Transfer of Personal Property Clause Samples

Transfer of Personal Property. Effective as of the date hereof, Transferor hereby grants, assigns, transfers, conveys and delivers to Transferee, absolutely and unconditionally, and free from all encumbrances and other claims of any kind, all of Transferor’s right, title and interest in and to the Personal Property (as defined in the Agreement) as listed on Exhibit B to this B▇▇▇ of Sale, which is attached hereto and incorporated herein by reference.

Transfer of Personal Property. Trustor shall not voluntarily, ----------------------------- involuntarily or by operation of law sell, assign, transfer, hypothecate, pledge or otherwise dispose of the Personal Property or any interest therein and shall not otherwise do or permit anything to be done or occur that may impair the Personal property as security hereunder, except that so long as this Deed of Trust is not in default, Trustor shall be permitted to sell or otherwise dispose of the Personal Property when absolutely worn out, inadequate, unserviceable or unnecessary for use in the operation of the Property or in the conduct of the business of Trustor, upon replacing the same or substituting for the same other Personal Property at least equal in value to the initial value of that disposed of and in such a manner so that said Personal Property is sold in connection with the sale of the Property.

Transfer of Personal Property. The personal property to be conveyed at closing as set forth on attached Exhibit “B”, if any, shall be conveyed, without warranty, by Seller, free and clear of all personal property taxes and assessments (except personal property taxes and assessments for the year of closing), liens and encumbrances. Conveyance shall be by ▇▇▇▇ of sale or other applicable legal instrument, without warranty.

Transfer of Personal Property. The Personal Property to be conveyed at 211 closing shall be conveyed, by Seller, free and clear of all taxes (except personal property taxes for the 212 year of closing), liens and encumbrances, except 214 Conveyance shall be by bill of sale or other applicable legal instrument. 215

Transfer of Personal Property. Seller agrees, at the time of closing hereunder and upon receipt of the balance due on the Purchase Price, to execute and deliver to Buyer a Quitclaim ▇▇▇▇ of Sale with respect to the Personal Property, and said ▇▇▇▇ of Sale shall release to Buyer all right, title and interest of Seller in and to the Personal Property subject to all encumbrances, liens (including, without limitation, unpaid personal property taxes and personal property tax liens), charges, laws, redemption rights, matters and regulations.

Transfer of Personal Property. GMFR shall sell, transfer and assign to Towns all of the following described personal property owned and used by GMFR in the conduct of its business, free and clear of all liens, liabilities, pledges and encumbrances of any kind or nature whatsoever, as more particularly described in Exhibit D, attached hereto and incorporated herein by reference: (a) All of GMFR’s fixed assets and improvements associated with the Real Property; (b) All of GMFR’s vehicles (except for GMFR’s 53 Chevy Truck, as that term is defined in Section 3.6 below, which shall be retained by GMFR); (c) All of GMFR’s fire and rescue equipment and accessory items, including, without limitation, all protective gear, uniforms, supplies, branded materials, computers, phones, cameras, other technological devices and related software and accessories; and (d) All of GMFR’s furniture, appliances, office equipment and other miscellaneous items (collectively, the “Personal Property”). Exhibit D may not be an exhaustive list and thus to the extent that GMFR is in possession of items that fall into the general categories listed above as subsections (a),(b),(c) and (d) but are not included in Exhibit D, those items shall nonetheless be considered Personal Property under this Agreement and are to be transferred to the Towns as well. Exhibit D is a summary of the complete list of GMFR personal property items, which are fully detailed in an inventory document that GMFR shall provide to the Towns at or prior to the Personal Property/Other Assets Closing date.

Transfer of Personal Property. The Personal Property to be conveyed at Closing shall be conveyed, by Seller, free and clear of all taxes, (except personal property taxes for the year of closing), liens and encumbrances, except None. Conveyance shall be by bill of sale or other applicable legal instrument.

Transfer of Personal Property. Seller will execute and deliver to Buyer a transferable b▇▇▇ of sale, pursuant to which Seller will transfer to Buyer marketable fee simple title to the Personal Property, free and clear of all liens and encumbrances. The b▇▇▇ of sale will be in the form attached hereto as Exhibit M.

Transfer of Personal Property and Capital Additions to Lessor --------------------------------------------------------------------- . Upon the expiration or earlier termination of this Lease with respect to a Facility, all Capital Additions not owned by Lessor and Lessee's Personal Property relating to such Facility which does not provide a new function with respect to Lessor's Personal Property relating to such Facility shall become the property of Lessor, free of any encumbrance and Lessee shall execute all documents and take any actions reasonably necessary to evidence such ownership and discharge any encumbrance. Except as set forth in Sections 10.3 and 10.4 below (if applicable), upon the expiration or earlier termination of this Lease with respect to any Facility, Lessor shall not be obligated to reimburse Lessee for any replacements, rebuildings, alterations, additions, substitutions, and/or improvements that are surrendered as part of or with the Leased Property or Capital Additions of such Facility.