Purchased Business Tangible Personal Property definition

Purchased Business Tangible Personal Property means the Business Tangible Personal Property listed on the Purchased Assets Schedule.

Examples of Purchased Business Tangible Personal Property in a sentence

  • Seller or Seller Parent owns and has good and valid title to, or otherwise has the right to use pursuant to a valid and enforceable lease, license or similar contractual arrangement, all of the Purchased Business Tangible Personal Property, free and clear of all Liens (other than Permitted Liens).

  • The material equipment and other items of Purchased Business Tangible Personal Property are in good operating condition and in a good state of maintenance and repair, subject only to ordinary wear and tear, and are adequate and suitable for the purposes for which they are presently being used or held for use.

  • To the Knowledge of Seller, there are no facts or conditions affecting any Purchased Assets that would reasonably be expected, individually or in the aggregate, to materially interfere with the use or operation of such Purchased Business Tangible Personal Property.

  • Any Permitted Liens on the Purchased Business Tangible Personal Property, individually or in the aggregate, do not materially interfere with the current use of any such Purchased Business Tangible Personal Property by Seller or materially detract from the value of any such Purchased Business Tangible Personal Property.

Related to Purchased Business Tangible Personal Property

  • Tangible Personal Property means, in respect of any Person, all machinery, equipment, tools, furniture, office equipment, supplies, materials, vehicles and other items of tangible personal or movable property (other than Inventories and IT Assets) of every kind and wherever located that are owned or leased by the Person, together with any express or implied warranty by the manufacturers, sellers or lessors of any item or component part thereof and all maintenance Records and other documents relating thereto.

  • Intangible Personal Property has the meaning ascribed to it in Section 1.01(a)(vii).

  • Excluded Personal Property means the following:

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

  • Eligible personal property means property that meets all of the following conditions:

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

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Assisted cleaning or washing of tangible personal property means cleaning or washing of tangible personal property if the cleaning or washing labor is primarily performed by an individual:

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

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

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Tangible Property means any furniture, fixtures, leasehold improvements, vehicles, office equipment, computer equipment, other equipment, machinery, tools, forms, supplies or other tangible personal property of any nature.

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Personal Property Leases shall have the meaning specified in Section 2.1(a)(4).

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Company Properties shall have the meaning set forth in Section 4.15.1.

  • Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery.

  • 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.

  • Subject Assets is defined in Section 2.2(c).

  • Excluded Assets has the meaning set forth in Section 2.2.

  • 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, leased or operated 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.