FF&E and Inventory definition

FF&E and Inventory means, collectively, all of the goods and materials held, owned, leased, used or possessed by Sellers in the ordinary course of operating the Hotel Property and the other Real Property and located at the Real Property including, but not limited to, all furniture, fixtures, equipment, appliances, furnishings, drapes, floor coverings, televisions,
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Examples of FF&E and Inventory in a sentence

  • Each Grantor will keep the FF&E and Inventory of such Grantor (other than any FF&E or Inventory transferred in accordance with Section 5.02(e)(ii) of the Loan Agreement) at the places therefor specified in Section 8(b).

  • No Grantor will change the location of its FF&E and Inventory (other than Inventory sold in the ordinary course of business) or the place where it keeps the originals of the Assigned Agreements and Related Contracts to which such Grantor is a party and the originals of all chattel paper that evidence Receivables of such Grantor from the locations therefor specified in Sections 9(a) and 9(b) without first giving the Collateral Agent 30 days’ prior written notice of such change.

  • All real property ad valorem taxes, general assessments and special assessments and all personal property ad valorem taxes which are assessed or assessable against any of the Hotel Parcel, Hotel Improvements, FF&E and Inventory (“Property Taxes”) for a period in which Closing occurs shall be prorated between Buyer and Seller as of the Closing Date, based on the most recent tax bills then available.

  • All real property ad valorem taxes and all personal property ad valorem taxes which are assessed or assessable against any of the Hotel Parcels, Hotel Improvements, FF&E and Inventory (“Property Taxes”) for a period during which Closing occurs shall be prorated between Buyer and Sellers as of the Closing Date, based on the most recent tax bills then available.

  • Lessee shall surrender possession of the FF&E and Inventory to Lessor in good repair upon expiration or termination of this Lease.

  • All real property ad valorem taxes and all personal property ad valorem taxes which are assessed or assessable against any of the Hotel Parcels, Hotel Improvements, FF&E and Inventory ("Property Taxes") for a period during which Closing occurs shall be prorated between Buyer and Sellers as of the Closing Date on a fiscal year basis, based on the most recent tax bills then available.

  • Seller and Buyer agree to file all necessary applications for transfer of the Liquor Licenses, and Seller and Buyer shall cooperate in executing and delivering any documentation necessary to effect the foregoing and to determine the amount of the Category A Price and Category B Price allocable to the liquor related FF&E and Inventory.

  • An escrow (the “Premises Escrow”) is to be opened to consummate the transfer of the Assets (other than the Liquor Licenses and liquor related FF&E and Inventory) according to the terms of this Agreement at the office of First American Title Insurance Company, ▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (the “Premises Escrow Holder”).

  • At or prior to Closing, Seller and Shareholder shall have taken all actions and executed all consents necessary to sell, transfer, assign, convey and deliver to Buyer all of the FF&E and Inventory, Phone and Social Media, Patents and Trademarks, Books and Records, Goodwill and Contracts.

  • To Seller's knowledge, all FF&E and Inventory is in a good state of maintenance and repair, ordinary wear and tear excepted.