Personal Property Assets definition

Personal Property Assets all personal property of the Borrower and its Restricted Subsidiaries (other than the Licenses).
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Personal Property Assets means all of the personal property of the PAA and any proceeds resulting for the sale of any personal property.
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Personal Property Assets means all of Seller’s right, title and interest in and to the following; provided, however, that the Personal Property Assets shall not include any Excluded Assets or Real Property Assets:
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Examples of Personal Property Assets in a sentence

  • The acquisition by any Company of all Acquired Personal Property Assets complied in all material respects with all applicable Laws.

  • Immediately prior to the applicable Closing, the only assets and liabilities of the Companies will be the Acquired Real Property Assets (subject to any Permitted Liens), the Acquired Personal Property Assets, the Assumed Mortgage Debt, the Specified Liabilities and any Excluded Liabilities which Seller shall have assumed pursuant to Section 5.08.

  • Schedule 3.14 sets forth a true and complete list as at the date of the Original Stock Purchase Agreement of all Acquired Personal Property Assets having a purchase price in excess of $500 per item.

  • Immediately prior to the Closing, the only assets and liabilities of the Company and the Company Subsidiaries will be (i) the Acquired Real Property Assets (subject to any Permitted Liens), (ii) the Acquired Personal Property Assets, (iii) the Assumed Mortgage Debt, (iv) the Specified Liabilities and (v) any Excluded Liabilities which Indemnitor shall have assumed pursuant to Section 5.08.

  • Prior to Closing, Seller shall supplement Schedule 3.14(a) to include a true and complete list of the material assets (whether or not required by GAAP to be reflected on a balance sheet), other than real property and fixtures appurtenant thereto, beneficially owned by the Company and the Company Subsidiaries and used in the conduct of their respective businesses without values assigned to such personal property (collectively, "Acquired Personal Property Assets").

  • Personal Property Assets......................................................

  • Except as set forth in Schedule 3.14, the Companies are in possession of the Acquired Personal Property Assets, and, immediately after the applicable Closing, after giving effect to the transactions and terminations contemplated by Sections 5.06, 5.07 and 5.08, such Acquired Personal Property Assets will be substantially the same as the personal property of the Companies existing on the date of the Original Stock Purchase Agreement.

  • Except as set forth in Schedule 3.14, each of the Companies has (i) good (and, in the case of marketable securities, marketable) title to each of the Acquired Personal Property Assets that it purports to own, free and clear of all Liens other than Permitted Liens, and (ii) valid leasehold interests in or valid rights under contract to use each of the Acquired Personal Property Assets that it purports to lease or license.

  • All of the Personal Property Assets, together with the real property, are all of the assets necessary, and are sufficient for, the Business to operate in the Ordinary Course of Business.

  • At the Closing, Seller will sell, convey, assign, transfer and deliver to Purchaser good, valid and marketable title and all the Seller's right and interest in and to all of the Personal Property Assets, free and clear of any Encumbrances, except for Permitted Encumbrances.


More Definitions of Personal Property Assets

Personal Property Assets has the meaning set forth in Section 4.11.
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Personal Property Assets means those assets subject to the Debtor's Motion for Entry of an Order (1) Authorizing the Sale of Assets Free and Clear of Liens, Claims and Encumbrances Pursuant to 11U.S.C. 363; (II) Approving Bidding and Sale Procedures; (III) Approving the Form and Manner of Notices; (IV) Scheduling an Auction; (V) Approving Procedures for the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (VI) Granting Related Relief (Doc. No. 126).
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Personal Property Assets has the meaning set forth in Exhibit A.
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Personal Property Assets means all of VPC's (and any of its Controlled Affiliates) interest in the Pipeline Systems (to the extent that they constitute tangible personal property), the Terminals (to the extent that they constitute tangible personal property), the Material Contracts and the Intellectual Property and the Equipment.
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Personal Property Assets of any Person that becomes a Restricted Subsidiary or is merged with or into or consolidated with the Borrower or any Restricted Subsidiary (in each case other than any such Personal Property Assets constituting Excluded Assets) and (iii) without limiting the requirements of Section 5.10(c), at the option of the Borrower, either (x) transfer to LeasingCo any Real Property Assets hereafter acquired by the Borrower or any Restricted Subsidiary and any Real Property Assets of any Person that becomes a Restricted Subsidiary or is merged with or into or consolidated with the Borrower or any Restricted Subsidiary (in each case other than any such Real Property Assets constituting Excluded Assets) or (y) create on terms reasonably acceptable to the Administrative Agent a perfected first priority security interest in favor of the Collateral Agent in such Real Property Assets, other than Excluded Assets (which security interest may be subject to any Liens permitted by Section 6.3 (other than those referred to in the definition of the term "Excluded Assets)) .
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Personal Property Assets means all Assets other than the Real Property Assets and water rights and development rights appurtenant to the Real Property Assets.
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Related to Personal Property Assets

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Personal Property shall have the meaning set forth in the granting clause of the Mortgage.

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Real Property means, collectively, all right, title and interest (including any leasehold estate) in and to any and all parcels of or interests in real property owned in fee or leased by any Loan Party, whether by lease, license, or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, incidental to the ownership, lease or operation thereof.

  • Tangible Personal Property has the meaning set forth in Section 2.01(e).

  • Intellectual Property Assets includes:

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Intangible Property shall have the meaning given to such term in Section 2.1(c) hereof.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Leaseholds of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Intellectual Property Asset means, at the time of determination, any interest (fee, license or otherwise) then owned by any Credit Party in any Intellectual Property.