Movable Assets definition

Movable Assets means and include all such machines, equipment and furniture/s of the Project, which are tangible in nature and that is movable (and not immovable like the civil structure etc.), and which was owned by the Lessee and used as part of overall Development, Operation and Maintenance of the Project.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Movable Assets means and include all such machines, equipment and furniture of the Project Facility, which are tangible in nature and that is movable (and not immovable like the civil structure etc), and which was owned by the Concessionaire and used as part of overall development (especially during the Operation & Maintenance) of the Project Facility.

Movable Assets means the railcars owned by the Pledgor which are listed in Schedule 2

Examples of Movable Assets in a sentence

• The Pledgee does not hereby assume any of the obligations of the Pledgor arising out of the ownership of Movable Assets and the Pledgor remains at all times obliged from any and all obligations arising out of the ownership of Movable Assets.

• In order to secure the due, full and timely payment of all Secured Receivables, the Pledgor hereby unconditionally and irrevocably creates a first ranking pledge over the Movable Assets pursuant to the provisions of Section 151a et seq.

• In the event of a direct sale of the Movable Assets pursuant to paragraph (a)(i) of Clause 7.3 (Methods of Enforcement of Pledge), the Movable Assets may be sold to any person for a minimum purchase price equal to 70% of the Value of the Movable Assets being sold.

• The Pledge over the Movable Assets shall be perfected upon valid and effective execution of this Agreement and upon registration of the Pledge in the Register.

• The Pledgor undertakes to cooperate with the Pledgee and to perform all actions as may be necessary in order for the Pledge to be exercised successfully and with the highest possible proceeds, including submitting to the Pledgee all required records and documents related to the Movable Assets and the enforcement of the Pledge.

More Definitions of Movable Assets

Movable Assets means all the movable Assets of every kind, nature, character and description, wherever situated, which form part of the Assets of the Hotel Business Undertaking;

Movable Assets means assets that can be moved (e.g. machinery, equipment, vehicles, etc). all inventories and valuables and most fixed assets belong to this category;

Movable Assets means all present or future movable assets (roerende zaken), including inventory (inventaris), stock (voorraden), and any other physical assets (including rights of usufruct (vruchtgebruik)) located in the Netherlands, presently owned or hereafter to be acquired by the Pledgor, including, but not limited to those located at the premises specified in Schedule I (Location of Movable Assets), but excluding movable assets constituting equipment (productiemiddelen) and inventory constituting timber to be cut.

Movable Assets means and include all such machines, equipments and furniture of the Project Facility, which are tangible in nature and that is movable (and not immovable like the civil

Movable Assets means and include all such machines, equipment and furniture/s of the Sales Showroom, Service and Repair Centre for Two ▇▇▇▇▇▇▇ Automobile Industry, which are tangible in nature and that is movable (and not immovable like the civil structure etc.), and which was owned by the Lessee and used as part of overall Development, Operation and Maintenance of the Sales Showroom, Service and Repair Centre for Two ▇▇▇▇▇▇▇ Automobile Industry.

Movable Assets is defined in Section 2.2 of the Conditional Transfer Agreement.

Movable Assets means all movable property, capital work in progress, office equipment and other inventory and stocks, in each case pertaining to the Undertaking;