Miscellaneous Assets definition
Examples of Miscellaneous Assets in a sentence
Miscellaneous Assets" shall mean: (a) a Seller's cash and cash equivalents that are located at a Purchased Store in accordance with the applicable Seller's customary practices, (b) all trade show booths and related fixtures owned by Sellers; and (c) those other assets owned by Sellers and set forth in EXHIBIT 1.
If there are prohibitions against, or conditions to, the conveyance of any Contracts, Permits or Miscellaneous Assets without the prior written consent of third parties, then any provision contained in this Agreement to the contrary withstanding, the transfer of title to, or assignment of, such Contracts, Permits or Miscellaneous Assets pursuant to this Agreement shall not become effective unless and until such consent requirement is satisfied, waived or no longer applies.
Seller shall execute, acknowledge and deliver to Purchaser an assignment of all of Seller's right, title and interest under the Hotel Contracts, transferable Permits, Names (to extent transferable) and the Miscellaneous Assets to be sold pursuant to this Agreement and shall deliver Seller's original counterparts of all documents which are in writing together with such correspondence and other records, if any, pertaining thereto which Seller has.
When and if such consent requirement is so satisfied, waived or no longer applies, to the extent permitted by applicable law, the assignment of such Contracts, Permits or Miscellaneous Assets shall become effective automatically as of the Closing Date, without further action on the part of Seller or Purchaser and without payment of further consideration.
The Purchase Price shall be allocated among the Leasehold Interests, the Improvements, the Personal Property, the Intangible Property, the Licenses and Permits, the Plans and Specifications, the Assumed Contracts and the Miscellaneous Assets in the manner set forth on Schedule 2.01 attached hereto; provided, however, that if Schedule 2.01 is not completed on the Effective Date, the Parties shall complete Schedule 2.01 during the Due Diligence Period (as defined below).