Movable Personal Property definition

Movable Personal Property means any item of tangible personal property owned by a Grantor that is not a fixture or otherwise affixed or to become affixed to the real property. By way of example but not in limitation, Movable Personal Property would include desks, chairs and other furniture, curtains, portable dishwashers and portable microwave ovens, clothes washers and dryers and other portable equipment, and inventory.
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Examples of Movable Personal Property in a sentence

  • Any replacement or substituted Personal Property shall be, subject to the Senior Movable Personal Property Interests, subject to the security interest granted herein.

  • Lender agrees that Borrower, from time to time, may refinance or otherwise incur indebtedness in connection with financing (on a purchase money basis, on an operating lease basis or on a capital lease basis) items of Movable Personal Property which Borrower desires to acquire (or acquire the use of) for the operation of the Property by the granting of one or more Senior Personal Property Interests to third parties.

  • Lender acknowledges that Movable Personal Property in the Property are or may currently be subject to Senior Personal Property Interests.

  • Notwithstanding anything herein or in any other Loan Documents to the contrary, this Deed of Trust does not grant to Beneficiary a security interest in any Movable Personal Property.

  • Notwithstanding anything herein or in any other Loan Documents to the contrary, this Mortgage does not grant to Mortgagee a security interest in any Movable Personal Property.

Related to Movable Personal Property

  • Tangible Personal Property means all tangible personal property and interests therein, including machinery, computers and accessories, furniture, office equipment, communications equipment, automobiles, trucks, forklifts and other vehicles owned or leased by the Company and other tangible property.

  • Intangible Personal Property means incorporeal personal property including, but not limited to, deposits in banks, negotiable instruments, mortgages, debts, receivables, shares of stock, bonds, notes, credits, evidences of an interest in property, evidences of debt, and choses in action generally.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Eligible personal property means property that meets all of the following conditions: