Purchase of Inventories and Fixed Asset Supplies Sample Clauses

Purchase of Inventories and Fixed Asset Supplies. Upon Termination, Operator shall have the option, to be exercised within thirty (30) Days after Termination, to purchase, at their then book value, any items of the Retirement Community's Inventories and Fixed Asset Supplies as may be marked with the Proprietary Marks subject to Section 4.
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Purchase of Inventories and Fixed Asset Supplies. Upon Termination, either of this entire Agreement or with respect to a given Inn, Manager shall have the option, to be exercised within thirty (30) days after Termination, to purchase, at their then book value, any items of such Inn's Inventories and Fixed Asset Supplies as may be marked with any Trade Name, or any Marriott or Residence Inn trademark, other trade name, symbol, logo or design. In the event Manager does not exercise such option, Lessee agrees that it will use any such items not so purchased exclusively in connection with such Inn (or one of the other Inns) until they are consumed.
Purchase of Inventories and Fixed Asset Supplies. Upon Termination, Management Company shall have the option, to be exercised within thirty (30) days after Termination, to purchase, at their then book value, any items of the Hotel's Inventories and Fixed Asset Supplies as may be marked with the Marriott name or any Marriott trademark, trade name, symbol, logo, or design. Should the removal of any such items result in damage to other Hotel property, Management Company shall be responsible for repairing such harm. In the event Management Company does not exercise its purchase option, Owner agrees that it will use any such items not so purchased exclusively in connection with the Hotel until they are consumed.
Purchase of Inventories and Fixed Asset Supplies. Upon Termination, Management Company shall have the option, to be exercised no later than thirty (30) days prior to Termination, to elect to purchase, at their then book value, any items of the Inn's Inventories and Fixed Asset Supplies as may be marked with the Marriott or Residence Inn name or any other Proprietary Xxxx. In the event ManagementCompany does not exercise such option, Owner agrees that it will use any such items not so purchased exclusively in connection with the Inn until they are consumed.
Purchase of Inventories and Fixed Asset Supplies. A. Upon Termination, either of this entire Agreement or for a given Hotel, Manager shall have the option, to be exercised within thirty (30) days after Termination, to purchase, at their then book value, any items of such Hotel's Inventories and Fixed Asset Supplies as may be marked with the Marriott, Courtyard by Marriott, or Courtyard names or any Marriott or Courtyard trademark, trade name, symbol, logo or design. If Manager does not exercise such option, Owner will use any items not so purchased exclusively in connection with the Hotel in which they are located until they are consumed. B. During the term of this Agreement and thereafter, for so long as Owner is known as Courtyard by Marriott Limited Partnership, Owner and its Affiliates whose names incorporate the name "Courtyard" or "Marriott" may use such names to the extent necessary on their legal or business documents. Upon Termination of this Agreement as to all Hotels, Owner shall not use or cause its Affiliates to use the words "Courtyard" or "Marriott" on any stationery, advertising or other means of identification except as used in the name "Courtyard by Marriott Limited Partnership" unless specifically agreed to in a written agreement.
Purchase of Inventories and Fixed Asset Supplies. Upon Termination, the Management Company shall purchase, within [ ] days after Termination, at their then book value, any items of the Hotel's Inventories and Fixed Asset Supplies as may be marked with the [ ] name or any [ ] trade name, trademark, symbol, logo or design. In the event that Owner and Management Company mutually agree that certain items will not be so purchased, Owner covenants that any such items not so purchased shall be used exclusively in connection with the Hotel until they are consumed.

Related to Purchase of Inventories and Fixed Asset Supplies

  • Location of Inventory and Equipment The Inventory and Equipment are not stored with a bailee, warehouseman, or similar party (without Foothill's prior written consent) and are located only at the locations identified on Schedule 6.12 or otherwise permitted by Section 6.12.

