Common use of TRADE FIXTURES AND EQUIPMENT Clause in Contracts

TRADE FIXTURES AND EQUIPMENT. Purchaser acknowledges that Seller is currently operating a banking facility on the Property. Seller shall be entitled, at Seller’s option, to remove from the Property all trade fixtures, equipment, furniture, furnishings, artwork, appliances, supplies, records, documents, cash, coin, and other items of moveable personal property relating to the operation of Seller’s business that may be situated upon the Property (including, without limitation, all safes, vaults, vault doors, signage, pylons, alarms and security equipment, auxiliary generators, cubicles and removable partitions, computers and computer-related equipment, telecommunication equipment, halon systems, draperies, and decorations), and such items removed by Seller shall be excluded from the Improvements and Tangible Personal Property to be conveyed hereunder and shall remain the property of Seller. Seller shall have no obligation to repair any damage to the Property caused by the removal of such items, and Purchaser shall accept the Property in its then-existing condition at Closing. [OPTION: Purchaser acknowledges and agrees that the personal property of the tenants under the Leases shall be excluded from the Tangible Personal Property to be conveyed hereunder and shall remain the property of tenants.]

TRADE FIXTURES AND EQUIPMENT. Purchaser acknowledges that Seller is currently operating previously operated a banking facility on the Property, and will continue to operate ATM(s) under the ATM Lease. Seller shall be entitled, at Seller’s option, to remove from the Property all trade fixtures, equipment, ATMs, furniture, furnishings, artwork, appliances, supplies, records, documents, cash, coin, and other items of moveable personal property relating to the operation of Seller’s business that may be situated upon the Property (including, without limitation, all safes, vaults, vault doors, signage, pylons, alarms and security equipment, auxiliary generators, cubicles and removable partitions, computers and computer-related equipment, telecommunication equipment, halon systems, draperies, and decorations), and such items removed by Seller shall be excluded from the Improvements and Tangible Personal Property to be conveyed hereunder and shall remain the property of Seller, along with the ATM(s) to be operated by Seller at the Property pursuant to the ATM Lease. Seller shall have no obligation to repair any damage to the Property caused by the removal of such items, and Purchaser shall accept the Property in its then-existing condition at Closing. [OPTION: Purchaser acknowledges and agrees that Closing Seller shall repair any damage to the personal property caused by Seller’s installation of the tenants under Tenant Improvements after the Leases shall be excluded from the Tangible Personal Property to be conveyed hereunder and shall remain the property of tenantsClosing.]

TRADE FIXTURES AND EQUIPMENT. Purchaser acknowledges that Seller is currently operating using the Property as a banking facility on facility. Prior to the Closing or, in the event Seller leases back the Property from Purchaser, prior to vacating the Property. , Seller shall be entitled, at Seller’s 's option, to remove from the Property all trade fixtures, equipment, furniture, furnishings, artwork, appliances, supplies, records, documents, cash, coin, and other items of moveable personal property relating to the operation of Seller’s 's business that may be situated upon the Property (including, without limitation, all safes, vaults, vault doors, signage, pylons, alarms and security equipment, auxiliary generators, cubicles and removable partitions, computers and computer-related equipment, telecommunication equipment, halon systems, draperies, and decorations), ) and such items removed by Seller shall be excluded from the Improvements and Tangible Personal Property to be conveyed hereunder and shall remain the property of Seller. Seller shall have no obligation to repair any damage to the Property caused by the removal of such items, and Purchaser shall accept the Property in its then-existing condition at the Closing. [OPTION: Purchaser acknowledges and agrees that ; provided, however, Seller shall use its best efforts to minimize any such damage to the personal property Property caused by the removal of the tenants under the Leases shall be excluded from the Tangible Personal Property to be conveyed hereunder and shall remain the property of tenantssuch items.]