Leased FF&E definition

Leased FF&E shall have the meaning given such term in ----------- Section 6.12. ------------

Leased FF&E means the furniture, trade fixtures and equipment located within the Buildings or Premises and the Seller-owned furniture, trade fixtures and equipment located within the premises subject to the “Assumed Real Property Leases,” as defined in the Asset Purchase Agreement (except as excluded pursuant to the Exhibit B to this Lease, and subject to the FF&E Inventory provisions contained in such Asset Purchase Agreement) and all Landlord Replacement Property.

Leased FF&E means each item of FF&E that is subject to an Equipment Lease.

Examples of Leased FF&E in a sentence

• All FF&E is owned by Seller (other than such ---- items listed on Exhibit T (the "Leased FF&E") and any such items which are owned --------- ----------- by tenants, subtenants, concessionaires or licensees under the Space Leases, guests, invitees, employees, agents or independent contractors).

• The Owned FF&E and Leased FF&E included in the Acquired Assets in the aggregate is in good condition and working order, normal wear and tear excepted and are free from deferred maintenance, and each individual item which would cost in excess of $5,000 to replace is in good condition and working order, normal wear and tear excepted and is free from deferred maintenance.

• The Owned FF&E and the Leased FF&E include the equipment, machinery, furniture, fixtures and improvements, woodworking equipment, engraving equipment, molds, forms, tooling and spare parts and any other tangible personal property (including without limitation consumables located at the premises of the Business) that is necessary for the production of all the Products as currently produced by the Seller.

• From and after the third anniversary of the Delivery Date, by giving written notice to Sublandlord, Subtenant may purchase all or any portion of the Leased FF&E (other than chairs, desks, conference and other tables, and other furniture) for an aggregate purchase price of One Dollar ($1.00).

• Any furnishings, supplies, equipment or other tangible personal property that is not Leased FF&E or Landlord’s Other Excluded Assets and that can be removed without damage to or impairment of the Buildings (“Tenant’s Tangible Personal Property”) shall remain the property of Tenant and shall not be Leased Property.

• The leasing of such Leased FF&E shall be deemed included in the rent otherwise payable hereunder by Subtenant, and Subtenant shall not be obligated to pay any base rental, additional rent, or other charge or fee in connection with the use or leasing of such Leased FF&E.

• Any movable or detachable additional FF&E (but not Leased FF&E) purchased by Tenant as part of the Tenant Improvement Commitments shall be owned by the Tenant and removable by the Tenant upon expiration or termination of the Lease.

• This Lease and the following exhibits and attachments constitute the entire agreement between the parties and supersede all prior agreements and understandings related to the Premises, including all lease proposals, letters of intent and other documents: Exhibit A (Outline and Location of Premises), Exhibit A-1 (Legal Description), Exhibit B (Schedule of Exclusions from Leased FF&E), Exhibit C (Landlord Improvement Commitments) and Exhibit D (Tenant’s Insurance: Landlord’s Current Insurance Coverage).

• If an employee to whom an Option has been granted dies within three (3) months after the termination of his employment, any vested Option may be exercised (to the extent that the employee shall have been entitled to do so at the date of his death) by a legatee or legatees of the employee under his last will, or by his personal representatives or distributees, and subject to the provisions of paragraph 8 hereof, at any time within six (6) months after his death.

• Subtenant agrees to maintain, or cause to be maintained, the Leased FF&E in good condition and repair throughout the term of this Sublease, subject to normal wear and tear, casualty, and obsolescence, and, subject to the next paragraph, to return the Leased FF&E to Sublandlord on or before the Termination Date.

More Definitions of Leased FF&E

Leased FF&E has the meaning set forth in Section 2.7.

Leased FF&E means all furniture, fixtures and equipment leased by any Seller as of the date hereof, including, (but not limited to), the furniture, fixtures and equipment located at the Miramar Facility as set forth on Schedule 20 hereto; provided, however, that Leased FF&E shall not include any furniture, fixtures or equipment listed on Schedule 20A hereto.