  • As to Equipment and Inventory Grantor hereby agrees that it shall: (a) keep all the Equipment and Inventory (other than Inventory in transit and Inventory sold in the ordinary course of business) at the places therefor specified in Section 3.1.1 or, upon 30 days' prior written notice to Agent, at such other places in a jurisdiction where all representations and warranties set forth in Article III (including Section 3.1.6) shall be true and correct, and all action required pursuant to the first sentence of Section 4.1.7 shall have been taken with respect to the Equipment and Inventory; (b) with respect to any Equipment or Inventory in the possession or control of any Third Party or any of Grantor's agents, notify such Third Party or agent of Agent's security interest in such Equipment or Inventory and, upon Agent's request following the occurrence and during the continuance of an Event of Default, direct such Third Party or agent to hold all such Equipment or Inventory for Agent's account and subject to Agent's instructions; (c) cause the Equipment to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and in accordance with any manufacturer's manual; and forthwith, or in the case of any material loss or damage to any of the Equipment, as quickly as practicable after the occurrence thereof, make or cause to be made all repairs, replacements, and other improvements in connection therewith which are necessary or desirable to such end; and promptly furnish to Agent a statement respecting any loss or damage to any of the Equipment within ten (10) business days after Grantor obtains knowledge of any such loss or damage; and (d) pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Equipment and Inventory, except to the extent the validity thereof is being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with Generally Accepted Accounting Principles have been set aside.

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Stored equipment We accept no responsibility for any stored equipment or other property brought on to or left at the premises, and all liability for loss or damage is hereby excluded. All equipment and other property (other than stored equipment) must be removed at the end of each hiring or we will charge fees each day or part of a day at the hire fee per hiring until the same is removed. We may, in our discretion, dispose of any items referred to below by sale or otherwise on such terms and conditions as we think fit, and charge you any costs we incur in storing and selling or otherwise disposing of the same, in any of the following circumstances: (i) your failure either to pay any charges in respect of stored equipment due and payable or to remove the same within seven days after the agreed storage period has ended (ii) your failure to dispose of any property brought on to the premises for the purposes of the hiring.

  • Accessories, Spare Parts and Tools Accessories, spare parts and tools dispatched with a piece of equipment, machine, apparatus or vehicle, which are part of the normal equipment and included in the price thereof or which are not separately invoiced, shall be regarded as one with the piece of equipment, machine, apparatus or vehicle in question.

  • Certain Requirements as to Furniture, Equipment and Fixtures If the Assuming Institution purchases owned Bank Premises or accepts an assignment of the lease (or enters into a sublease or a new lease in lieu thereof) for leased Bank Premises as provided in Section 4.6(a) or 4.6(b), or if the Assuming Institution does not exercise such option but within twelve (12) months following Bank Closing obtains the right to occupy such premises (whether by assignment, lease, sublease, purchase or otherwise), other than in accordance with Section 4.6(a) or (b), the Assuming Institution shall (i) effective as of the date of Bank Closing, purchase from the Receiver all Furniture and Equipment and Fixtures owned by the Failed Bank at Fair Market Value and located thereon as of Bank Closing, (ii) accept an assignment or a sublease of the leases or negotiate new leases for all Furniture and Equipment and Fixtures leased by the Failed Bank and located thereon, and (iii) if applicable, accept an assignment or a sublease of any ground lease or negotiate a new ground lease with respect to any land on which such Bank Premises are located; provided, that the Receiver shall not have disposed of such Furniture and Equipment and Fixtures or repudiated the leases specified in clause (ii) or (iii).

  • Computer Equipment Recycling Program If this Contract is for the purchase or lease of computer equipment, then Contractor certifies that it is in compliance with Subchapter Y, Chapter 361 of the Texas Health and Safety Code related to the Computer Equipment Recycling Program and the Texas Commission on Environmental Quality rules in 30 TAC Chapter 328.

  • Supplies and Equipment The Union and employees will not use state-purchased supplies or equipment to conduct union business or representational activities. This does not preclude the use of the telephone for representational activities if there is no cost to the Employer, the call is brief in duration and it does not disrupt or distract from the Employer’s business.

  • Tooling Unless otherwise specified in this Agreement, all tooling and/or all other articles required for the performance hereof shall be furnished by Seller, maintained in good condition and replaced when necessary at Seller's expense. If NETAPP agrees to pay Seller for special tooling or other items either separately or as a stated part of the unit price of Goods purchased herein, title to same shall be and remain in NETAPP upon payment therefore.

  • Inventories All of the Assets constituting inventory are owned or used by Company, are in good, current, standard and merchantable condition and are not obsolete or defective.

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