Personal Property Assets definition

Personal Property Assets all personal property of the Borrower and its Restricted Subsidiaries (other than the Licenses).
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Personal Property Assets means all of the personal property of the PAA and any proceeds resulting for the sale of any personal property.
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Personal Property Assets means all of Seller’s right, title and interest in and to the following; provided, however, that the Personal Property Assets shall not include any Excluded Assets or Real Property Assets:
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Examples of Personal Property Assets in a sentence

  • Seller’s interest in any real property interests included in the Transferred Personal Property Assets.

  • Sellers exclusively own and have good and valid title, free and clear of all Liens other than Permitted Liens, to all of the Personal Property Assets.

  • All of the Personal Property Assets are in good operating condition, ordinary wear and tear excepted.

  • The Grand List is comprised of all Real Estate, Motor Vehicles, and Business Personal Property Assets.

  • All proceeds realized from the sale of the Personal Property Assets will be used to fund the obligations of the Debtors pursuant to the Amended Plan.In general, a chapter 11 plan of reorganization (i) divides claims and equity interests into separate classes, (ii) specifies the property that each class is to receive under the plan, and(iii) contains other provisions necessary to implement the plan.

  • Upon the consummation of the Closing, Purchaser shall exclusively own and have good and valid title, free and clear of all Liens other than Permitted Liens, to all of the Personal Property Assets.

  • On August 8, 2013, the Court entered the Order Pursuant to Section 105(a), 363 and 365 of the Bankruptcy Code Approving Sale of the Debtors Real Property and Designated Personal Property Assets Free and Clear of Liens, Claims, Encumbrances, and Other Interests (Docket No. 259; the “Sale Order”).

  • Personal Property: Assets other then Real Property that physically exist and are easily moved and not permanently attached to a dwelling or structure.

  • The auction of the Personal Property Assets generated gross funds in the amount of $110,108.50 and after payment of commission and fees the PAA realized a net recovery in the amount of $88,049.39.

  • To the extent such Claim is an Allowed Secured Tax Claim, payment of Allowed Claims constituting ad valorem property taxes for tax years 2020 and any prior years, regardless of whether it is in connection with an Equitization Reorganization or a sale of personal property pursuant to the Court’s Order Authorizing Sale Procedures for Sale of Personal Property Assets Free and Clear of All Liens, Claims and Encumbrances and Interests [Doc.


More Definitions of Personal Property Assets

Personal Property Assets has the meaning set forth in Section 4.11.
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Personal Property Assets of any Person that becomes a Restricted Subsidiary or is merged with or into or consolidated with the Borrower or any Restricted Subsidiary (in each case other than any such Personal Property Assets constituting Excluded Assets) and (iii) without limiting the requirements of Section 5.10(c), at the option of the Borrower, either (x) transfer to LeasingCo any Real Property Assets hereafter acquired by the Borrower or any Restricted Subsidiary and any Real Property Assets of any Person that becomes a Restricted Subsidiary or is merged with or into or consolidated with the Borrower or any Restricted Subsidiary (in each case other than any such Real Property Assets constituting Excluded Assets) or (y) create on terms reasonably acceptable to the Administrative Agent a perfected first priority security interest in favor of the Collateral Agent in such Real Property Assets, other than Excluded Assets (which security interest may be subject to any Liens permitted by Section 6.3 (other than those referred to in the definition of the term "Excluded Assets)) .
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Personal Property Assets means those assets subject to the Debtor's Motion for Entry of an Order (1) Authorizing the Sale of Assets Free and Clear of Liens, Claims and Encumbrances Pursuant to 11U.S.C. 363; (II) Approving Bidding and Sale Procedures; (III) Approving the Form and Manner of Notices; (IV) Scheduling an Auction; (V) Approving Procedures for the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (VI) Granting Related Relief (Doc. No. 126).
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Personal Property Assets means all Assets other than the Real Property Assets and water rights and development rights appurtenant to the Real Property Assets.
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Personal Property Assets has the meaning set forth in Exhibit A.
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Personal Property Assets means all of VPC's (and any of its Controlled Affiliates) interest in the Pipeline Systems (to the extent that they constitute tangible personal property), the Terminals (to the extent that they constitute tangible personal property), the Material Contracts and the Intellectual Property and the Equipment.
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Related to Personal Property Assets

  • Real Property Assets means as to any Person as of any time, the real property assets (including interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

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

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Personal Property Collateral means all Collateral other than Real Property.

  • Intangible Personal Property means incorporeal personal property including, but not limited to, deposits in banks, negotiable instruments, mortgages, debts, receivables, shares of stock, bonds, notes, credits, evidences of an interest in property, evidences of debt, and choses in action generally.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Tangible Personal Property means all tangible personal property and interests therein, including machinery, computers and accessories, furniture, office equipment, communications equipment, automobiles, trucks, forklifts and other vehicles owned or leased by the Company and other tangible property.

  • Intellectual Property Assets includes:

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Intangible Property shall have the meaning given to such term in Section 2.1(c) hereof.

  • Company Intellectual Property Assets means the Intellectual Property Assets used or owned by the Company or any of its subsidiaries.

  • Tenant’s Personal Property means all motor vehicles, Inventories, FAS and any other tangible personal property of Tenant, if any, acquired by Tenant at its election and with its own funds on and after the date hereof and located at the Leased Property or used in Tenant's business at the Leased Property and all modifications, replacements, alterations and additions to such personal property installed at the expense of Tenant, other than any items included within the definition of Proprietary Information.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Personalty means all of the following:

  • Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Leaseholds of any Person shall mean all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Intellectual Property Asset means, at the time of determination, any interest (fee, license or otherwise) then owned by any Credit Party in any Intellectual Property.

  • Leased Equipment means the equipment which may include but not limited to modem provided by TM on lease basis to enable usage of the Service by the Customer, as may be decided by TM from time to time at its sole discretion.

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.