Taking possession definition

Taking possession means executing a lease, acquiring title or otherwise committing
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Taking possession the LESSEE shall take possession of the leased premises as of the lease starting date.
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Taking possession means obtaining possession of the collateral after we terminate under 8. term means for a lease agreement or hire purchase agreement, the period described as the term in its equipment schedule and for a loan agreement, the period from the date we lend you the loan amount to the final payment date described in the schedule. termination value in respect of any goods on a day the termination value is calculated, means:  where the asset finance agreement is a lease agreement or a hire purchase agreement, the sum of:  the present value on that day of the residual value for the goods (only in the case of a lease agreement); and  the present value on that day of the rent instalments which are still to fall due and which are attributable to the goods. The present value on a day is calculated by discounting that amount at an appropriate discount rate; and  where the asset finance agreement is a loan agreement, the portion of loan balance attributable to the goods. this agreement means this Master Asset Finance Agreement including the guarantee and indemnity.
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Examples of Taking possession in a sentence

  • Taking possession of the Collateral shall not cure or waive any Event of Default or notice thereof or invalidate any act done pursuant to such notice.

  • Taking possession of the Property by going to court to evict Tenant.

  • Taking possession of the Premises by Lessee shall constitute acknowledgment by ▇▇▇▇▇▇ that the Premises are in good and tenantable condition and that the Premises are in all respects suitable for the uses permitted in Section 1.04.

  • Taking possession or making first use of digital goods, whichever comes first.

  • Taking possession and use by INDOT of completed portions of the work, at any time, shall not be deemed as acceptance of the work so taken or used.

  • Taking possession of all or any portion of the Leased Premises by the Tenant shall be conclusive evidence as against the Tenant that the Leased Premises or such portion thereof are in satisfactory condition on the date of taking possession.

  • Taking possession by Lessee shall be conclusive evidence as against Lessee that the premises were in good order and satisfactory condition when Lessee took possession.

  • Taking possession of all or any portion of the Leased Premises by the Tenant shall be conclusive evidence as against the Tenant that the Leased Premises or such portion thereof and the Common Elements are in satisfactory condition on the date of taking possession, subject only to latent defects and to deficiencies (if any) listed in writing in a notice delivered by the Tenant to the Landlord not more than 10 days after the date of taking possession.

  • Taking possession of the Premises by Tenant shall be conclusive evidence as against Tenant that the Premises and the Project were in good and satisfactory condition when possession was taken.

  • Taking possession of the rented space by Occupant shall be conclusive evidence that Occupant accepts same "as is" and that the rented space was in good and satisfactory condition at the time such possession was so taken.

Related to Taking possession

  • Debtors in Possession means the Debtors in their capacity as debtors in possession in the Chapter 11 Cases pursuant to sections 1101, 1107(a), and 1108 of the Bankruptcy Code.

  • Possession means having a weapon on the student’s body or in an area under the student’s control. “Weapon” means any:

  • Debtor in Possession means any Debtor, in its capacity as a debtor in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code.

  • Taking Over means the Employer’s written acceptance of the Facilities under the Contract, after successful Trial – Operation for the specified period in accordance with the Contract, as provided in GCC Sub-Clause 20.1.5.

  • EARLY POSSESSION N/A ("Early Possession Date"). (Also see Paragraphs 3.2 and 3.