Store FF&E definition
Examples of Store FF&E in a sentence
If Diamond Shamrock R & M shall fail to promptly correct any structural defect in a Store or replace any Store FF&E which does not conform to the FF&E Specifications upon demand of Shamrock Holdings.
Diamond Shamrock R & M shall cooperate fully with Brazos and all insurance companies providing insurance pursuant to Article IX hereof in the investigation and defense of any claims or suits arising from the ownership or operation of Store FF&E or ownership, use, or occupancy of the Store, provided that nothing contained in this Section 7.03 shall be construed as imposing on Brazos any duty to investigate or defend any such claims or suits.
On such Basic Rent Payment Date, in addition to the payment of the Acquisition Cost, Diamond Shamrock R & M shall pay to Brazos Basic Rent payable and any Additional Rent and other amounts owing hereunder and the lease of such Store FF&E shall thereupon terminate.
It is the intention and understanding of Brazos and Diamond Shamrock R & M that all Store FF&E shall be and at all times remain personal property.
Brazos shall at the end of such calendar month transfer title to such Store FF&E to Diamond Shamrock R & M, and Diamond Shamrock R & M shall be subrogated to Brazos' rights in the affected transaction.
Brazos shall incur no liability as a result of the sale of the Store FF&E, or any part thereof, at any private or public sale.
Diamond Shamrock R & M shall pay all costs, expenses, fees and charges incurred in connection with the ownership, use or occupancy of any Store or ownership, use and operation of any Store FF&E during the Lease Term and Renewal Term, if any, thereof, including, without limitation, any rent under an Acquired Facilities Lease.
Any cost of removal and delivery of Store FF&E to Brazos shall be paid by Diamond Shamrock R & M.
Diamond Shamrock R & M hereby waives, to the extent permitted by law, any claims against Brazos arising by reason of the fact that the price at which the Store FF&E may have been sold at such private sale was less than the price which may have been obtained at a public sale or was less than the aggregate account of the amounts due from Diamond Shamrock R & M to Brazos hereunder, even if Brazos accepts the first offer received and does not offer the Store FF&E to more than one possible purchaser.
Diamond Shamrock R & M shall obtain and record such instruments and take such steps as may be necessary to prevent any person from acquiring any rights in Store FF&E paramount to the rights of Brazos by reason of such Store FF&E being deemed to be real property.