Personal Property definition

Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

Personal Property means all Intangible Property and all those items of tangible personal property described on Schedule 4.8 having a fair market value equal to or in excess of Five Thousand and 00/100 Dollars ($5,000.00) per item, attached hereto and made a part hereof, other than the Fixtures, now or on the Closing Date owned by the Local Church and located on or about the Land or Improvements or used in connection with the operation thereof.

Examples of Personal Property in a sentence

• Lessee or any Third Party shall have the right to remove ▇▇▇▇▇▇’s Personal Property from the Property at any time; provided however, that if such removal shall injure or damage the Property, Lessee or any Third Party shall repair the damage and place the Property in the same condition (ordinary wear and tear excepted) as it would have been if such ▇▇▇▇▇▇’s Personal Property had not been installed.

• SPAC does not own or lease any material real property or Personal Property.

• The Improvements and the Personal Property shall not be removed, demolished or materially altered (except for normal replacement of the Personal Property and/or tenant improvements made in connection with a Lease which has been entered into by Borrower in accordance with the terms hereof) without the prior consent of Lender.

• Lessor hereby waives its rights, statutory or otherwise, to any lien on or rights in ▇▇▇▇▇▇’s Personal Property.

• Lessor shall, upon written request of ▇▇▇▇▇▇, execute, or cause to be executed, and delivered to the Lessee, within ten (10) Business Days after said request from ▇▇▇▇▇▇, a commercially reasonable waiver of ▇▇▇▇▇▇’▇ ▇▇▇▇ or mortgage lien on all of ▇▇▇▇▇▇’s Personal Property.

More Definitions of Personal Property

Personal Property shall have the meaning assigned thereto in Section 2.1(b)(iii).

Personal Property means, collectively, all of the Property other than the Real Property.

Personal Property means all tangible and intangible personal property used or held for use in connection with the Company’s business, including all equipment, furniture, fixtures, machinery, computers, appliances, telephones, switches, dialers, office furnishings, instruments, leasehold improvements, spare parts, all rights in all warranties of any manufacturer or vendor with respect thereto and rebates received in connection with inventory or any item described in this definition.

Personal Property has the meaning set forth in Section 3.11(a).

Personal Property means all furniture, trade fixtures, equipment, appliances, supplies, inventory, and any other movable things subject to ownership placed in or on the Premises that are neither permanently attached to nor form a part of the Premises.

Personal Property shall have the meaning set forth in the granting clause of the Security Instrument.

Personal Property has the meaning specified in Section 2.1(d).