Property or Equipment definition

Property or Equipment means any interest in any kind of property, equipment, or asset, whether real, personal, or mixed, or tangible or intangible.
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Examples of Property or Equipment in a sentence

  • Title to and ownership of any Property or Equipment shall at all times remain in the Lessor and at no time become vested in the Lessee except in accordance with an express provision of this Lease.

  • No Property or Equipment is subject to any Lien, except Permitted Liens.

  • In the event ▇▇▇▇▇’▇ collaterally assigns its rights under this Agreement to Third Party Lender, Customer undertakes and agrees to act as a bailee for Third Party Lender with respect to the Property or Equipment while the Property is in the Equipment at the Service Location and Customer will comply with any written instructions provided by Third Party Lender with respect to such Property, including without limitation, to turn over such Property to Third Party Lender upon request.

  • The undersigned Lessor hereby leases to the undersigned Lessee, and the Lessee acknowledges delivery to it in good condition of the Property or Equipment described on this ULR.

  • The Lessee does not hereby acquire any right, equity, title or interest in or to any Property or Equipment except pursuant to the terms hereof.

  • No loss of or damage to any Property or Equipment shall impair any obligation of the Lessee under this Lease, which shall continue in full force and effect with respect to any lost or damaged Property or Equipment.

  • Each liability policy (A) shall be primary without right of contribution from any other insurance which is carried by the Lessor with respect to its interest as such in the Property or Equipment and (B) shall expressly provide that all of the provisions thereof, except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured.

  • Without limitation of any of its other obligations hereunder or under any other Operative Document, the Lessee agrees that the Lessee will not do or permit any act or thing which could reasonably be expected to materially impair the value or utility of any Property or Equipment.

  • In the event the General Partner has provided written notice to the Owner and the Lessee pursuant to Section 1.01 of this Agreement of its intent to purchase the Property and Equipment on the date which is six (6) months prior to the end of the Initial Term, and the General Partner fails to effect such purchase on such date, the General Partner shall have no further right to purchase any Property or Equipment during the Initial Term.

  • The Lessor shall not be liable to the Lessee for any failure to obtain, or delay in obtaining, any Property or Equipment or any delay in the delivery of title to the Lessor or possession of the Property or Equipment to the Lessee.

Related to Property or Equipment

  • Major Equipment means the items of Equipment listed as such in Attachment G.

  • Supplier Equipment means the Supplier's hardware, computer and telecoms devices, equipment, plant, materials and such other items supplied and used by the Supplier (but not hired, leased or loaned from the Customer) in the performance of its obligations under this Call Off Contract;

  • Contractor Equipment means all appliances and things of whatsoever nature (other than temporary works) required for execution and completion of works and remedying of any defects, therein. But does not include plant, materials or other things intended to form or forming part of the permanent works.

  • Other Equipment is leasehold improvements, intangible property such as computer software and software licenses, equipment specifically designed or manufactured for Borrower, other intangible property, limited use property and other similar property and soft costs approved by Bank, including taxes, shipping, warranty charges, freight discounts and installation expenses.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;