Business Tangible Property definition

Business Tangible Property has the meaning set forth in Section 2.1(a).
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Business Tangible Property all tangible assets, including furniture, fixtures and equipment owned or leased by the Borrower or any Guarantor on the date of this Agreement.
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Business Tangible Property means all furniture, fixtures, equipment (including motor vehicles), computer hardware, office equipment and apparatuses, tools, machinery and supplies and other tangible property (other than Inventories) of every kind (wherever located, whether or not carried on the Books and Records and whether or not leased), 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, in each case that relate primarily to the Business, the Purchased Assets, the Assumed Contracts or the Assumed Liabilities. For the avoidance of doubt, all fixed assets shown on the Recent Balance Sheet shall be Business Tangible Property.
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Examples of Business Tangible Property in a sentence

  • The Business Tangible Property is in good operating condition and repair, except for reasonable wear and tear not caused by neglect, and is suitable for its intended use.

  • During the past two (2) years, there has not been any material interruption of the operations of the Business due to inadequate maintenance of the Business Tangible Property.

  • No item of Business Tangible Property owned or leased by Seller is in need of repair or replacement other than as a result of ordinary wear and tear or as part of routine maintenance in the ordinary course of business.

  • Section 4.8 of the Schedule of Exceptions sets forth a list, as of the date of this Agreement, of each material item of Business Tangible Property.

  • All of the items of Business Tangible Property owned or leased by the Seller: (a) have been maintained in accordance with normal industry practice; (b) in good operating condition and repair, subject only to ordinary wear and tear; and (c) are useable and fit for their purpose in which they are presently used.

  • Each Acquired Company has good and valid title to or a valid leasehold interest in its Business Tangible Property free and clear of any Liens other than Permitted Exceptions.

  • The Sellers Disclosure Schedules set forth a complete list as of December 31, 2004, of each item of Business Tangible Property owned or leased by any of the Acquired Companies.

  • Seller shall take all actions necessary to cause all of Seller’s right, title and interest in and to the Business Tangible Property to be transferred to Buyer as of the Closing Date.

  • All such Business Tangible Property as it is operated on the date hereof: (i) is structurally sound, free of defects and deficiencies and in good condition and repair in all material respects (ordinary wear and tear excepted); (ii) complies in all material respects with, and is being operated and otherwise used in material compliance with, all applicable Legal Requirements; and (iii) is adequate for the uses to which it is being put.

  • All Business Tangible Property owned or leased by Seller is, and immediately prior to Closing shall be, in the possession or control of Seller.


More Definitions of Business Tangible Property

Business Tangible Property means any Tangible Property that is Related to the Business.
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Business Tangible Property means all furniture, fixtures, improvements, equipment, computers, computer hardware (including computer servers), computer software, office equipment and apparatuses, tools, machinery and other tangible property of every kind (wherever located, whether or not carried on the Business Records and whether or not leased), other than office supplies and tangible property which individually or in the aggregate have de minimis value, 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, in each case that relate primarily to the Business, the Business Assets, the Business Contracts or the Assumed Liabilities or that are primarily used by Transferred Employees in the Ordinary Course of Business, and that are not otherwise listed as Excluded Assets.
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Business Tangible Property means all inventory, equipment, computers, computer hardware (including computer servers), computer software, tools, machinery and other tangible property of every kind (wherever located, whether or not reflected in the books of account of the Seller and whether or not leased), 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, in each case that relate to the Seller, the Business, the Business Assets, the Assumed Contracts or the Assumed Liabilities or that, prior to the Closing Date, were used by Business Employees in the ordinary course of business of the Seller, and that are not otherwise listed as Excluded Assets.
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Business Tangible Property means all machinery, vehicles and other depreciable (or fully depreciated) equipment owned, leased or licensed by the Companies on the date of this Agreement.
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Business Tangible Property means all tangible assets, including furniture, fixtures and equipment owned or leased by the Acquired Companies on the date of this Agreement.
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Related to Business Tangible Property

  • Tangible Property means all equipment, machinery, goods, furniture, furnishings, fixtures, supplies, tools, materials, vehicles, books, records, and other tangible personal property that are part of the Collateral.

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

  • 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.

  • Tangible Personal Property has the meaning set forth in Section 2.01(e).

  • Transferred Real Property shall have the meaning set forth in Section 1.2(a)(vii).

  • 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.

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

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

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).

  • Personal Property shall have the meaning set forth in the granting clause of the Mortgage.

  • 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.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

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

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Material Leased Real Property shall have the meaning set forth in Section 3.17(b).

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

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Real Property means any estates or interests in real property now owned or hereafter acquired by any Grantor and the improvements thereto.

  • Eligible Property means property beneficially owned by a person or entity other than the Fund and held in a bank account maintained by BNYM for or on behalf of the Fund, or property held in a Fund shareholder account, which is (x) subject to reporting or escheat under an Unclaimed Property Law, (y) of a nature or type or classification reasonably related to the services performed by BNYM under this Agreement (such as cash amounts representing non-negotiated dividend checks and shares in abandoned shareholder accounts), and (z) under the control of BNYM.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person, including without limitation cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

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