Asset-Related Property shall have the meaning assigned thereto in Section 2.1(b).
Asset-Related Property means the following:
Asset-Related Property means all of Seller’s right, title and interest in and to the following:
Examples of Asset-Related Property in a sentence
To the extent one or more Properties are excluded from this transaction pursuant to the immediately preceding sentence, such affected Property and the Asset-Related Property related thereto in this Agreement shall constitute “Excluded Assets” for purposes of this Agreement.
To the extent one or more Properties are excluded from this transaction pursuant to this Section 8.5, such affected Property and the Asset-Related Property related thereto shall constitute “Excluded Assets” for purposes of this Agreement.
The Land, the Hotel and the Asset-Related Property shall be referred to herein as the “Asset”.
In the event any Asset-Related Property is not assignable (such as a letter of credit that is not transferable), the Sellers shall use commercially reasonable efforts to provide the Buyer, at no cost to the Sellers, with the economic benefits of such property by enforcing such property (solely at the Buyer’s direction) for the benefit and at the expense of the Buyer.
In the event any Asset-Related Property is not assignable (such as a letter of credit that is not transferable), Seller shall use commercially reasonable efforts after the Closing to provide Buyer, at no cost to Seller, with the economic benefits of such property by enforcing such property (at Buyer’s direction) for the benefit and at the expense of Buyer.
More Definitions of Asset-Related Property
Asset-Related Property means any and all of the following which is owned or used by the Seller in connection with the Property:
Asset-Related Property means all right, title and interest of each Seller and, to the extent set forth below, the Existing Manager or any affiliate thereof, in and to (i) the easements, covenants and other rights appurtenant to such Seller's Property and in any land lying in the bed of any street, road, avenue or alley, open or closed, in front of or adjoining such Property and to the center line thereof, (ii) all furniture, fixtures, vehicles, equipment, computers and other personal property (except the Excluded Personality) owned by such Seller (or on behalf of such Seller through the Existing Manager or any affiliate of either of them) which are now, or may hereafter prior to the Closing Date be, placed in or attached to such Seller's Property, subject to depletions and ordinary wear and tear, (iii) to the extent they may be transferred under applicable law, all licenses, permits and authorizations presently issued to a Seller (or on behalf of such Seller through the Existing Manager or any affiliate of either of them) in connection with the operation of all or any part of such Seller's Property as it is presently being operated, (iv) to the extent assignable, all guarantees and warranties, if any, issued to a Seller (or Existing Manager or any affiliate thereof, held on behalf of such Seller) by any manufacturer or contractor in connection with construction or installation of equipment or any component of the improvements included as part of such Seller's Property, all leases, licenses or any other occupancy agreements demising any space at any of the Properties, whether written or oral, together with all amendments, modifications and supplements (collectively, the "Leases") and Contracts (other than the Terminated Contracts), and all security and escrow deposits held by such Seller in connection therewith, in effect on the Closing Date, all books, records, tenant files, Property files and similar items (to the extent none of the above is confidential information that Seller reasonably determines may not be provided to Purchaser) in a Seller's or the Existing Manager's possession which relate to the operation or management of such Seller's Property, other than any legally privileged materials and attorney work product, (vii) any cash escrows or reserves held by the Lender on behalf of Sellers under the Existing Financing as of the Closing Date, (viii) all Trademarks and all registrations, applications and common law rights relating to such Trademarks, together with the goodw...
Asset-Related Property means all assets, properties and rights (including prepaid expenses) of every kind principally used or employed in connection with the Acquired Properties as of the Closing, whether known or unknown, fixed or unfixed, accrued, absolute, contingent or otherwise, and whether or not specifically referred to in this Agreement, including, but not limited to the following, but in each case, except for any Excluded Assets:
Asset-Related Property means all of the Seller's right, title and interest in and to (A) all easements, covenants and other rights appurtenant to the Property and all right, title and interest of the Seller, if any, in and to any land lying in the bed of any street, road, avenue or alley, open or closed, in front of or adjoining the Property and to the center line thereof, (B) all furniture, fixtures, equipment and other personal property (except items owned or leased by tenants or which are leased by the Seller) which are now, or may hereafter prior to the Closing Date be, placed in or attached to the Property, (C) to the extent they may be transferred under applicable law, all licenses, permits and authorizations presently issued in connection with the operation of all or any part of the Property as it is presently being operated, (D) to the extent assignable, all warranties, if any, issued to the Seller by any manufacturer or contractor in connection with construction or installation of equipment or any component of the improvements included as part of the Property, (E) to the extent assignable, all service, supply and maintenance contracts (if any) held by the Seller with respect to the Property and its mechanical equipment, elevators and other elements, (F) to the extent assignable, all trade names and general intangibles relating to the Property and (G) all leases, licenses, contracts and other agreements, to the extent transferable, for the use and occupancy of all or any part of the Property and all security and escrow deposits held by the Seller in connection with any such leases, licenses, contracts and other agreements.
Asset-Related Property means, collectively, the Crown Ridge Asset-Related Property, the Canyon Springs Asset-Related Property, the Cascades I Asset-Related Property, the Cascades II Asset-Related Property, and the Cibolo Canyon Asset-Related Property.
Asset-Related Property means all of the applicable Seller’s right, title and interest in and to (i) the Improvements, (ii) the Leases, (iii) the Assumed Operating Agreements, (iv) the Personal Property, and (v) the Intangibles.
Asset-Related Property means (a) to the extent they may be transferred under Applicable Law without cost or consent of a third party, all licenses, permits and authorizations presently or hereafter issued to or for the benefit of Seller in connection with the operation or development of all or any part of the Property as it is presently being operated; (b) to the extent assignable under Applicable Law without cost or consent of a third party, all warranties and guaranties, if any, issued or assigned to Seller or any Affiliate of Seller or the Property Manager from any manufacturer, contractor, engineer or architect in connection with construction of any improvements or installation of equipment or any component of the improvements included as part of the Property; (c) the plans and specifications, engineering drawings and prints with respect to the improvements, all operating manuals, and all books, data and records regarding the physical components systems of the improvements at the Property, each to the extent in Seller’s possession (or reasonably obtainable by Seller); (d) all books and records, tenant files, tenant lists, tenant information and marketing information relating to the Property, each to the extent in Seller’s possession (or reasonably obtainable by Seller); and (e) to the extent assignable under Applicable Law without cost or consent of a third party, all other intangibles associated with the Property, including, without limitation, any websites, designs, trade names, building names, trademarks, copyrights and other intellectual property used exclusively with respect to the Property; but excluding any property rights specifically excluded under Section 1 of the Agreement.