seller (it being understood that at the Closing such leases are to be assigned by Seller pursuant to the terms of this Agreement); (iii) all cash on hand, checks, money orders, prepaid postage in postage meters and, subject to Article IX, accounts receivable and (iv) all computer hardware, computer software, operating manuals, marketing materials and other similar items proprietary to Seller (provided that Purchaser shall be furnished with hard copies of all operating data contained therein).
Excepted Items means: (i) all items of personal property owned by Tenants, subtenants, independent contractors, business invitees, utilities or Adjoining Owners; and (ii) subject to Article 6, accounts receivable.
Excepted Items means, with respect to the Mall: (i) all items of personal property owned by the Managing Agent, Tenants, subtenants, independent contractors, business invitees, utilities or Adjoining Owners; (ii) all items of personal property not owned but leased by the Joint Venture; (iii) all cash on hand, checks, money orders, prepaid postage in postage meters and, subject to Article VI, accounts receivable and (iv) all software, operating manuals, marketing materials and other items proprietary to the Managing Agent.
Excepted Items means the following property which is excluded from the definition of “Property” hereunder: (a) items owned by contractors and business entities and not used in operation of the Property, (b) cash in bank accounts, ▇▇▇▇▇ cash maintained at the Property, and checks and money orders to the extent Purchaser is not entitled to receive a credit therefor at Closing pursuant to this Agreement, (c) personal property owned by hotel guests or tenants under the Leases, (d) room reservation deposits of any kind or nature to the extent Purchaser is not entitled to receive a credit therefor at Closing pursuant to this Agreement, (e) Receivables, (f) utility deposits, if any, of every type and nature, including any interest accrued thereon to the extent Seller does not receive a credit therefor at Closing, (g) accounts payable with respect to the Property, owing or accruing prior to the Closing and not expressly assumed by Purchaser in writing at Closing and (h) all other liabilities not expressly assumed by Purchaser in writing at Closing.
Excepted Items means: (i) all items of personal property owned by the Managing Agent (including all personal property located in Suite 875 of the Galleria Financial Center other than that property listed as "Management Office Property" on Exhibit H), Tenants, subtenants, hotel operator, skating rink operator, independent contractors, business invitees and utilities; and (ii) subject to Article VI, all cash on hand, checks, money orders, prepaid postage in postage meters and accounts receivable.
Excepted Items means, with respect to each Center: (i) all items of personal property owned by the Managing Agent, Tenants, subtenants, independent contractors, business invitees, utilities or Adjoining Owners; (ii) all items of personal property not owned but leased by Transferor (it being understood that at the Closing such leases are to be assigned by Transferor pursuant to the terms of this Agreement); (iii) all cash on hand, checks, money orders, prepaid postage in postage meters and, subject to Article VI, accounts receivable and (iv) all software, operating manuals, marketing materials and other similar items proprietary to any Managing Agent (provided that Transferee shall be furnished with hard copies of all operating data contained therein). "Excluded Center" shall have the meaning set forth in Section 10.04. "Existing Debt" shall mean (i) the portion of the indebtedness of Transferor held by the State Street Bank and Trust Company, as trustee for the Telephone Real Estate Equity Trust evidenced or secured by the documents listed on Part A of Schedule 1 which is allocable to the Properties, which allocable portion on the Closing Date shall consist of approximately $112,878,000 (including principal and