Common use of Fixtures and Tangible Personal Property Clause in Contracts

Fixtures and Tangible Personal Property. All interests, if any, the Seller may have in fixtures, furniture, furnishings, fittings, equipment, cars, trucks, machinery, apparatus, signage, appliances, draperies, carpeting, and other articles of tangible personal property now located on the Real Property or exclusively used or usable in connection with the operations or any part of the Real Property, subject to such depletions, resupplies, substitutions and replacements as shall occur and be made in the normal course of business expressly excluding, however: (i) equipment and property leased pursuant to Hotel Contracts; (ii) property owned by Purchaser, WHC or their Affiliates (and those claiming by, through or under any of them); (iii) property owned by third parties furnishing goods or services to the Property; and (iv) Improvements.

Appears in 1 contract

Sources: Agreement to Purchase Hotels and Assume Leases (Red Lion Hotels CORP)

Fixtures and Tangible Personal Property. All interests, if any, the Seller may have in fixtures, furniture, furnishings, fittings, equipment, cars, trucks, machinery, apparatus, signage, appliances, draperies, carpeting, and other articles of tangible personal property now located on the Real Property or exclusively used or usable in connection with the operations or any part of the Real Property, subject to such depletions, resupplies, substitutions and replacements as shall occur and be made in the normal course of business expressly excluding, however: (i) equipment and property leased pursuant to Hotel Contracts; (ii) property owned by Purchaser, WHC Tenant or their Affiliates (and those claiming by, through or under any of them); (iii) property owned by third parties furnishing goods or services to the Property; and (iv) Improvements.

Appears in 1 contract

Sources: Agreement to Purchase Hotels and Assume Leases (Red Lion Hotels CORP)