Personal Property Lease definition

Personal Property Lease shall have the meaning ascribed to such term in Section 5.12(a) hereof.

Personal Property Lease means a chattel lease, equipment lease, conditional sales contract and other similar agreement to which a Person is a party or under which it has rights to use Personal Property.

Personal Property Lease means any Contract for Tangible Personal Property leased, subleased, licensed or otherwise conveyed to or by Seller.

Examples of Personal Property Lease in a sentence

• The Company has provided to the Purchaser a true and complete copy of each of the Company Personal Property Leases, and in the case of any oral Company Personal Property Lease, a written summary of the material terms of such Company Personal Property Lease.

• Each Branch Lease and each material Personal Property Lease is current and all rents, expenses and charges payable by Seller thereunder have been paid or accrued pursuant to the terms thereof (except for any payments not yet delinquent or as to which the obligation to make such payment is being contested in good faith).

• The Company is not in material breach of or default, and no event has occurred which, with due notice or lapse of time or both, may constitute such a material breach or default, under any Personal Property Lease.

• Each Personal Property Lease is in full force and effect and has not been amended, and the Vendor is entitled to the full benefit and advantage of each Personal Property Lease in accordance with its terms.

• Each of the Personal Property Leases is a valid and subsisting agreement, duly authorized and entered into and enforceable in accordance with its terms, and there is no default under any Personal Property Lease by the Company or, to the Company’s knowledge, by any other party thereto, and no event has occurred that with the lapse of time or the giving of notice or both would constitute a default thereunder.

More Definitions of Personal Property Lease

Personal Property Lease shall have the meaning set forth in Section 4.10(c).

Personal Property Lease has the meaning set forth in Section 3.14(c)(i).

Personal Property Lease means each lease pursuant to which a Seller is the lessee of any Tangible Personal Property that is used in connection with the Business.

Personal Property Lease means any lease of Equipment or other personal property deemed an operating lease under GAAP consistently applied.

Personal Property Lease means each lease (including both operating and capital leases) pursuant to which an Acquired Company leases any Tangible Personal Property (excluding leases relating solely to personal property calling for rental or similar periodic payments not exceeding $10,000 U.S. Dollars per annum or which are terminable without penalty upon ninety (90) days or less prior notice).

Personal Property Lease means any Lease of tangible personal property.

Personal Property Lease means that certain Personal Property Lease Agreement by and between Tenant and CNL TRS pursuant to which the Personal Property owned by CNL TRS and located at or used in connection with the operations at the Cypress Premises is leased by Tenant.