Common use of Intangibles and Personal Property Clause in Contracts

Intangibles and Personal Property. Notwithstanding any other provision hereof but subject to Section 6.4 relating to the security interest in favor of Lessor, Lessor’s Personal Property shall not include goodwill nor shall it include any other intangible personal property that is severable from Lessor’s “interests in real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto. All of Lessor’s Personal Property is leased to Lessee pursuant to the terms hereof.

Appears in 4 contracts

Samples: Master Lease Agreement (Omega Healthcare Investors Inc), Master Lease Agreement (Sun Healthcare Group Inc), Master Lease Agreement (Sun Healthcare Group Inc)

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Intangibles and Personal Property. Notwithstanding any other provision hereof of this Lease but subject to Section 6.4 relating to the security interest in favor of Lessor, Lessor’s 's Personal Property shall not include goodwill nor shall it include any other intangible personal property that is severable from Lessor’s “'s "interests in real property" within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto. All of Lessor’s Personal Property is leased to Lessee pursuant to the terms hereof.

Appears in 2 contracts

Samples: Master Lease (Advocat Inc), Master Lease Agreement (Alterra Healthcare Corp)

Intangibles and Personal Property. Notwithstanding any other provision hereof but subject to Section 6.4 relating to the security interest in favor of Lessor, Lessor’s 's Personal Property shall not include goodwill nor shall it include any other intangible personal property that is severable from Lessor’s “'s "interests in real property" within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto. All of Lessor’s 's Personal Property is leased to Lessee pursuant to the terms hereof.

Appears in 1 contract

Samples: Master Lease Agreement (Sun Healthcare Group Inc)

Intangibles and Personal Property. Notwithstanding any other provision hereof of this Lease, but subject to Section 6.4 relating to the security interest in favor of Lessor, Lessor’s 's Personal Property shall not include goodwill goodwill, nor shall it include any other intangible personal property that is severable from Lessor’s “'s "interests in real property" within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto. All of Lessor’s 's Personal Property is leased to Lessee pursuant to the terms hereof.

Appears in 1 contract

Samples: Master Lease (Integrated Health Services Inc)

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Intangibles and Personal Property. Notwithstanding any other provision hereof of this Lease but subject to Section 6.4 relating to the security interest in favor of Lessor, Lessor’s Personal Property shall not include goodwill nor shall it include any other intangible personal property that is severable from Lessor’s “interests in real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto. All of Lessor’s Personal Property is leased to Lessee pursuant to the terms hereof.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

Intangibles and Personal Property. Notwithstanding any other provision hereof of this Lease, but subject to Section 6.4 relating to the security interest in favor of Lessor, Lessor’s Personal Property shall not include goodwill nor shall it include any other intangible personal property that is severable from Lessor’s “interests in real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto. All of Lessor’s Personal Property is leased to Lessee pursuant to the terms hereof.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

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