Other Fixed Assets definition
Examples of Other Fixed Assets in a sentence
Buyer shall have the right to elect, at its sole discretion, not to have transferred to it any tangible assets related to the Business other than the Tangible and Other Fixed Assets, and shall notify Seller of its election thereof prior to the Closing Date.
Ride Equipment and Other Fixed Assets Depreciation and amortization are provided for by the straight-line method over the estimated useful lives of the related assets ranging from five to ten years.
With respect to furniture, fixtures and equipment and Other Fixed Assets (as defined in the Purchase Agreement) owned by Merchant and located at the Closing Locations (collectively, the “FF&E”), Agent shall have the right to sell the FF&E in any such Closing Locations.
The terms, conditions and procedures applicable to the conduct of the Store Closing Sales in the Designated Liquidation Locations and as concerns the sale or other disposition of the Liquidation Merchandise and Liquidated Other Fixed Assets from the Designated Liquidation Locations are set forth in the Agency Agreement.
Use of Proceeds: Next 12 Months ------------ Working Capital for $ 1,200,000 ISP Recruitment Portal Operations Local Ad Sales Computer Equipment $ 350,000 Other Fixed Assets $ 227,000 Reserve $ 357,260 ------------ Total: $ 2,134,260 Investor Eligibility: The offering is being made privately to "accredited" investors within the meaning of Rule 501 of Regulation D under the Securities Act of 1933.