Company Owned Property Sample Clauses

Company Owned Property. Prior to the Closing Date, Seller shall transfer, or cause to be transferred, to Seller all of the Company’s right, title and interests in and to the Company Owned Property. Purchaser or the Company, on the one hand, and Seller, on the other hand, shall negotiate in good faith and, as of the Closing Date, shall enter into a lease agreement with respect to the lease of the Company Owned Property to Purchaser or the Company, as applicable (the “Peoria Lease”), which shall (a) have a term to be mutually agreed upon by Purchaser and Seller, (b) include rent on terms and conditions that are consistent with the market for commercial leased real property in Peoria, Illinois determined as of the date of execution of the Peoria Lease; provided, however, that in the event that Purchaser or Seller cannot agree on the amount of such rent, an independent third party mutually agreeable to Purchaser and Seller with applicable experience in the Peoria, Illinois commercial real estate rental market shall be engaged to determine the amount of such rent and the fees, costs and expenses of such independent third party shall be borne equally by Purchaser and Seller and (c) provide for the payment of such rent commencing as of the Closing Date. Seller shall bear all of the fees, costs and expenses arising out of or related to such transfer (but excluding any rent, fees, costs or expenses to be paid to Seller pursuant to the Peoria Lease) and shall reimburse Purchaser for any such fees, costs or expenses to the extent incurred by Purchaser and no such transfer shall result in any Liability to Purchaser or the Company.
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Company Owned Property. [*] [*] 0000 X. Xxxxxxxxxx Street, Indianapolis, IN 46202 [*] [*]
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Company Owned Property. Xxxxxx Operating LLC None Xxxxxx Incorporated 00000 Xxxxxx Xxxxxx, Xxxxxxxxx, Xxxx 00000 Xxxxxx Acquisition A LLC None Federal Hose Manufacturing LLC None Waekon Corporation None Supreme Electronics Corp. 0000 Xxxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxx 00000 (This location is part owned and part leased - Supreme Electronics Corp. owns the Quonset huts and the large metal warehouse (combined approx. 24,000 sq. ft.) and the land they are situated on. The City of Greenwood owns the brick building (approx. 38,000 sq. ft.) and the land it is situated on.)
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Company Owned Property. The ownership of all property and equipment, and replacements thereof, purchased or paid for by Company, shall remain with Company and shall not be removed from the Ethanol Plant, except in the ordinary course of business, without Company’s prior written approval. Broin Management shall have the use of all Company-owned property and equipment during the term of this Agreement for the purpose of managing Company’s operations and the Ethanol Plant.
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Company Owned Property. The Company shall be entitled to any condemnation award or insurance proceeds or portion thereof, in the full amount remaining after deducting all expenses (including attorneys' fees) incurred in the collection of such award or proceeds from the gross amount thereof, for damages to, destruction of or takings of its own property not included in the Project.
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Company Owned Property. Employee affirms that Employee has:
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Related to Company Owned Property

  • Owned Property Section 5.14

  • Owned Properties The Company does not own any real property.

  • Owned Real Property The Company does not own any real property.

  • Excluded Property Notwithstanding anything to the contrary in Section 2.1, the property, assets, rights and interests set forth in this Section 2.2 (the “Excluded Property”) are excluded from the Property:

  • Real Property; Title to Assets (a) The Company does not own any real property.

  • Title to Assets and Properties Except as set forth in Section 4.6 of the Disclosure Schedule, the Companies and their Subsidiaries have good and marketable title to, or valid leasehold interests in, their assets and properties sufficient to operate such properties and to conduct their businesses as currently conducted, except for (a) the Permitted Encumbrances (as defined below) and (b) other defects in such titles, or any easements, restrictive covenants or similar encumbrances that have not had and would not reasonably be expected to be materially adverse to the Companies and their Subsidiaries and their respective assets. For purposes of this Agreement, “Permitted Encumbrances” mean: (i) encumbrances for assessments, taxes, water, sewer and other similar charges not yet delinquent or that either Company or any of their Subsidiaries is contesting in good faith through appropriate proceedings; provided that adequate reserves have been established with respect thereto; (ii) easements or reservations thereof, rights of way, highway and railroad crossings, sewers, electric and other utility lines, telegraph and telephone lines, zoning, building code and other covenants, conditions and restrictions as to the use of the Real Property that do not affect or interfere in an material way with the use of such Real Property by the Companies and their Subsidiaries; (iii) encumbrances listed on Section 4.6 of the Disclosure Schedule; (iv) liens securing the claims of materialmen, landlords and others provided payment is not yet delinquent; (v) any leases, subleases or licenses listed on Section 4.6 of the Disclosure Schedule; (vi) all encumbrances relating to liens securing borrowed money to be released at or prior to the Closing, all of which are listed on Section 4.6 of the Disclosure Schedule; (vii) any and all matters and encumbrances (including, without limitation, fee mortgages or ground leases) affecting the leased real property of the Companies or their Subsidiaries, not created or granted by the Companies or their Subsidiaries, but only to the extent that such matters and encumbrances (1) do not materially interfere with the right of the Companies or their Subsidiaries to use any of the leased real property, or (2) are not Known to Seller (it being understood that reasonable investigation for purposes of this clause (vii) will not require GEC or Seller to conduct title searches with respect to such real property); and (viii) any subordination or attornment agreement between either of the Companies or any of their Subsidiaries and the lender for any of the landlords of either of the Companies or any of their Subsidiaries, all of which are listed on Section 4.6 of the Disclosure Schedule.

  • Leasehold Properties In relation to those Properties which are leasehold:

  • Owned Real Estate Neither the Company nor any of its Subsidiaries owns any real property.

  • Abandoned Property If Tenant abandons the Premises, or is dispossessed by process of law or otherwise, any movable furniture, equipment, trade fixtures or personal property belonging to Tenant and left in the Premises shall be deemed to be abandoned, at the option of Landlord, and Landlord shall have the right to sell or otherwise dispose of such personal property in any commercially reasonable manner.

  • Real Property (a) The Company does not own any real property.

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