REMOVED PROPERTY Clause Samples

The "REMOVED PROPERTY" clause defines the rights and procedures regarding items or fixtures that are taken out of a property, typically during a sale or lease. It specifies which items the seller or tenant is permitted to remove, such as appliances, light fixtures, or personal belongings, and may outline the condition in which the property must be left after removal. This clause ensures both parties are clear on what will remain and what will be taken, preventing disputes over ownership and the state of the property at the end of the transaction.
REMOVED PROPERTY. The City is hereby authorized, in its sole discretion, to remove a portion of the Property (“Removed Property”) from this Agreement at any time, provided that the City and the owner of the Removed Property concurrently enter into a modified development agreement governing the development and use of the Removed Property. The remaining portion of the Property, which has not been removed from this Agreement as described above, shall continue to be bound by the terms of this Agreement.
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REMOVED PROPERTY. In the event of re-entry and removal of the articles found on the Premises as herein before provided, the Lessee hereby authorizes and requests the Lessor to sell the same at public or private sale with or without notice, and the proceeds thereof after paying the expenses of removal, storage and sale to apply towards the rent reserved herein, rending the over plus, if any, to Lessee upon demand.
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REMOVED PROPERTY. Any and all property which may be removed from the Premises by Landlord pursuant to the authority of this Lease or of Law, to which Tenant is or may be entitled, may be handled, removed or stored by Landlord at the sole risk, cost and expense of Tenant, and Landlord shall in no event be responsible for the value, preservation or safekeeping thereof. Tenant shall pay to Landlord, upon demand, any and all expenses incurred in such removal and all storage charges against such property so long as the same shall be in Landlord's possession or under the Landlord's control. Any such property of Tenant not removed from the Premises or retaken from storage by Tenant within thirty (30) days after the end of the Term or of Tenant's right to possession of the Premises, however terminated, shall be conclusively deemed to have been forever abandoned by Tenant and either may be retained by Landlord as its property or may be disposed of in such manner as Landlord may see fit.
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REMOVED PROPERTY. Notwithstanding the foregoing or anything contained herein to the contrary, Seller and ▇▇▇▇▇ acknowledge and agree that (a) the properties located at ▇▇▇▇ ▇▇▇▇ ▇▇▇. S., St. Petersburg, FL 33712 and 6710-▇▇▇▇ ▇. ▇▇▇▇▇ Dr., Missouri City, TX 77489 (each as set forth on Exhibit A to the Purchase Agreement) each constitutes an “Excluded Property” as of the Amendment Effective Date (the “Post-Signing Removed Property Designation Date”) and the provisions of Section 2.9 of the Purchase Agreement shall apply to each such “Excluded Property” and (b) on and after the Post-Signing Removed Property Designation Date, the Parties will have no further rights or obligations under the Purchase Agreement with respect to each such Excluded Property except for those obligations expressly set forth in the Purchase Agreement with respect to each such Excluded Property and those obligations which expressly survive the termination of the Purchase Agreement with respect to each such Excluded Property. For the avoidance of doubt, the Excluded Property Purchase Price Reduction with respect to the foregoing Excluded Properties is (i) $240,361.00, with respect to the property located at ▇▇▇▇ ▇▇▇▇ ▇▇▇. S., St. Petersburg, FL 33712 and (ii) $251,524.00, with respect to the property located at ▇▇▇▇-▇▇▇▇ ▇. ▇▇▇▇▇ Dr.,
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REMOVED PROPERTY 
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Related to REMOVED PROPERTY

  • Additional Property The Trustee is specifically authorized to receive additional property from any source and to hold and administer this property as part of the Trust Estate.

  • Leased Properties Section 3.22 of the Disclosure Schedule sets forth a list of all of the leases and subleases ("Leases") and each leased and subleased parcel of real property in which the Company has a leasehold or subleasehold interest or to which the Company is a party either as landlord or sublandlord (the "Leased Real Property"). Each of the Leases are in full force and effect, and the Company holds a valid and existing leasehold or subleasehold interest or Landlord or Sublandlord interest as applicable, under each of the Leases described in Section 3.22 of the Disclosure Schedule. The Company has delivered to HK true, correct, complete and accurate copies of each of the Leases. With respect to each Lease set forth on Section 3.22 of the Disclosure Schedule: (i) the Lease is legal, valid, binding, enforceable and in full force and effect; (ii) to the Knowledge of the Company the Lease will continue to be legal, valid, binding, enforceable and in full force and effect on identical terms following the Closing; (iii) neither the Company, nor, to the Knowledge of the Company, any other party to the Lease, is in breach or default, and no event has occurred which, with notice or lapse of time, would constitute such a breach or default by the Company or permit termination, modification or acceleration under the Lease by any other party thereto; (iv) the Company has not, and, to the Knowledge of the Company, no third party has repudiated any provision of the Lease; (v) there are no disputes, oral agreements, or forbearance programs in effect as to the Lease; (vi) the Lease has not been modified in any respect, except to the extent that such modifications are disclosed by the documents delivered to HK; (vii) the Company has not assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in the Lease (except for Permitted Liens); and (viii) the Lease is fully assignable to HK without the necessity of any consent or the Company shall obtain all necessary consents prior to the Closing.

  • Excluded Property Notwithstanding anything to the contrary in Section 2.1, the property, assets, rights and interests set forth in this Section 2.2 (the “Excluded Property”) are excluded from the Property:

  • B8 Property Where the Client issues Property free of charge to the Contractor such Property shall be and remain the property of the Client and the Contractor irrevocably licences the Client and its agents to enter upon any premises of the Contractor during normal business hours on reasonable notice to recover any such Property. The Contractor shall not in any circumstances have a lien or any other interest on the Property and the Contractor shall at all times possess the Property as fiduciary agent and bailee of the Client. The Contractor shall take all reasonable steps to ensure that the title of the Client to the Property and the exclusion of any such lien or other interest are brought to the notice of all sub-contractors and other appropriate persons and shall, at the Client’s request, store the Property separately and ensure that it is clearly identifiable as belonging to the Client.

  • Owned Property We do not cover property damage to property owned by any insured or any other resident of any insured's household. This includes expenses and costs incurred by any insured or others to repair, replace, restore or maintain such property to prevent injury to a person or damage to property of others, whether on or away from an insured location.