Personal Property - Leased. Schedule 5.10 attached hereto contains a ------------- list of all leases or other material agreements under which Seller is lessee of or holds or operates any items of machinery, equipment, motor vehicles, office furniture, computer software, fixtures or other tangible personal property owned by any third party. True, complete and correct copies (or, in the case of oral leases or agreements, descriptions) of such leases and agreements have been furnished to Buyer. Seller is the owner and holder of all of the leasehold estates purported to be granted by such leases or agreements and all other leases or agreements under which it is lessee of or holds or operates any such items owned by a third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. There is not under any of such leases any existing default or event, condition or occurrence which, with the giving of notice or lapse of time, or both, would constitute a default thereunder. Each of the items of personal property covered by leases or agreements of Seller is in good operating condition and repair, is in such condition as to permit surrender thereof by Seller to the lessors on the date hereof without any cost or expense for repair or restoration if such leases were terminated on the date hereof, is suitable for the uses for which intended by Seller in the ordinary course of the Purchased Business and there does not exist any condition which interferes in any material way with the use or economic value thereof.
Personal Property - Leased. Seller has disclosed in Schedule 1.1.4 all leases under which Seller leases personal property from others. Seller has furnished Purchaser with a true and complete copy of all such leases. The property described in such leases is presently used by Seller as lessee under the terms of such leases and such leases are in full force and effect, and no defaults exist under such leases and there exists no event which, with the giving of notice or passage of time or both, would constitute a default under such leases. All of such leases are assignable to Purchaser hereunder, and Seller shall obtain all necessary consents to such assignment.
Personal Property - Leased. Schedule 1.05 sets forth a list of all material machinery, equipment, vehicles and other tangible personal property used in the operation of the Division which is covered by a lease to which Seller is a party.
Personal Property - Leased. All leases of any material personal property used solely in the B-Line Business of which any of the Operating Companies is a lessee are in full force and effect, all rental payments due under such leases have been paid and there exist no material defaults by any of the Operating Companies under the terms of such leases, and, except as set forth on Schedule 5.2.8, the consummation of the transactions contemplated by this Agreement will not create any such default with respect to such leases or result in the lessor having the right to terminate or alter the operative provisions of any such leases.
Personal Property - Leased. All leases of Personal Property entered into by Schlumberger, Bakex Xxxhxx xx any of their respective Affiliates (as lessees), including master leases pertaining to vehicles, vessels and equipment, which in any case are not fully performed as of the Closing Date; provided, however, that once discovered, any such material leases that are not listed on the appropriate Schedule or Exhibit may be returned by the Venture Entities to the transferring party and need not be assumed by the Venture Entities.
Personal Property - Leased. All leases of Personal Property entered into by Marathon and its Affiliates (as lessees), including master leases pertaining to vehicles, vessels, barges and railcars, which in any case are not fully performed as of the Closing Date, but only to the extent that the underlying Personal Property is used or held for use primarily in or related primarily to the operation or conduct of Marathon’s Business, including the leases for the use of Personal Property identified on Schedule 2.1(j) to the Marathon Asset Transfer and Contribution Agreement Disclosure Letter (the “Marathon Personal Property Leases”), and any additions, improvements, replacements and alterations thereto made as permitted by the terms of this Agreement and the Master Formation Agreement between the date of this Agreement and the Closing Date.
Personal Property - Leased. All leases of Personal Property entered into by Ashland and its Affiliates (as lessees), including master leases pertaining to vehicles, vessels, barges and railcars, which in any case are not fully performed as of the Closing Date, but only to the extent that the underlying Personal Property is used or held for use primarily in or related primarily to the operation or conduct of Ashland’s Business, including the leases for the use of Personal Property identified on Schedule 3.1(j) to the Ashland Asset Transfer and Contribution Agreement Disclosure Letter (the “Ashland Personal Property Leases”), and any additions, improvements, replacements and alterations thereto made as permitted by the terms of this Agreement and the Master Formation Agreement between the date of this Agreement and the Closing Date.
Personal Property - Leased. Schedule 2.12 attached hereto is a complete and accurate description of each item of personal property which is leased by or to the Company as of the Closing. All the leases listed in Schedule 2.12 are valid and in full force on their present terms and conditions. Except as indicated in said Schedule 2.12, there does not exist any default or event that with notice or lapse of time, or both, would constitute a default under any of such leases. All such leases will be unaffected by the sale of Company Shares hereunder so that, after such sale, Company will remain entitled to the full benefits thereof.
Personal Property - Leased. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the personal property owned by Lessor on the Effective Date which is used in producing product and is located at 000 Xxxxx Xxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxx (the “Premises”) including, but not limited to, any personal property which secures any financing obtained by Lessor from a third party or otherwise serves as collateral for any obligations of Seller (collectively, the “Personal Property”).
Personal Property - Leased. Schedule 6.10 attached hereto contains a list of all leases or other material agreements under which Xxxx or its subsidiaries are lessees of or hold or operate any items of machinery, equipment, motor vehicles, office furniture, computer software, fixtures or other tangible personal property owned by any third party. Upon request by A-G Tech, true, complete and correct copies (or, in the case of oral leases or agreements, descriptions) of such leases and agreements will be furnished to A-G Tech. Xxxx or its subsidiaries are the owners and holders of all of the leasehold estates purported to be granted by such leases or agreements and all other leases or agreements under which it is lessee of or holds or operates any such items owned by a third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. There is not under any of such leases any existing default or event, condition or occurrence which, with the giving of notice or lapse of time, or both, would constitute a default thereunder. Each of the items of personal property covered by leases or agreements of Xxxx or its subsidiaries is in good operating condition and repair, is in such condition as to permit surrender thereof to the lessors on the date hereof without any cost or expense for repair or restoration if such leases were terminated on the date hereof, is suitable for the uses for which intended by Xxxx or its subsidiaries in the ordinary course of its business and there does not exist any condition which interferes in any material way with the use or economic value thereof.
