Store Assets definition

Store Assets means all of the assets and undertakings of the Migu Plan Companies, including the Store Leases.
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Store Assets means all machinery, tooling, equipment, furniture, fixed assets, fixtures, motor vehicles, furnishings, parts, tools, dies, jigs, patterns, office equipment, personal property, cash registers, computers, construction in progress, leasehold improvements, and other assets owned by a Seller located at a Purchased Store or primarily used by a Seller in the operation of a Purchased Store, including, but not limited, to those assets which are set forth in the Disclosure Schedule.
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Store Assets means, collectively, the Store Leases, the Store Register ------------ Agreements, the Store FF&E and the Store Related Assets.
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Examples of Store Assets in a sentence

  • Seller shall pay all personal property taxes attributable to the Drug Store Assets for the period up to and including the Closing Date, and Buyer shall pay all personal property taxes attributable to the Drug Store Assets for the period following the Closing Date.

  • Seller shall deliver to Buyer at closing of this Agreement a ▇▇▇▇ of Sale effective to vest in Buyer good and marketable title to the Drug Store Assets, free and clear of all mortgages, security interest, liens, encumbrances, pledges and hypothecation of every nature and description and all other instruments and documents that are necessary or appropriate to the sale and delivery of the Drug Store Assets.

  • Seller has received no notice of violation of any applicable law, regulation or requirement relating to the operation of the Drug Store, the Drug Store Assets or the Retail Location, and Seller has no knowledge of or reason to believe any such violation exists.

  • The risk of loss of damages of Drug Store Assets shall be upon Seller until the closing hereof.

  • All necessary consents to the transfer of the Drug Store Assets have been obtained from vendors and other third party, if any.

  • There is no outstanding order, writ, injunction, decree, judgment or award by any court, arbitration panel or government body against or affecting Seller, Drug Store, the Drug Store Assets or the Retail Location.

  • The parties expressly agree and acknowledge that Buyer shall not, by virtue of this Agreement, the consummation of the transactions contemplated herein or otherwise, assume any liabilities or obligations of Seller or any liabilities or obligations constituting a charge, lien, encumbrance or security interest upon the Drug Store Assets, regardless of whether such liabilities or obligations are absolute or contingent, liquidated or unliquidated or otherwise.

  • The Seller shall deliver to Buyer a ▇▇▇▇ of Sale, which shall be effective to vest in Buyer good and marketable title to the Drug Store Assets, free and clear of all mortgages, security interest, liens, encumbrances, pledges and hypothecation of every nature and description, except the Security interest securing Buyer's Note to the Seller.

  • The parties shall, using last year's tax returns, estimate as of the Closing Date the personal property taxes anticipated to be owed on the Drug Store Assets for the current calendar year, and Seller's pro rata portion of such estimated taxes shall be withheld by Buyer from the purchase price described in Section 2.3, above.

  • TAXES Buyer shall pay any and all sales, use, and transfer taxes arising out of the sale of the Drug Store Assets pursuant to this Agreement.


More Definitions of Store Assets

Store Assets has the meaning set forth in Sections 2.1 and 2.2 of this Agreement.
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Related to Store Assets

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

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

  • Exclusive Assets means those Supplier Assets used by the Supplier or a Key Sub-Contractor which are used exclusively in the provision of the Goods and/or Services;