Owned Personal Property definition
Examples of Owned Personal Property in a sentence
GSA prescribes regulations governing the use of the U.S. Government Bill of Lading – International and Domestic Overseas Shipments, U.S. Government Bill of Lading – Privately Owned Personal Property, commercial bills of lading, and electronic bills of lading that are referenced in 41 C.F.R. Parts 102-117 and 102-118.
The Acquired Companies own good and valid title to all of the Owned Personal Property, free and clear of all Security Interests other than Security Interests set forth in Section 3.11(c) of the Disclosure Schedule (all of which will be released at the Closing) and Permitted Security Interests.
The Owned Personal Property, together with the other Purchased Assets, constitute all assets of Gold Xxxx which, together with the Transition Agreement, are necessary to conduct the Inputs Business in the same manner and to the extent currently conducted by Gold Xxxx.
Purchaser shall pay any sales tax due on the transfer of either Seller's leasehold interest in and to the Leased Personal Property or title to the Owned Personal Property to Purchaser.
To the Best Knowledge of Gold Xxxx, the Owned Personal Property and the Leased Personal Property is, collectively, in reasonable operating condition, and has been appropriately maintained in the ordinary course of business, conforms to all material requirements of law and is substantially fit for use in accordance with and sufficient for Gold Xxxx'x present operations, subject to ordinary wear and tear.