Tangible Fixed Assets Sample Clauses

Tangible Fixed Assets. Tangible fixed assets, except for the real estate, belonging to the Part of the Enterprise, including all its fixtures and fittings, are registered, as being part of the assets, in appropriate records of the Contributor and they are defined in Annex No. 4 to this Agreement.
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Tangible Fixed Assets. (a) In the absence of a clear change in facts or circumstances between the Reference Date and the Completion Accounts Date, no fixed assets held at the Reference Date shall be impaired or revalued before or as at the Completion Accounts Date.
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Tangible Fixed Assets. 2.1.1 Tangible fixed assets are stated at historical cost (together with any incidental costs of acquisition) less accumulated depreciation, less provision for any impairment.
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Tangible Fixed Assets. In view of the fact that CVS Ferrari SRL has made an undertaking to buy the tangible fixed assets to the value of EUR 1,200,000 (one million two hundred thousand), the parties by common accord hereby specify the assets covered by the present sale, based on to the expert appraisal of assets by Ing. Xxxxxxx Xxxxxx dated 4 November 2010 filed in the procedure of composition with creditors. In regard to the said appraisal by Ing. Skabic and in particular to the summary of findings shown on page 13 of the report, the tangible fixed assets sold under the present agreement are those identified under sub 5/A and exclusively under the heading “General manufacturing equipment” with a total valuation of EUR 527,606 (five hundred and twenty seven thousand six hundred and six) [thus excluding assets listed in the following categories: overhead cranes and jib cranes, built-in equipment] and those identified under sub 5/B and exclusively under the heading “General manufacturing equipment” with a total valuation of EUR 673,047 (six hundred and seventy three thousand and forty seven) [thus excluding assets listed in the following categories: overhead cranes and jib cranes, built-in equipment], yielding a total valuation of EUR 1,200,653 (one million two hundred thousand six hundred and fifty three) approved by the Parties despite being 653 (six hundred and fifty three) Euro higher than the purchase offer made by "CVS FERRARI SRL".
Sample 1
Tangible Fixed Assets. Freehold Plant Fixtures Land and and And Motor Buildings Machinery Equipment Vehicles Total --------- --------- --------- -------- ----- Cost or valuation (pound) (pound) (pound) (pound) (pound) At 1st May 1996 36,360 165,789 194,800 235,993 632,942 Additions 648,670 16,219 47,366 51,204 763,459 Disposals (40,030) - - (66,899) (106,929) -------- ------- ------- -------- --------- At 30th April 1997 645,000 182,008 242,166 220,298 1,289,472 Additions - 7,060 67,626 16,884 91,570 Disposals - - - (36,187) (36,187) -------- ------- ------- -------- --------- At 30th April 1998 645,000 189,068 309,792 200,995 1,344,855 Additions - 13,616 19,959 58,674 92,249 Disposals - (110,315) (33,419) (59,488) (203,222) -------- --------- -------- -------- --------- At 30th April 1999 645,000 92,369 296,332 200,181 1,233,882 Additions - - 41,917 71,876 113,793 Disposals - (92,369) (338,249) (272,057) (702,675) -------- --------- -------- -------- --------- At 31st March 2000 645,000 - - - 645,000 ======== ========= ======== ======== ========= Depreciation At 1st May 1996 - 79,944 62,006 100,296 242,246 Charge for the year 2,875 24,186 47,051 29,427 103,539 Surplus on revaluation (2,875) - - - (2,875) On disposals - - - (38,997) (38,997) -------- --------- -------- -------- --------- At 30th April 1997 - 104,130 109,057 90,726 303,913 Charge for the year 6.900 19,616 48,753 31,468 106,737 On disposals - - - (22,120) (22,120) -------- --------- -------- -------- --------- At 30th April 1998 6,900 123,746 157,810 100,074 388,530 Charge for the year 6,900 12,667 45,610 32,689 97,866 On disposals - (63,435) (9,999) (41,915) (115,349) -------- --------- -------- -------- --------- At 30th April 1999 13,800 72,978 193,421 90,848 371,047 Charge for the year 6,900 5,364 32,428 28,724 73,416 On disposals - (78,342) (225,849) (119,572) (423,763) -------- --------- -------- -------- --------- At 31st March 2000 20,700 - - - 20,700 ======== ========= ======== ======== ========= Freehold Plant Fixtures Land and and And Motor Buildings Machinery Equipment Vehicles Total --------- --------- --------- --------- ------- Net Book Values (pound) (pound) (pound) (pound) (pound) At 30th April 1997 645,000 77,878 133,109 129,572 985,559 ======== ======== ======== ======== ======== At 30th April 1998 638,100 65,322 151,982 100,921 956,325 ======== ======== ======== ======== ======== At 30th April 1999 631,200 19,391 102,911 109,333 862,835 ======== ======== ======== ======== ======== At 31st March...
Sample 1
Tangible Fixed Assets. Other Laboratory tangible Rebuilding equipment fixed assets Total ---------- ---------- ------------ ------- Dfls. Dfls. Dfls. Dfls. Balance as per December 31, 1995 Purchase value -- -- 10,903 10,903 Cumulative depreciation -- -- (2,055) (2,055) ------- ------- ------- ------- Book value -- -- 8,848 8,848 ======= ======= ======= ======= Investments 15,006 20,982 18,161 54,149 Depreciation (250) (4,659) (5,031) (9,940) ------- ------- ------- ------- 14,756 16,323 13,130 44,209 ======= ======= ======= ======= Balance as per December 31, 1996 Purchase value 15,006 20,982 29,064 65,052 Cumulative depreciation (250) (4,659) (7,086) (11,995) Book value 14,756 16,323 21,978 53,057 ======= ======= ======= ======= Depreciation percentages 20% 25% 20-33 1/3%
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Tangible Fixed Assets. 3.7.1 All the leasehold premises, fixtures, installations, equipment and furnishings, as well as all other tangible assets or other assets utilized at the date hereof by the Company, are owned by the Company or are covered by commercial leases, leasing or rental contracts or by contracts granting enjoyment or use rights. To the extent required by applicable law, the real property utilized benefit from administrative permits for its use or intended use; these permits remain in force.
Sample 1
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Related to Tangible Fixed Assets

