Hotel Personal Property definition

Hotel Personal Property means each of the following related to the operation of the Hotel Properties: Equipment, Building Materials, Inventory, Fixtures, Chattel Paper, Hotel Accounts, Instruments, Intellectual Property, Documents, General Intangibles, Books, Landscaping, and Proceeds.
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Hotel Personal Property means: (a) all furniture, furnishings, fixtures, fittings, vehicles, rugs, mats, draperies, carpeting, appliances, signage, devices, engines, telephone and other communications equipment, artwork, televisions and other audio and video equipment, computers, software and rights thereto, plumbing fixtures and other equipment located in or used in the operation of the Hotel Projects, to the extent owned by any Contributor (the "FF&E"), but excluding any property leased pursuant to the Equipment Leases; (b) all items included within the definition of "Property and Equipment" under the Uniform System of Accounts for Hotels, Eighth Revised Edition, 1986, as published by the Hotel Association of New York City, Inc.
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Examples of Hotel Personal Property in a sentence

  • Notwithstanding anything to the contrary in this Agreement, the Land Seller Personal Property shall not include any of the following: (i) any Excluded Property or (ii) any Hotel Personal Property.

  • Hotel Seller shall deliver a ▇▇▇▇ of sale in the form of Exhibit K-1 attached hereto, dated as of the Closing Date, conveying to Purchaser the Hotel Personal Property, free of all encumbrances, other than the Permitted Exceptions to the extent such Personal Property is affixed to the Land or the Hotel; and Land Seller shall deliver a ▇▇▇▇ of sale in the form of Exhibit K-2 attached hereto, dated as of the Closing Date, conveying to Purchaser the Land Seller Personal Property.

  • Without limitation of the foregoing, Current Assets will include Inventories as defined in Hotel Personal Property and Current Liabilities shall mean all liabilities due and payable within twelve (12) months of the date of Closing.

  • Hotel Seller shall deliver a b▇▇▇ of sale in the form of Exhibit K-1 attached hereto, dated as of the Closing Date, conveying to Purchaser the Hotel Personal Property, free of all encumbrances, other than the Permitted Exceptions to the extent such Personal Property is affixed to the Land or the Hotel; and Land Seller shall deliver a b▇▇▇ of sale in the form of Exhibit K-2 attached hereto, dated as of the Closing Date, conveying to Purchaser the Land Seller Personal Property.

  • The Property, Hotel, Personal Property, and Permits and Licenses, are conveyed “as is” “where is” in their present condition and Seller conveys same with no warranty or implied suitability of use.