Personal Property definition

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

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Personal Property shall have the meaning set forth in the granting clause of the Mortgage.

Personal Property means all Intangible Property and all those items of tangible personal property described on Schedule 4.8 having a fair market value equal to or in excess of Five Thousand and 00/100 Dollars ($5,000.00) per item, attached hereto and made a part hereof, other than the Fixtures, now or on the Closing Date owned by the Local Church and located on or about the Land or Improvements or used in connection with the operation thereof.

Examples of Personal Property in a sentence

Purchaser recognizes that the Hotel and Personal Property are not new and that there exists a possibility that the Property is not in compliance with the requirements which would be imposed on a newly constructed hotel by presently effective federal, state and local building, plumbing, electrical, fire, health, handicap, environmental and life safety laws, codes, ordinances, rules, orders and/or regulations (collectively, the “building codes”).
At least ten (10) business days prior to Closing, Purchaser will notify Seller in writing of the proposed allocation of the Purchase Price among the Real Property, the Tangible Personal Property and the Intangible Personal Property.
The Company has good and marketable title to the Tangible Personal Property free and clear of Liens other than Permitted Liens.
Seller shall be required to pay or cause to be paid all retail sales (as distinguished from any tax on the sale of any Tangible Personal Property effected pursuant to this Agreement), occupancy taxes and like impositions up to but not including the Closing Date.
Except for items identified on Schedule 1.2(b) as for parts only, the Tangible Personal Property is in good operating condition and repair (ordinary wear and tear excepted).

More Definitions of Personal Property

Personal Property shall have the meaning assigned thereto in Section 2.1(b)(iii).

Personal Property means, collectively, all of the Property other than the Real Property.

Personal Property has the meaning set forth in Section 3.11(a).

Personal Property means all furniture, trade fixtures, equipment, appliances, supplies, inventory, and any other movable things subject to ownership placed in or on the Premises that are neither permanently attached to nor form a part of the Premises.

Personal Property shall have the meaning set forth in the granting clause of the Security Instrument.

Personal Property has the meaning specified in Section 2.1(d).

Personal Property means personal property and includes Accounts, Chattel Paper, Documents of Title, Equipment, Goods, Instruments, Intangibles, Inventory, Investment Property and Money.