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

• Each item of Personal Property which is currently owned, used or leased by the Company with a book value or fair market value of greater than Fifty Thousand Dollars ($50,000) is set forth on Schedule 4.16, along with, to the extent applicable, a list of lease agreements, lease guarantees, security agreements and other agreements related thereto, including all amendments, terminations and modifications thereof or waivers thereto (“Company Personal Property Leases”).

• The Company does not have any outstanding Contract or other arrangement or commitment with any Related Person, and no Related Person owns any real property or Personal Property, or right, tangible or intangible (including Intellectual Property) which is used in the business of the Company.

• The Company has provided to Buyer a true and complete copy of each of the Company Personal Property Leases, and in the case of any oral Company Personal Property Lease, a written summary of the material terms of such the Company Personal Property Lease.

• The operation of the Company’s business as it is now conducted is not dependent upon the right to use the Personal Property of Persons other than the Company, except for such Personal Property that is owned, leased or licensed by, or otherwise contracted to, the Company.

• Except as set forth in Schedule 4.16, all such items of Personal Property are in good operating condition and repair (reasonable wear and tear excepted consistent with the age of such items), and are suitable for their intended use in the business of the Company.

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 means all machinery, equipment, furniture, furnishings, rolling stock, tools, office supplies, vehicles, computer hardware and other tangible personal property owned or leased by the Seller and related to, used or held for use in connection with the Business.

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).