Real and personal property definition

Real and personal property means all real estate, drilling rigs, workover rigs, service rigs and all tangible property (whether real, personal or otherwise) equipment associated with and used by, on and with the production operations, the pipeline operations, the saltwater disposal operations, the drilling rigs, work over rigs and service rigs (hereinafter drilling rigs, work over rigs and service rigs are collectively referred to as "Drilling Rigs"), a list of which is set forth on Schedule 1. 39 hereto.
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Real and personal property means land and all things attached to it (real) and property owned by a business or individual that is not affixed or associated with the land (personal);
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Examples of Real and personal property in a sentence

  • Real and personal property purchased by the Company shall be held and owned in the name of the Company.

  • Real and personal property owned or purchased by the LLC shall be held and owned, and conveyance made, in the name of the LLC.

  • Real and personal property taxes and assessments shall be prorated as of the Closing Date for the Facility to which they relate.

  • Real and personal property taxes shall be prorated as of the Closing Date, based upon bills received, when received.

  • Real and personal property purchased or otherwise acquired pursuant to or in connection with this Agreement shall be owned in the name of the Agency.

  • Real and personal property taxes for the Properties shall be prorated between Buyers and Sellers as of the Effective Date.

  • Real and personal property ad valorem taxes with respect to the Purchased Assets ("Property Taxes") for the taxable period that includes the Closing Date shall be prorated on a daily basis to the Closing Date.

  • Real and personal property taxes for the current tax year shall be prorated to the Closing Date.

  • Real and personal property ad valorem taxes with respect to the Purchased Assets (“Property Taxes”) will be prorated on a calendar year basis through the Closing Date.

  • Real and personal property Taxes, ad valorem Taxes, and franchise fees or Taxes (that are imposed on a periodic basis (as opposed to a net income basis)) attributable to the Purchased Assets (collectively, “Periodic Taxes”) shall be paid by Seller.