Owned Tangible Personal Property definition
Examples of Owned Tangible Personal Property in a sentence
Except as set forth on Schedule 4.11(a) of the Company Disclosure Schedules, the Owned Tangible Personal Property is free and clear of any Encumbrances (other than Permitted Encumbrances).
The Company or a wholly owned Subsidiary has good title to, or a valid leasehold interest in, all Owned Tangible Personal Property and all Leased Tangible Personal Property, free and clear of any Encumbrances, other than Permitted Encumbrances.
Upon any such termination under this Section, and, concurrently therewith, the provisions of Section 1.C with respect to the transfer of Ancillary Rights and Obligations and Tenant Owned Tangible Personal Property shall apply.
Upon the expiration or earlier termination of this Lease, (i) all the Ancillary Rights and Obligations, to the extent then still in force and effect, shall be assigned to and become the property and obligation of Landlord, and (ii) Landlord shall have the right, at its option, to purchase all Tenant Owned Tangible Personal Property, if any, for its then Fair Market Value.
Except as set forth on Schedule 3.06, at the Closing, the Companies will have good title to all of the Owned Tangible Personal Property except for defects in title which would not reasonably be expected to interfere with the use and enjoyment of such Owned Tangible Personal Property other than in respects that are immaterial to such Owned Tangible Personal Property, taken as a whole.