Business Tangible Personal Property definition

Business Tangible Personal Property means all furniture, fixtures, equipment, machinery and other tangible personal property (other than inventory and vehicles) of the Business Subsidiaries used or held for use together with the Asset Seller Tangible Personal Property.
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Business Tangible Personal Property means all Tangible Personal Property of Seller or Seller Parent used solely in the operation of the Business wherever located and whether or not carried on the books of Seller or Seller Parent.
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Business Tangible Personal Property means all tangible personal property used exclusively in the operation of the Business.
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Examples of Business Tangible Personal Property in a sentence

  • To the Knowledge of Seller, there are no facts or conditions affecting any Purchased Assets that would reasonably be expected, individually or in the aggregate, to materially interfere with the use or operation of such Purchased Business Tangible Personal Property.

  • The material equipment and other items of Purchased Business Tangible Personal Property are in good operating condition and in a good state of maintenance and repair, subject only to ordinary wear and tear, and are adequate and suitable for the purposes for which they are presently being used or held for use.

  • Seller or Seller Parent owns and has good and valid title to, or otherwise has the right to use pursuant to a valid and enforceable lease, license or similar contractual arrangement, all of the Purchased Business Tangible Personal Property, free and clear of all Liens (other than Permitted Liens).

  • Except for the items of tangible personal property possessed or used by the Seller in connection with the Business ("Tangible Personal Property") leased by the Seller, the leases and agreements for which are in full force and effect and constitute valid and binding agreements on the parties thereto in accordance with their respective terms, the Seller owns and has good and valid legal and beneficial title to all of the Purchased Assets free and clear of all Encumbrances.

  • Any Permitted Liens on the Purchased Business Tangible Personal Property, individually or in the aggregate, do not materially interfere with the current use of any such Purchased Business Tangible Personal Property by Seller or materially detract from the value of any such Purchased Business Tangible Personal Property.

  • Form 103 – Business Tangible Personal Property Assessment Return, Petitioner Exhibit 5 – Tribune Broadcasting Holdings, Inc.

  • Schedule 4(F)(i) sets forth a complete and accurate schedule of the Business Tangible Personal Property (other than inventory) as of the date hereof.

  • No Business Tangible Personal Property is held under lease, security agreement, conditional sales contract or other title retention or security arrangement, and all Business Tangible Personal Property (other than inventory) acquired by or disposed of by Seller in the Ordinary Course since the date of the Most Recent Financial Statements (as defined in Section 4(N) below) is in good operating condition and repair, ordinary wear and tear excepted.

  • To the extent that localities may not increase the rates of the Machinery and Tools Tax or Business Tangible Personal Property Tax on business machinery and tools, the Merchants’ Capital Tax, or the BPOL tax or fee in excess of the rate imposed on January 1, 2016, this bill would have an unknown revenue impact on localities.

  • Business Tangible Personal Property Rate - $4.00/$100 valueBusiness Tangible Personal Property is valued at 25 percent of original capitalized cost.


More Definitions of Business Tangible Personal Property

Business Tangible Personal Property means all of the equipment, machinery, dies, molds, tooling (but excluding Excluded Tooling and Customer and Supplier Tooling), furniture, fixtures, supplies and other tangible personal property owned by an Acquired Company, Seller US or a Pre-Restructuring Company that are both (i) located at a Business Location, at a supplier’s place of business, or at a Business Fee Warehouse Space and (ii) are Related to the Business. For clarification, Business Tangible Personal Property does not include the Business Inventory.
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Business Tangible Personal Property means all tangible personal property, including all machinery, equipment and tools, furniture and furnishings, computers and computer supplies, office materials and supplies, primarily used or held for use by MJP in the Business and located at the Fab as of the Closing, and all personal productivity assets owned by MJP associated with Transferred Employees such as personal data assistants, cellular phones and personal computers, but excluding the Business Records. Schedule ‎1.20 lists each item of the Business Tangible Personal Property with an original purchase value of $10,000 or more that has been capitalized on MJP’s balance sheet as of the date hereof. Schedule ‎1.20 may be updated by the Seller Group prior to Closing to list any additional capitalized tangible personal property with an original purchase value of $10,000 or more acquired by MJP after the date hereof that is primarily related to the Business.
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Business Tangible Personal Property means personal property used in a profession, trade, or business, and shall include vessels and/or aircraft if used in a profession, trade, or business.
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Related to Business Tangible Personal Property

  • Tangible Personal Property means, in respect of any Person, all machinery, equipment, tools, furniture, office equipment, supplies, materials, vehicles and other items of tangible personal or movable property (other than Inventories and IT Assets) of every kind and wherever located that are owned or leased by the Person, together with any express or implied warranty by the manufacturers, sellers or lessors of any item or component part thereof and all maintenance Records and other documents relating thereto.

  • Intangible Personal Property means incorporeal personal property including, but not limited to, deposits in banks, negotiable instruments, mortgages, debts, receivables, shares of stock, bonds, notes, credits, evidences of an interest in property, evidences of debt, and choses in action generally.

  • Eligible personal property means property that meets all of the following conditions:

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Excluded Personal Property means the following:

  • Assisted cleaning or washing of tangible personal property means cleaning or washing of tangible personal property if the cleaning or washing labor is primarily performed by an individual:

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Intangible Property shall have the meaning given to such term in Section 2.1(c) hereof.

  • Tangible Property means any furniture, fixtures, leasehold improvements, vehicles, office equipment, computer equipment, other equipment, machinery, tools, forms, supplies or other tangible personal property of any nature.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Tenant’s Personal Property means all motor vehicles, Inventories, FAS and any other tangible personal property of Tenant, if any, acquired by Tenant at its election and with its own funds on and after the date hereof and located at the Leased Property or used in Tenant's business at the Leased Property and all modifications, replacements, alterations and additions to such personal property installed at the expense of Tenant, other than any items included within the definition of Proprietary Information.

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Real Property Rights means all real property rights and interests of the Acquired Companies, including all fee interests, options, leases, easements, land use rights, access easements, transmission line easements, rights to ingress and egress, any and all bids, grants, awards, applications, rights to negotiate and all other rights relating to the Land.

  • Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Company Properties shall have the meaning set forth in Section 4.15.1.

  • Leased Intangible Property means all agreements, service contracts, equipment leases, booking agreements and other arrangements or agreements affecting the ownership, repair, maintenance, management, leasing or operation of the Leased Property, or any portion thereof, to which Landlord is a party; all books, records and files relating to the leasing, maintenance, management or operation of the Leased Property, or any portion thereof, belonging to Landlord; all transferable or assignable permits, certificates of occupancy, operating permits, sign permits, development rights and approvals, certificates, licenses, warranties and guarantees, rights to deposits, trade names, service marks, telephone exchange numbers identified with the Leased Property, and all other transferable intangible property, miscellaneous rights, benefits and privileges of any kind or character belonging to Landlord with respect to the Leased Property.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.

  • Owned Company Intellectual Property means that portion of the Company Intellectual Property and Company Intellectual Property Rights that is owned by the Company Entities.

  • Personal Property Taxes All personal property taxes imposed on the furniture, furnishings or other items of personal property located on, and used in connection with, the operation of the Leased Improvements as a hotel (other than Inventory and other personal property owned by Lessee), together with all replacement, modifications, alterations and additions thereto.

  • Proprietary Property means any property, including, but not limited to, Intellectual Property Rights, records, forms, trade literature, newsletters, market reports, articles, computer software and any reproduced copies or negatives thereof, and any Proprietary Information or such other information reflected or contained therein, provided and furnished by the Company or otherwise obtained by the Partner during the relationship created by this Agreement.

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.