Personal Property and Intangible Property Sample Clauses

Personal Property and Intangible Property. Existing Owner and Existing Operator, as applicable, have good title to all the Personal Property and Intangible Property and the execution and delivery to Buyer of the ▇▇▇▇ of Sale shall vest good title to all of the Personal Property and Intangible Property in Buyer, free and clear of liens, encumbrances and adverse claims. All Personal Property is fully operational. The schedule of Personal Property to be provided to Buyer during the Due Diligence Period will be a complete and accurate list of all such items and the Personal Property conveyed to Buyer at Closing shall not materially differ from such schedule.
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Personal Property and Intangible Property. Seller has good title to all the Personal Property and Intangible Property and the execution and delivery to Buyer of the ▇▇▇▇ of Sale shall vest good title to all of the Personal Property and Intangible Property in Buyer, free and clear of liens, encumbrances and adverse claims. All Personal Property is fully operational. The schedule of Personal Property to be provided to Buyer during the Due Diligence Period will be a complete and accurate list of all such items and the Personal Property conveyed to Buyer at Closing shall not materially differ from such schedule.
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Personal Property and Intangible Property. All personal property (“Personal Property”) used in or related to the ownership or development of the Property, including, but not limited to, the generator located at the Property, and all intangible property (collectively, the “Intangible Property”) owned by Seller and pertaining to the Land including, without limitation, guaranties and indemnities, plans and specifications, engineering plans and studies, permits and licenses, zoning, site plan and plat approvals, if any, associated with the Property.
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Personal Property and Intangible Property. At the Closing, Seller shall convey the Personal Property and Intangible Property, if any, to Buyer by ▇▇▇▇ of sale and assignment substantially in the form of Schedule 6.5 hereto.
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Personal Property and Intangible Property. (a) Except as set forth on Schedule 2.7(a), as of the Closing, Atlas has good, valid and marketable title in fee simple to all personal property, Intellectual Property Rights (and goodwill thereto), accounts receivable and other current assets reflected as owned by Atlas on the unaudited balance sheet of Atlas as of December 31, 2013, free and clear of all Encumbrances except: (i) Permitted Encumbrances, (ii) dispositions of personal property made in the ordinary course of business since the date thereof, (iii) collections of accounts receivable made in the ordinary course of business since the date thereof and (iv) the payments to employees of Atlas in the aggregate amount as specified in Schedule 2.12(j) in cash immediately prior to Closing. (b) Schedule 2.7(b) contains a list of all personal property owned and used in the conduct of business of Atlas, including personal property subject to leases under which Atlas is the lessee (or sublessee), together with (i) the location and nature of each of the properties; (ii) the termination date of each lease, if applicable; (iii) the name of the lessor, if applicable; (iv) all rental and other payments made or required to be made under any leases, if applicable; and (v) the date and amount of the next permitted increase in such payments, if applicable. All leases are valid, subsisting in full force and effect and enforceable in accordance with their respective terms, except as may be limited by the Enforceability Exception, and are, in each case, free and clear of all Encumbrances (other than Encumbrances in favor of the lessor and Permitted Encumbrances). There is not under any such lease any existing default or event of default (or event that, with notice or passage of time, or both, would constitute a default) by Atlas or, to the Seller’s knowledge, by any other party thereto. True and complete copies of all such leases listed on Schedule 2.7(b) have been delivered to the Buyer heretofore. The personal property listed on Schedule 2.7(b) is all of the personal property necessary or desirable to the conduct of the business of Atlas as currently conducted. (c) All personal property owned by Atlas and all personal property held by Atlas pursuant to personal property leases are in good operating condition and repair (ordinary wear and tear excepted), and are adequate for the uses to which they are being put, and none of such personal property is in need of maintenance or repairs except for ordinary, routine maint...
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Personal Property and Intangible Property. No additional cash consideration shall be required to be paid for the Personal Property and the Intangible Property. The Purchase Price shall be payable as follows: (i) Deposit. Concurrently with the execution of this Agreement, Buyer shall deposit into Escrow cash in the amount of Seven Hundred Fifty Thousand Dollars ($750,000). Escrow Holder is hereby instructed to deposit such amount (the "Deposit") in an interest bearing account or other investment instrument designated by Seller. All interest earned on the Deposit shall be credited to the account of Seller and shall be non-refundable under all circumstances. Upon the satisfaction of the conditions to Buyer's obligation to purchase the Property set forth in Sections 6(a) and 6(b) below, the Deposit shall become non-refundable, subject to the satisfaction of the conditions set forth in Sections 6(c) and 6(d) below, and shall be credited towards the Purchase Price. If the Deposit becomes non-refundable as aforesaid, it shall continue to be held by Escrow Holder to be applied against the Purchase Price concurrently with the Closing.
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Related to Personal Property and Intangible Property

  • Intangible Property Intangible and intellectual property of this award shall generally follow provisions established in 2 CFR § 200.315.

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property:

  • Personal Property Leases Except as set forth in Schedule 3.13.(b), Company has no leases of personal property involving consideration or other expenditure in excess of $5,000 or involving performance over a period of more than three months.

  • Property and Equipment The ACT is prohibited from operating the equipment and technical facilities of the Venue without the consent of HAPPY HEART.

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church. (b) At Closing, the Annual Conference shall deliver to the Local Church: (i) the Deed(s) quitclaiming and releasing all interest of the Annual Conference in the Real Property to the Local Church; (ii) the Bill of Sale conveying all the interest of the Annual Conference in the Personal Property to the Local Church; and, (iii) a FIRPTA certificate.