Sale of Furniture Sample Clauses

Sale of Furniture. Sublesssor, upon execution of this Sublease, shall ----------------- convey to Sublessee, by a Xxxx of Sale prepared by Sublessor, the phone system, the furniture, the power distribution system currently located in the computer room and raised computer flooring existing in the Subleased Premises for a total sum of Fifty Thousand and no/100 Dollars ($50,000.00)(the "Purchase Price") which shall be due and payable in full upon execution of this Sublease. At the expiration or earlier termination of the term of this Sublease, Sublessee shall be responsible for removing the raised computer flooring from the Subleased Premises and restoring the Premises to the condition required as per the terms of the Prime Lease.
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Sale of Furniture. 16.1. The Lessor hereby purchases from the Lessee, or its nominee, which hereby sells to the Lessor the items as set out in Annexure A hereto for an amount of R ( ) including VAT which shall be payable by the Lessor to the Lessee 30 days from signature of this lease. 16.2. The Lessee shall, against payment of the furniture purchase price in 18.1, furnish the Lessor with a Tax Invoice in respect thereof. 16.3. Ownership and risk in the furniture shall pass to the Lessor on the transfer date. 16.4. If, on the transfer date, the purchase price of the furniture or any balance thereof is outstanding, the Lessee shall be entitled to set off such outstanding balance against rental and any other amounts as may be payable by the Lessee to the Lessor in terms of this lease. 16.5. Any outstanding amounts on the furniture shall accrue interest at Prime plus 2%.
Sale of Furniture. Fixtures and Equipment to Company by MNB. If the Company desires to purchase and MNB agrees to sell any identified furniture, fixtures or equipment owned by MNB and located at MNB's headquarters or at any other location of MNB which was previously used in MNB's Residential Mortgage Loan Group and if RFC approves pursuant to Section 2.06(c) of the Operating Agreement, then the Company shall remit to MNB the negotiated value of such items on the Closing Date and attach to this Agreement an EXHIBIT I, listing such items.
Sale of Furniture. 16.1. The Lessor hereby purchases from the Lessee, or its nominee, which hereby sells to the Lessor the items as set out in Annexure A hereto for an amount of R190,800 (One Hundred and Ninety Thousand, Eight Hundred Rand) including VAT which shall be payable by the Lessor to the Lessee within 7 days of signature of the lease agreement. 16.2. The Lessee shall, against payment of the furniture purchase price in 18.1, furnish the Lessor with a Tax Invoice in respect thereof. 16.3. Ownership and risk in the furniture shall pass to the Lessor on the transfer date. 16.4. If, on the transfer date, the purchase price of the furniture or any balance thereof is outstanding, the Lessee shall be entitled to set off such outstanding balance against rental and any other amounts as may be payable by the Lessee to the Lessor in terms of this lease. 16.5. Any outstanding amounts on the furniture shall accrue interest at Prime plus 2%.
Sale of Furniture. Contemporaneously with the delivery of the Subleased Premises by Sublandord to Subtenant, Sublandlord shall sell to Subtenant all those certain items of furniture and personal property in the Subleased Premises as set forth on Exhibit B attached hereto (herein called --------- "Personal Property/Furniture"). Subtenant shall accept said Personal Property/Furniture in their "AS IS", "WHERE IS" and "WITH ALL FAULTS" condition, without any representation or warranty whatsoever from Sublandlord with respect thereto. Sublandlord shall sell to Subtenant and Subtenant shall purchase from Sublandlord said Personal Property/Furniture for the purchase price of One Dollar ($1.00) pursuant to that Xxxx of Sale attached to Exhibit B. In selling such Personal Property/Furniture to Subtenant, Sublandlord makes no warranties or representations whatsoever regarding the Personal Property/Furniture and expressly excludes any such warranty or representation, either express or implied, as to the manufacture, fitness, merchantability, quality, condition, capacity, suitability, or fitness for a particular purpose of the Furniture. The Furniture shall be so sold to Subtenant in their "AS IS" and "WHERE IS" condition, with all faults and defects.

Related to Sale of Furniture

  • 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).

  • Installation and Use You may install and use the Software only for the number of licenses acquired by you. In order to exercise your rights to the Software under this Agreement, you must activate your copy of the Software in the manner described during the launch sequence.

  • Provision and Removal of Equipment B2.1 The Contractor shall provide all the Equipment necessary for the supply of the Services.

  • Basis of Sale of Shares Distributor does not agree to sell any specific number of Shares. Distributor, as agent for the Trust, undertakes to sell Shares on a best efforts basis only against orders therefor.

  • Removal of Fixtures (a) So long as the Tenant is not in default hereunder at the expiration of the Term, the Tenant shall then have the right to remove its trade fixtures from the Premises but shall make good any damage caused to the Premises resulting from the installation or removal thereof; provided that all alterations, additions and improvements constructed and installed in the Premises and attached in any manner to the floors, walls or ceiling, including any floor covering and light fixtures, are hereby deemed not to be trade fixtures and shall remain upon and be surrendered with the Premises, except to the extent the Landlord requires removal thereof. (b) If the Tenant fails to remove its trade fixtures and restore the Premises as aforesaid, all such trade fixtures shall become the property of the Landlord except to the extent that the Landlord continues to require removal thereof. (c) Should the Tenant abandon the Premises or should this Lease be terminated before the proper expiration of the Term due to a default on the part of the Tenant then, in such event, as of the moment of default by the Tenant, all trade fixtures and furnishings of the Tenant (whether or not attached in any manner to the Premises) shall, except to the extent the Landlord requires the removal thereof, become and be deemed to be the property of the Landlord, without indemnity to the Tenant and as additional liquidated damages in respect of such default but without prejudice to any other right or remedy of the Landlord. (d) Notwithstanding that any trade fixtures, alterations, additions, improvements or fixtures are or may become the property of the Landlord, the Tenant shall forthwith remove all or part of the same and shall make good any damage caused to the Premises resulting from the installation or removal thereof, all at the Tenant’s expense, should the Landlord so require by notice to the Tenant. (e) If the Tenant, after receipt of a notice from the Landlord, fails to promptly remove any trade fixtures, furnishings, alterations, additions, improvements and fixtures in accordance with such notice, then the Landlord may enter into the Premises and remove therefrom all or part of such trade fixtures, furnishings, alterations, additions, improvements and fixtures without any liability and at the expense of the Tenant, which expense shall forthwith be paid by the Tenant to the Landlord.

