permanent property definition
permanent property means any and all plants, equipment, additions, improvements, betterments, facilities, or other property of any kind (and includes "extensions" and "purchased property" as those terms are used in the Mortgage) acquired through construction, purchase, consolidation, exchange or otherwise, as and for a part of the permanent or fixed investment for the business of the Company and used or useful in connection with the generation and conversion of electrical energy or in the manufacture of gas or steam or in the distribution or transmission of electrical energy or gas or steam in the territory in which the Company is now operating its present properties, or in territory contiguous thereto, or in territory capable of economic interconnection therewith, but "permanent property" shall not include cash, accounts or bills receivable, securities, supplies, fuel or other assets ordinarily classed as quick assets, or leasehold estates;
permanent property means the Property of MMS and Affiliates which shall incorporate the physical product of: (i) performance of the Services; and/or (ii) supply of the Goods; and all and any materials (including all and any materials supplied or free-issued to CONTRACTOR by MMS or MMS's other contractors) incorporated therein or attached thereto.
permanent property means the property of Client which will incorporate the physical product of: (i) performance of the Services; and/or (ii) supply of the Goods; and all and any materials (including all and any materials supplied or free- issued to Contractor by Client or Client's other contractors) incorporated therein or attached thereto.