Specified Movable Property definition
Specified Movable Property means the assets or properties of any Pledgor that are currently located in a Foreign Jurisdiction or hereafter are moved to a Foreign Jurisdiction, in each case that are under either an export or import or similar license or permit that requires such assets or property to leave such Foreign Jurisdiction no more than six months from the date they became situated in such Foreign Jurisdiction.
Specified Movable Property means, the assets or properties of any Loan Party that are currently located in a Foreign Jurisdiction or hereafter are moved to a Foreign Jurisdiction, in each case that are under either an export or import or similar license or permit that requires such assets or property to leave such Foreign Jurisdiction no more than six months from the date they became situated in such Foreign Jurisdiction.
Examples of Specified Movable Property in a sentence
Except for Specified Movable Property, the Inventory and Equipment of each Loan Party is located only at the locations set forth on Schedule 5.29.