Properties and Improvements Clause Samples

The "Properties and Improvements" clause defines the ownership and rights related to any property and enhancements made to it during the term of an agreement. Typically, this clause clarifies whether improvements, modifications, or additions to a property—such as buildings, fixtures, or equipment—become part of the original property and who retains ownership of them. For example, if a tenant installs new lighting or upgrades plumbing, the clause will specify if these improvements remain with the property after the lease ends. Its core function is to prevent disputes by clearly allocating rights and responsibilities regarding property enhancements between the parties.
Properties and Improvements. (a) Schedules 8.2(a)-(b) to this Agreement fully, accurately and completely (1) list the addresses of all real estate of all of the Properties, and (2) identify (A) the JPE Company with an interest in such Property and the nature of such interest (e.g., fee simple or leasehold); (B) in the case of Leasehold Properties, the document(s) or instrument(s) pursuant to which those interests were created; and (C) in brief summary form, the applicable JPE Company's current use and plans (if any) for each Property. (b) Except as set forth on Schedules 8.2(a)-(b), no JPE Company owns, leases, occupies, uses or has any other right to or interest in any real property. (c) Schedules 8.2(a)-(b) fully, accurately and completely set forth all material leases, subleases, licenses, concessions, rights of use or occupancy, options, rights of first refusal or other agreements (written or otherwise) granted to any party or parties with respect to any portion of any Property. (d) Except as provided on Schedules 8.2(a)-(b) or the Permitted Land Exceptions, no party has title to, any interest in or any right to use or occupy any Property or any material portion of any Property. (e) With respect to the Properties and the business of the JPE Companies at each Property: (1) The applicable JPE Company has received all material Approvals that are required to conduct the business of the respective JPE Company (or such other parties) at each Property, and each such Property has been operated and maintained in accordance with applicable Law and all subject Approvals in all material respects. To the knowledge of each JPE Company, there are no proceedings pending or threatened which may result in the limitation, termination, cancellation or suspension, or any adverse modification of, any Approvals. JPE and each Subsidiary (as applicable) has filed all material registrations, reports and other documents required by federal, State, county, municipal and local authorities and regulating bodies in connection with its business. (2) To the knowledge of each JPE Company, the consummation of this Transaction will not invalidate any of the Approvals or require submission of any modifications of any such Approvals, and will not impair any pending Approvals or appeals thereof. To the knowledge of each JPE Company, there is no Law, restriction or moratorium imposed, enacted or, threatened or proposed by any federal, State or local government or agency, the effect of which would impair any JPE Company'...
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Properties and Improvements. Schedule 5.3 to this Agreement truly and completely lists all of the real property owned or leased by any of the Companies (the "Properties"). Schedule 5.3 to this Agreement lists all options or any other right that any Company has to acquire any real property.
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Properties and Improvements. 12 5.4 Other Assets of the Companies...............................................
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Properties and Improvements. DevStream does not own, lease, or have an option to acquire or have any other rights or interests in any real property.
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Properties and Improvements. 15 4.4 Other Assets of DevStream...................................................................
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Properties and Improvements. Schedule 5.3 to this Agreement truly and completely lists all of the real property owned or leased by any of MIS, Simco or Autoflex (the "Properties"). Schedule 5.3 to this Agreement lists all options or any other right that any of MIS, Simco or Autoflex has to acquire any real property.
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Properties and Improvements. 21 8.4 Assets......................................................................................
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Properties and Improvements. Schedule 4.3 to this Agreement sets forth a true and complete list of all real property owned or leased by Covisint.
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Properties and Improvements. 15 4.4 Other Assets of Covisint........................................
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Related to Properties and Improvements

  • REPAIRS AND IMPROVEMENTS 14.1 Prior to registration of transfer, the Purchaser shall not be entitled to effect any alterations to the Property without the prior written consent of the Seller. 14.2 The Seller shall not be obliged to compensate the Purchaser for any authorised alteration effected in the event of the sale being cancelled. 14.3 The Purchaser shall be liable for any damages suffered by the Seller as a result of any alterations effected by the Purchaser, not authorised by the Seller.

  • ALTERATIONS AND IMPROVEMENTS Tenant shall make no alterations to the buildings or improvements on the Premises or construct any building or make any other improvements on the Premises without the prior written consent of Landlord. Any and all alterations, changes, and/or improvements built, constructed or placed on the Premises by Tenant shall, unless otherwise provided by written agreement between Landlord and Tenant, be and become the property of Landlord and remain on the Premises at the expiration or earlier termination of this Agreement.

  • Building and Improvements Lessor shall obtain and keep in force a policy or policies of insurance in the name of Lessor, with loss payable to Lessor, any ground-lessor, and to any Lender insuring loss or damage to the Premises. The amount of such insurance shall be equal to the full insurable replacement cost of the Premises, as the same shall exist from time to time, or the amount required by any Lender, but in no event more than the commercially reasonable and available insurable value thereof. Lessee Owned Alterations and Utility Installations, Trade Fixtures, and Lessee's personal property shall be insured by Lessee not by Lessor. If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender), including coverage for debris removal and the enforcement of any Applicable Requirements requiring the upgrading, demolition, reconstruction or replacement of any portion of the Premises as the result of a covered loss. Said policy or policies shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located. If such insurance coverage has a deductible clause, the deductible amount shall not exceed $5,000 per occurrence.

  • Materials and Improvements Title to materials, improvements, and other property required of PURCHASER by this contract shall vest in and become the property of STATE at the time such are furnished by PURCHASER and accepted by STATE. Only materials, improvements, and property free and clear of liens, claims, and encumbrances shall be furnished by PURCHASER. All existing improvements located on State land, and any improvements placed on State land by PURCHASER which become the property of STATE, shall be safeguarded by PURCHASER. If such improvements are injured, damaged, or removed from the areas of operations by PURCHASER or by contractors of PURCHASER, such improvements shall be repaired (or replaced, in the event of removal,) as soon as possible by PURCHASER, without cost to STATE.

  • Inventions and Improvements Executive shall promptly communicate to the Company all ideas, discoveries and inventions which are or may be useful to the Company or its business. Executive acknowledges that all such ideas, discoveries, inventions, and improvements which heretofore have been or are hereafter made, conceived, or reduced to practice by him at any time during his employment with the Company heretofore or hereafter gained by him at any time during his employment with the Company are the property of the Company, and Executive hereby irrevocably assigns all such ideas, discoveries, inventions, and improvements to the Company for its sole use and benefit, without additional compensation. The provisions of this Section 19(b) shall apply whether such ideas, discoveries, inventions, or improvements were or are conceived, made or gained by him alone or with others, whether during or after usual working hours, whether on or off the job, whether applicable to matters directly or indirectly related to the Company’s business interests (including potential business interests), and whether or not within the specific realm of his duties. Executive shall, upon request of the Company, but at no expense to Executive, at any time during or after his employment with the Company, sign all instruments and documents reasonably requested by the Company and otherwise cooperate with the Company to protect its right to such ideas, discoveries, inventions, or improvements including applying for, obtaining, and enforcing patents and copyrights thereon in such countries as Company shall determine.