Purchased Tangible Property definition

Purchased Tangible Property means the tangible property set forth on Schedule 1.1(ll).
Purchased Tangible Property means all tangible personal property located at the Facility.

Examples of Purchased Tangible Property in a sentence

  • Notwithstanding anything in this Agreement to the contrary, each of the Buyer and Seller will be responsible for one half of the aggregate amount of any and all transfer, sales, value-added, use, excise or similar taxes that may be payable in connection with the sale or purchase of the Purchased Tangible Property and Purchased License Rights.

  • For purposes of computing the amount of Transfer Taxes, the real estate shall be allocated at $1,500,000 and the Purchased Tangible Property shall be allocated at $3,400,000.

  • Section 4.06 of the Disclosure Schedules lists all current Permits issued to Seller which are related to the ownership and use of the Purchased Tangible Property, including the names of the Permits and their respective dates of issuance and expiration.

  • The aggregate purchase price (the “Purchase Price”) for the Purchased Tangible Property and Purchased License Rights shall be 2,350,000 shares (the “Shares”) of the Buyer’s common stock, par value $0.0001 per share (the “Common Stock”), which shall be deemed paid by the issuance to the Buyer of the Shares at the Closing (as defined herein).

  • To Seller’s Knowledge, there are no outstanding governmental orders and no unsatisfied judgments, penalties or awards against, relating to or affecting the Purchased Tangible Property or Seller IP.

  • To the extent assignable or permitted by Law, all Licenses relating solely to the Purchased Real Property or the Purchased Tangible Property and relating to the conduct of the Business, including the Licenses set forth on Schedule 2.2(c).

  • The Purchase Price shall be allocated among the Purchased Tangible Property and Purchased License Rights for all purposes (including tax and financial accounting) in accordance with generally accepted accounting practices and by mutual agreement between Buyer and Seller.

  • All licenses, franchises, approvals, authorizations, registrations, certificates, variances and similar rights (the “Permits”) obtained, or required to be obtained, from federal, state or local governmental authorities required for the ownership and use of the Purchased Tangible Property have been obtained by Seller and are valid and in full force and effect.

  • There is no claim, action, suit, proceeding or governmental investigation (“Action”) of any nature pending or, to Seller’s knowledge, threatened against or by Seller (a) relating to or affecting the Purchased Tangible Property or Seller IP; or (b) that challenges or seeks to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement.

  • Seller owns and has good title to the Purchased Tangible Property, free and clear of Encumbrances.

Related to Purchased Tangible Property

  • 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.

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

  • Leased Intangible Property means all Intangible Property (as defined in the Purchase and Sale Agreement) acquired by Landlord with respect to the Leased Property pursuant to the Purchase Agreement.

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

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

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

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Eligible Property means property beneficially owned by a person or entity other than the Fund and held in a bank account maintained by BNYM for or on behalf of the Fund, or property held in a Fund shareholder account, which is (x) subject to reporting or escheat under an Unclaimed Property Law, (y) of a nature or type or classification reasonably related to the services performed by BNYM under this Agreement (such as cash amounts representing non-negotiated dividend checks and shares in abandoned shareholder accounts), and (z) under the control of BNYM.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • 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 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.

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

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

  • 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.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

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  • Leasehold Interests means all of each Borrower’s right, title and interest in and to, and as lessee, of the premises identified on Schedule 4.19(A) hereto.

  • movable property means property of every description except immovable property;

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

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property, other than any such leasehold interest designated from time to time by Collateral Agent in its sole discretion as not being required to be included in the Collateral.

  • 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.