Constructed Personal Property definition

Constructed Personal Property means Tangible Personal Property or Specially Developed Computer Software if (i) a substantial portion of the property is completed more than six months after the earlier of the date construction or rehabilitation commenced and the date the issuer entered into an acquisition contract; (ii) based on the reasonable expectations of the issuer, if any, or representations of the person constructing the property, with the exercise of due diligence, completion of construction or rehabilitation (and delivery to the issuer) could not have occurred within that six-month period; and (iii) if the issuer itself builds or rehabilitates the property, not more than 75 percent of the capitalizable cost is attributable to property acquired by the issuer.
Sample 1Sample 2
Constructed Personal Property means Tangible Personal Property (or, if acquired pursuant to a single acquisition contract, properties) or Specially Developed Computer Software if a substantial portion of the property or properties is completed more than 6 months after the earlier of the date construction or rehabilitation commenced and the date the County entered into an acquisition contract; based on the reasonable expectations of the County, if any, or representations of the person constructing the property, with the exercise of due diligence, completion of construction or rehabilitation (and delivery to the County) could not have occurred within that 6-month period; and if the County itself builds or rehabilitates the property, not more than 75% of the capitalizable cost if attributable to property acquired by the County (such as components, raw materials, and other supplies).
Sample 1
Constructed Personal Property means Tangible Personal Property or Specially Developed Computer Software if (i) a substantial portion of the property is completed more than six months after the earlier of the date construction or rehabilitation commenced and the date the Concessionaire entered into an acquisition contract; (ii) based on the reasonable expectations of the Concessionaire, if any, or representations of the person constructing the property, with the exercise of due diligence, completion of construction or rehabilitation (and delivery to the Concessionaire) could not have occurred within that six-month period; and (iii) if the Concessionaire itself builds or rehabilitates the property, not more than 75 percent of the capitalizable cost is attributable to property acquired by the Concessionaire.
Sample 1

More Definitions of Constructed Personal Property

Constructed Personal Property means tangible personal property (i. e., tangible property, except real property) and includes machinery that is not a structural component of a building, subway cars, fires trucks, automobiles, office equipment, testing equipment, and furnishings or an interest therein, where such tangible personal property satisfies the requirements of this paragraph. If the Authority does not build or rehabilitate the tangible personal property, the property must be acquired pursuant to a contract requiring property to be specially built or rehabilitated to the Authority's specifications; at least twenty-five percent (25%) of the property built or rehabilitated under the contract, based on cost, is delivered to the Authority more than six (6) months after the date the contract is entered into; and the Authority has no reason to believe that the seller, giving the contract ordinary priority, could have delivered all the property built or rehabilitated under the contract within six (6) months after the date the contract is entered into. If the Authority builds or rehabilitates the tangible personal property itself, then no more than seventy-five percent (75%) of the amount that, under general federal income tax principles is properly chargeable to or may be capitalized as part of the basis of the completed property is attributable to tangible personal property acquired by the Authority (such as components, raw materials, and other supplies); the property is completed more than six (6) months after the date the Authority began building or rehabilitating it; and the Authority, exercising due diligence, could not have completed the property within six (6) months.
Sample 1

Related to Constructed Personal Property

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

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

  • 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.

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

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

  • 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:

  • 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.

  • 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.

  • Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by the Collateral Agent.

  • The Works/ Project means the works to be executed or done under this contract.

  • 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.

  • Leased Equipment means the equipment which may include but not limited to modem provided by TM on lease basis to enable usage of the Service by the Customer, as may be decided by TM from time to time at its sole discretion.

  • CONSTRUCTION EQUIPMENT means all appliances and equipment of whatsoever nature for the use in or for the execution, completion operation or maintenance of the work unless intended to form part of permanent work.

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

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Tenant’s Property means Removable Installations and, other than Installations, any personal property or equipment of Tenant that may be removed without material damage to the Premises, and (z) “Installations” means all property of any kind paid for by Landlord, all Alterations, all fixtures, and all partitions, hardware, built-in machinery, built-in casework and cabinets and other similar additions, equipment, property and improvements built into the Premises so as to become an integral part of the Premises, including, without limitation, fume hoods which penetrate the roof or plenum area, built-in cold rooms, built-in warm rooms, walk-in cold rooms, walk-in warm rooms, deionized water systems, glass washing equipment, autoclaves, chillers, built-in plumbing, electrical and mechanical equipment and systems, and any power generator and transfer switch.

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

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • Fixtures means those leasehold improvements, additions, alterations and installations constituting all or a part of Bank Premises and which were acquired, added, built, installed or purchased at the expense of the Failed Bank, regardless of the holder of legal title thereto as of Bank Closing.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by Company or any Company Subsidiary, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the lease for such Leased Real Property.

  • 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.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.