Examples of Purchased Personal Property in a sentence
The pattern of information asymmetries appears to differ by gender in surprising ways, and with the intensity of the prior relationship with the Lender in intuitive ways.
To Seller’s Knowledge, the Purchased Personal Property are in normal operating condition and in a state of reasonable maintenance and repair (normal wear and tear excepted) in accordance with past practices by PGW and are suitable in all material respects for the purposes for which they are being used in the conduct of the Business and in accordance with past practice of the Business.
Section 3.7 of the Sellers Disclosure Schedule sets forth all leases of personal property relating to personal property used by any Seller or to which any Seller is a party or by which the Assets of any Seller are bound (the “Personal Property Leases”) (including the Purchased Personal Property Leases).
Within the six (6) years immediately preceding the date of this Agreement, no Seller has received any written notice of any default or event that with notice or lapse of time, or both, would constitute a default by any Seller under any of the Purchased Personal Property Leases that are currently in effect and eligible to be assumed by Buyer.
Each Purchased Personal Property Lease is in full force and effect, and is valid and enforceable in accordance with its terms except as enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, arrangement, moratorium or other similar Laws now or hereafter in effect relating to or affecting creditors’ rights generally, and general equitable principles (whether considered in a proceeding in equity or at law).
Except as set forth in Section 5.10 of the Seller Disclosure Schedule, and other than the real property subject to the Real Property Leases, Intellectual Property Licenses, and the personal property subject to the Purchased Personal Property Leases, Seller owns each of the Purchased Assets.
Except as set forth on Section 3.7 of the Sellers Disclosure Schedule, there has been no default that remains outstanding or event that with notice or lapse of time, or both, would constitute a default by any Seller under any of the Purchased Personal Property Leases.