Designation of Property Sample Clauses

The Designation of Property clause identifies and specifies the particular property or asset that is subject to the agreement. This clause typically includes details such as the property's address, legal description, or other unique identifiers to ensure there is no ambiguity about what is being referenced. By clearly defining the property involved, this clause prevents misunderstandings and disputes over the subject matter of the contract, ensuring all parties are aligned on what is included in the transaction or arrangement.
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Designation of Property. For the purpose of determining the heading under which any property is insured, we agree to accept the designation under which such property has been entered in your books.
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Designation of Property. The Districts’ designate ▇▇▇▇ ▇. ▇▇▇▇ ▇▇., ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ as the first property to which this Agreement applies (the “Initial Property”). The Districts shall designate in writing to the Housing Authority each additional Property to which this Agreement applies (an “Additional Property”) on a form substantially similar to the form attached as Exhibit A, attached. The Housing Authority may, at its sole discretion, reject an Additional Property. Draft
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Designation of Property. To decide under which item the property insured is covered We will accept the classification that You have used in Your books of account.
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Related to Designation of Property

  • Operation of Property To continue to operate the Property consistent with past practices.

  • Distribution of Property In the event it becomes necessary in connection with the liquidation of the Company to make a distribution of Property in-kind, subject to the priority set forth in Section 11.02, the liquidating trustee shall have the right to compel each Member to accept a distribution of any Property in-kind (with such Property, as a percentage of the total liquidating distributions to such Member, corresponding as nearly as possible to such Member’s Percentage Interest), with such distribution being based upon the amount of cash that would be distributed to such Members if such Property were sold for an amount of cash equal to the fair market value of such Property, as determined by the liquidating trustee in good faith, subject to the last sentence of Section 5.03(d).

  • Acquisition of Property The Contractor shall document that all property was acquired consistent with its engineering, production planning, and property control operations.

  • Restoration of Property In the event Railroad authorizes Contractor to take down any fence of Railroad or in any manner move or disturb any of the other property of Railroad in connection with the work to be performed by Contractor, then in that event Contractor shall, as soon as possible and at Contractor's sole expense, restore such fence and other property to the same condition as the same were in before such fence was taken down or such other property was moved or disturbed. Contractor shall remove all of Contractor's tools, equipment, rubbish and other materials from Railroad's property promptly upon completion of the work, restoring Railroad's property to the same state and condition as when Contractor entered thereon.

  • Preservation of Property Bank shall not be bound to take any steps necessary to preserve any rights in any property pledged as collateral to Bank to secure Borrower and/or Guarantor's Liabilities and Obligations as against prior parties who may be liable in connection therewith, and Borrower and Guarantor hereby agree to take any such steps. Bank, nevertheless, at any time, may (a) take any action it deems appropriate for the care or preservation of such property or of any rights of Borrower and/or Guarantor or Bank therein; (b) demand, sue for, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property pledged as collateral to Bank to secure Borrower and/or Guarantor's Liabilities to Bank; (c) compromise and settle with any person liable on such property; or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the Obligations or Liabilities of Guarantor.