Moveable Asset definition

Moveable Asset means the tangible property set forth in Schedule 1.
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Moveable Asset means the plant and the machinery, vehicles and other equipment owned by any of the Business Sellers, as well as any pre-paid and/or other transitional assets, and used primarily in relation to any Business at the Closing Date. For the avoidance of doubt, excluding any plant, machinery, vehicles and other equipment owned by any of the Business Sellers, as well as any pre-paid and/or transitional assets which are used for manufacturing, pre-testing, assembling or final-testing services or activities in relation to the Operations at the Closing Date. For the avoidance of doubt Moveable Assets include, but are not limited to, all assets listed in Schedule 18.
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Examples of Moveable Asset in a sentence

  • Oracle Forms Winbatch Moveable Asset Inventory System The current Agreement system in place utilizes several systems at the NCC and has met the NCC’s needs for over eighteen years.

  • The Concessionaire shall have however the option to retain such Moveable Asset against payment of an arm-length consideration.

  • To the extent Purchaser or its designated Affiliates do not obtain possession of any Moveable Asset on the Closing Date, Seller shall, and shall cause its relevant Affiliates to, hold all such Moveable Assets for Purchaser in lieu of delivery with effect as of the Closing Date.

  • If the Company is unable or fails to provide for the transfer of any intellectual property required for the full use or operation of any Moveable Asset (or if for any reason the Government or a purchaser designated by the government elects not to acquire and such intellectual property), its fair market value shall be determined based on its value to a Person who must acquire in the marketplace the necessary intellectual property.