  • 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.

  • Inspection and Rejection of Nonconforming Goods The Buyer has the right to inspect the Goods on or after the Delivery Date. Buyer, at its sole option, may inspect all or a sample of the Goods, and may reject all or any portion of the Goods if it determines the Goods are nonconforming or defective. If Buyer rejects any portion of the Goods, Buyer has the right, effective upon written notice to Seller, to: (a) rescind the Order in its entirety; (b) accept the Goods at a reasonably reduced price; or (c) reject the Goods and require replacement of the rejected Goods. If Buyer requires replacement of the Goods, Seller shall, at its expense, promptly replace the nonconforming Goods and pay for all related expenses, including, but not limited to, transportation charges for the return of the defective goods and the delivery of replacement Goods. If Seller fails to timely deliver replacement Goods, Buyer may replace them with goods from a third party and charge Seller the cost thereof and terminate this Order for cause pursuant to Section 19. Any inspection or other action by Buyer under this Section shall not reduce or otherwise affect Seller's obligations under the Order, and Buyer shall have the right to conduct further inspections after Seller has carried out its remedial actions.

  • Installation and Use Rights You may install and use any number of copies of the software on your devices.

  • Surrender of Premises Ownership and Removal of Trade Fixtures 23.1 No act or thing done by Landlord or any agent or employee of Landlord during the Lease Term shall be deemed to constitute an acceptance by Landlord of a surrender of the Premises unless such intent is specifically acknowledged in writing by Landlord. The delivery of keys to the Premises to Landlord or any agent or employee of Landlord shall not constitute a surrender of the Premises or effect a termination of this Lease, whether or not the keys are thereafter retained by Landlord, and notwithstanding such delivery Tenant shall be entitled to the return of such keys at any reasonable time upon request until this Lease shall have been properly terminated. The voluntary or other surrender of this Lease by Xxxxxx, whether accepted by Landlord or not, or a mutual termination hereof, shall not work a merger, and at the option of Landlord shall operate as an assignment to Landlord of all subleases or subtenancies affecting the Premises or terminate any or all such subtenants or subtenancies. 23.2 Upon the expiration of the Lease Term, or upon any earlier termination of this Lease, Tenant shall, subject to the provisions of this Article 23 and section 8.2 above, quit and surrender possession of the Premises to Landlord in as good order and condition as when Xxxxxx took possession, ordinary wear and tear and damage thereto by fire or other casualty excepted. Upon such expiration or termination, Tenant shall, without expense to Landlord, remove or cause to be removed from the Premises all debris and rubbish, and such items of furniture, equipment, business and trade fixtures, free-standing cabinet work, movable partitions, voice and data cabling and other articles of personal property owned by Tenant or installed or placed by Tenant at its expense in the Premises, and such similar articles of any other persons claiming under Tenant, as Landlord may, in its sole discretion, require to be removed; provided, however, that in lieu of removing certain cabling, Tenant shall, at Landlord's request, abandon and leave in place, without additional payment to Tenant or credit against rent, any cabling (including conduit) designated by Landlord and installed in the Premises or elsewhere in the Building by or on behalf of Tenant (including all connections for such cabling), in a neat and safe condition in accordance with the requirements of all applicable Legal Requirements, including the National Electric Code or any successor statute, and terminated at both ends of a connector, properly labeled at each end and in each electrical closet and junction box. Any such property not so removed by Tenant shall be deemed to be abandoned and at the option of Landlord shall either (a) become Landlord's property without any payment to Tenant or (b) remain Tenant's property, but Landlord shall have the right to sell or otherwise dispose of such personal property in any commercially reasonable manner, provided that any proceeds realized from the sale of Tenant's property shall be applied first to offset all expenses of storage and sale, then credited against Tenant's outstanding obligations under this Lease (including, without limitation, past due rent amounts and any termination damages owing by Tenant to Landlord pursuant to Article 19 hereof), and any remaining balance shall be returned to Tenant.

  • Removal of Alterations If Tenant fails to remove by the expiration or earlier termination of this Lease all of its personal property, or any Alterations identified by Landlord for removal, Landlord may, at its option, treat such failure as a hold-over pursuant to Subparagraph 11(b) above, and/or Landlord may (without liability to Tenant for loss thereof) treat such personal property and/or Alterations as abandoned and, at Tenant's sole cost and expense, and in addition to Landlord's other rights and remedies under this Lease, at law or in equity: (a) remove and store such items; and/or (b) upon ten (10) days prior notice to Tenant, sell, discard or otherwise dispose of all or any such items at private or public sale for such price as Landlord may obtain or by other commercially reasonable means. Tenant shall be liable for all costs of disposition of Tenant's abandoned property and Landlord shall have no liability to Tenant with respect to any such abandoned property. Landlord agrees to apply the proceeds of any sale of any such property to any amounts due to Landlord under this Lease from Tenant (including Landlord's attorneys' fees and other costs incurred in the removal, storage and/or sale of such items), with any remainder to be paid to Tenant.

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