  • Fixed Assets 9 2.10.Leases........................................................10 2.11.Change in Financial Condition and Assets......................10 0.00.

  • Tangible Property (i) mechanical systems, fixtures and equipment comprising a part of or attached to or located upon the Improvements,

  • Furniture, Fixtures and Equipment Sublessee shall have the right to use during the Term the office furnishings and equipment within the Subleased Premises that are identified on Exhibit C attached hereto, as such exhibit may be adjusted by mutual agreement of the parties prior to the Third Floor Premises Delivery Date (the “Furniture”), provided Sublessee may only use the Furniture located in the Second Floor Premises after the Second Floor Commencement Date. The Furniture is provided in its “AS IS, WHERE IS” condition, without representation or warranty whatsoever. Sublessee shall insure the Furniture under the property insurance policy required under the Master Lease, as incorporated herein, and pay all taxes with respect to the Furniture. Sublessee shall maintain the Furniture in good condition and repair, reasonable wear and tear excepted, and shall be responsible for any loss or damage to the same occurring during the Term. Sublessee shall surrender the Furniture to Sublessor upon the termination of this Sublease in the same condition as exists as of the applicable Delivery Date, reasonable wear and tear excepted. Sublessee shall not remove any of the Furniture from the Subleased Premises. Notwithstanding anything to the contrary herein, Sublessee may provide Sublessor with written notice one (1) time not less than forty-five (45) days prior to the Third Floor Premises Delivery Date that lists any items of Furniture that Sublessee does not want to use and Sublessor shall, at no cost to Sublessee, remove such items from the Subleased Premises prior to the Third Floor Premises Delivery Date and such items shall no longer be considered Furniture hereunder. Notwithstanding the foregoing, provided Sublessee is not in default beyond the expiration of any applicable cure or grace period as of the date of the expiration or earlier termination of this Sublease, which condition may be waived by Sublessor in its sole discretion, then upon the expiration or earlier termination of this Sublease, the Furniture shall become the property of Sublessee, and Sublessee shall accept the same in its “AS IS, WHERE IS” condition, without representation or warranty whatsoever except as provided in the Bill of Sale referred to in the following sentence. In the event the Furniture is to become the property of Sublessee upon the expiration or earlier termination of this Sublease pursuant to the terms of the immediately preceding sentence, then Sublessor agrees to execute and deliver to Sublessee a Bill of Sale in the form of Exhibit D attached hereto conveying and transferring to Sublessee the Furniture.

  • Tangible Personal Property (a) The Contractor on its behalf and on behalf of its Affiliates, as defined below, shall comply with the provisions of Conn. Gen. Stat. §12-411b, as follows:

  • Title to Tangible Personal Property Seller has good and valid title to, or a valid leasehold interest in, all Tangible Personal Property included in the Purchased Assets, free and clear of Encumbrances except for Permitted Encumbrances.

  • Property and Equipment All property and equipment purchased by CONTRACTOR with funds received under this Agreement, or purchased on behalf of CONTRACTOR for the program site(s) covered under this Agreement, shall be insured by CONTRACTOR at replacement value against fire, theft, and destruction equal to the full replacement cost.

  • Title to Tangible Assets The Company and its Subsidiaries have good title to their properties and assets and good title to all their leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than or resulting from taxes which have not yet become delinquent and minor liens and encumbrances which do not in any case materially detract from the value of the property subject thereto or materially impair the operations of the Company and its Subsidiaries and which have not arisen otherwise than in the ordinary course of business.

  • Leased Assets The term "Leased Assets" shall have the meaning ascribed thereto in Section 3.6.

  • Tangible Assets The Target owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

  • Fixtures and Equipment Each of the Company and its Subsidiaries (as applicable) has good title to, or a valid leasehold interest in, the tangible personal property, equipment, improvements, fixtures, and other personal property and appurtenances that are used by the Company or its Subsidiary in connection with the conduct of its business (the “Fixtures and Equipment”). The Fixtures and Equipment are structurally sound, are in good operating condition and repair, are adequate for the uses to which they are being put, are not in need of maintenance or repairs except for ordinary, routine maintenance and repairs and are sufficient for the conduct of the Company’s and/or its Subsidiaries’ businesses (as applicable) in the manner as conducted prior to the Closing. Each of the Company and its Subsidiaries owns all of its Fixtures and Equipment free and clear of all Liens except for (a) liens for current taxes not yet due and (b) zoning laws and other land use restrictions that do not impair the present or anticipated use of the property subject thereto.

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