Business Properties Sample Clauses
The 'Business Properties' clause defines which physical locations, assets, or premises are considered part of the business for the purposes of the agreement. It typically lists or describes the properties involved, such as offices, warehouses, or retail spaces, and may specify their addresses or identifying details. This clause ensures both parties have a clear understanding of which properties are included in the transaction or arrangement, thereby preventing disputes over ownership, access, or responsibility for those locations.
Business Properties. Other than as required to perform his duties in accordance with this Agreement and for purposes of furthering the business of Eltron, Toom▇▇ ▇▇▇ll not use or cause to be used any customer lists, trade secrets or any other confidential business information by him as a result of his employment or relationship to Eltron or any affiliate of Eltron.
Business Properties. (A) Dispose of, or enter into any agreement, tenancy or licence in respect of the Business Properties.
Business Properties. 1. the Canadian Property;
2. the property that is the subject of the Hong Kong Lease; and
3. Eastern Pacific Circuits (Singapore) Pte Ltd’s leasehold interest in the property situated at #▇▇-▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇, Singapore 228773.
Business Properties. Other than as required to perform his duties in accordance with this Agreement and subject to the Confidentiality And Non-Competition Agreement between the parties, attached hereto as Appendix "B" and incorporated herein by this reference, and for purposes of furthering the business of the Company, Employee shall not use or cause to be used any inventions, designs, customer lists, trademarks, copyrights, trade secrets, know-how or any other confidential business information pertaining to the Company or any of the Company's products received by him as a result of his employment or relationship to the Company or any affiliate of the Company.
Business Properties. 23.1 A Transferred Company or a Selling Entity is in actual occupation of each of the Business Properties on an exclusive basis and no other person has any right (actual or contingent) to possession, occupation or use of or interest in the Business Properties.
23.2 The leases, underleases, tenancies, licences, grants, easements, mortgages, hypothecs and debentures affecting the Business Properties are listed and described in Attachment 8 (Properties).
23.3 No Business Property is subject to any matter which prevents the Transferred Company or the Selling Entities to carrying on the Business from that Business Property in the manner in which the Business is now carried on.
23.4 Subject to ordinary wear and tear and maintenance requirements, (a) the Business Properties are in adequate repair condition so as to be fit for the purpose for which they are used and (b) there are no structural or other material defects affecting the Business Properties.
23.5 No Transferred Company or Selling Entity is in breach of any material restriction, covenant or obligation which adversely affects the Business Properties.
23.6 The Existing Companies and SGI have good and marketable title (legal and beneficial) to the Business Properties that they own (the “Owned Business Properties”), free and clear of any Encumbrances, other than the Encumbrances listed and described in Attachment 8 (Properties).
23.7 There are no Encumbrances (other than Permitted Encumbrances and the Encumbrances listed and described in Attachment 8 (Properties)) which may adversely affect the value of the Owned Business Properties or the proper use and enjoyment of it for the purpose of the Business Activity now being carried at the Owned Business Properties.
23.8 As of the date hereof, there are no material disputes concerning boundaries, easements, covenants or other matters relating to the Owned Business Properties or their use and occupation and there are no pending or threatened in writing material disputes, actions, claims or demands in respect of the Owned Business Properties.
23.9 All developments carried out in relation to the Owned Business Property have been in material compliance with Applicable Law.
Business Properties. Notwithstanding any other provisions of this Agreement, the provisions of Schedule 9 shall apply in respect of the Business Properties.
Business Properties. In relation to the Business Properties:
(a) each is held under the terms of the lease which is summarised in Exhibit 4 and no licences or collateral assurances, undertakings or concessions have been made by any party to the lease;
(b) there are no rent reviews pending or currently under negotiation or the subject of a reference to an expert or arbitrator or the Courts;
(c) the Seller has paid the rent and all other sums payable under the lease on the due dates for payment and the last demand for rent was unqualified and each lease is valid and in full force; and
(d) the Seller has not received any notices of any breach of the covenants and the conditions contained in the lease by the landlord.
Business Properties. (A) The Business Properties are each legally and beneficially owned by a Business Seller and are the only land and buildings owned, used or occupied in connection with the Business.
(B) None of the Business Properties is subject to any sub-lease, tenancy or right of occupation or third party right which has a material adverse effect on the use or enjoyment of the relevant Business Property for its current use.
(C) No notices have been received by the Business Seller shown in Part C of Schedule 9 as the owner of the relevant Business Property and 130 130 there are no actions, disputes or claims which would interfere with the use of any Business Property for its current use.
(D) Except for Permitted Encumbrances, there is no mortgage, charge, option, right of pre-emption (other than rights of pre-emption in favour of local authorities referred to in Part B of Schedule 9) or lien affecting any of the Business Properties.
(E) None of the Business Sellers has defaulted in the payment of rent under any lease under which it holds or occupies any material Business Property (save in the case of a bona fide dispute) or in the performance of any of its obligations under any such lease which default materially affects the use and enjoyment of the relevant Business Property for its current use.
(F) None of the Business Sellers is party to an outstanding agreement to dispose of a Business Property.
(G) Each Business Property has appurtenant to it all the material rights necessary for that Business Property's continued use and enjoyment for its current use.
Business Properties. (A) The Business Properties are each legally and beneficially owned by a Business Seller and are the only land and buildings owned, used or occupied in connection with the Business.
(B) Neither of the Business Properties is subject to any sub-lease, tenancy or right of occupation which has a material adverse effect on the use or enjoyment of the relevant Business Property for its current use.
(C) So far as the Seller is aware, no written notices have been received by the Business Seller shown in Schedule 8 as the owner of either Business Property which would materially interfere with the use of the relevant Business Property for its current use whether from a local authority or any other body or person.
(D) So far as the Seller is aware, and except for Permitted Encumbrances, there is no mortgage, charge or lien affecting either Business Property.
(E) The current use of each Business Property is a lawful use for the purposes of town and country planning legislation.
(F) So far as the Seller is aware, there are no outstanding litigation, material disputes or material claims affecting the Business Properties (or either of them).
(G) All covenants, restrictions, stipulations and other encumbrances affecting the Business Properties have been performed in all material respects.
(H) All buildings and structures on the Business Properties are in a sufficient state of repair and condition for the purposes of carrying on the Business.
(I) So far as the Seller is aware, the Business Properties have not been affected by flooding nor have suffered from subsidence building or drainage defects within the past 5 years.
Business Properties. Notwithstanding any other provisions of this Agreement, the provisions of Schedule 8 shall apply in respect of the Business Properties.