Fixed Asset Schedule definition
Examples of Fixed Asset Schedule in a sentence
Buyer shall have the opportunity to review all materials and information used by the Seller in preparing the Seller Tangible Fixed Asset Schedule, and the Seller shall make available such personnel as are reasonably necessary to assist Buyer in its review of the Tangible Fixed Assets and the Seller Tangible Fixed Asset Schedule.
In the event Buyer disagrees with any aspect of the Seller Tangible Fixed Asset Schedule, Seller and Buyer shall negotiate in good faith to resolve such disagreement.
To the extent any Tangible Fixed Asset set forth on the Estimated Tangible Fixed Asset Schedule has been lost, damaged, destroyed, sold, or is otherwise no longer available to be delivered to Buyer at Closing (any such item, a “Lost Asset”), the Seller Tangible Fixed Asset Schedule shall reflect the reduction in value associated with each such Lost Asset unless a replacement Tangible Fixed Asset of similar quality and value is provided and accounted for on the Seller Tangible Fixed Asset Schedule.
Sales tax on any automobiles included on the Fixed Asset Schedule.
Equipment purchases made with this Grant shall be documented using the Fixed Asset Schedule (Exhibit D), which shall be attached in GMS when requesting Grant funds for equipment expenses.
Not fewer than three (3) Business Days prior to the Closing, Seller shall submit to Buyer for its approval a schedule prepared in good faith of the Tangible Fixed Assets, including the location of such assets and the fair market value of such assets, which shall be presented in substantially the same form as the Estimated Tangible Fixed Asset Schedule (the “Seller Tangible Fixed Asset Schedule”), in each case as of 11:59 P.M. on the date immediately prior to the Closing Date.
The Fixed Asset Schedule, among other information, will provide a breakdown of the Contract Price by individual category (i.e. “soft costs” (i.e. engineering, permitting, etc.) and “hard costs” (materials, labor, equipment, etc.)).
The Fixed Asset Schedule shall also include information necessary to assist Owner with any reporting requirements or filings under any Tax Abatements under Section 2.7.10 or other filings with any Governmental Authority.
The Fixed Asset Schedule shall be updated by Seller to the Closing Date (to the extent reasonably practicable) and delivered to Buyer at Closing.
Purchaser shall use commercially reasonable efforts to cause the Primary Appraiser to deliver to Purchaser and the Seller Representative a draft valuation of the Fixed Assets (the “Initial Draft Fixed Asset Appraisal”) within twenty one (21) days following the initial delivery of the Fixed Asset Schedule, as set forth above.