Equipment and fixtures definition
Examples of Equipment and fixtures in a sentence
As between the Licensee and the Licensor, the Licensor retains title to the Facility and all listed Facility Equipment and fixtures contained therein, except that Licensee may own and operate such additional equipment as may be allowed under the terms and conditions governing the operation of the Facility.
The estimated useful lives of major property and equipment are as follows: — Leasehold improvements: 1 year to 5 years — Equipment and fixtures: 2 years to 14 years Leasehold improvements are depreciated by the straight-line method over the term of the lease (including reasonably certain options periods) or the estimated useful life of the improvements, whichever is shorter.
Notwithstanding the foregoing, the Collateral shall not include (i) the Kimco Collateral or (ii) the Equipment and fixtures located on the real property described on Schedule 5.1.
Equipment and fixtures shall be connected to provide circuit continuity in accordance with applicable Codes whether or not each piece of conductor, conduit, or protective device is shown between such items of equipment or fixtures and the point of circuit origin.
Equipment and fixtures are located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, Coraopolis, PA.