Transferred Tangible Personal Property definition
Examples of Transferred Tangible Personal Property in a sentence
The Seller has good and valid title to all of the Transferred Tangible Personal Property, free and clear of all Encumbrances, except for Permitted Encumbrances.
Other than Transferred Tangible Personal Property and Tangible Personal Property at a facility of a supplier or in transit to one of the Facilities, substantially all Transferred Tangible Personal Property and Tangible Personal Property of each Company will be located at the Facilities on the Closing Date, except as may otherwise be contemplated by any Ancillary Agreement.
The Transferred Tangible Personal Property and Tangible Personal Property of each Company is in a state of good maintenance and repair (ordinary wear and tear excepted) and in sufficient working condition for its current utilization as of the Original Agreement Date in each case in all material respects.
Seller has good and valid title to all of the Transferred Tangible Personal Property, in each case, free and clear of any and all Encumbrances.
The Transferred Tangible Personal Property and Tangible Personal Property of each Company is in a state of good maintenance and repair (ordinary wear and tear excepted) and in sufficient working condition for its current utilization as of the date of this Agreement in each case in all material respects.
All Transferred Tangible Personal Property, when taken as a whole, is in good operating condition and repair, normal wear and tear excepted, have been maintained in accordance with normal industry practice and are adequate to conduct the operations of Business as currently conducted.
Except as would not, individually or in the aggregate, reasonably be expected to be material to the Business, taken as a whole, no Transferred Information Technology, Business Technology Deliverables or Technology within the Transferred Tangible Personal Property contains any Malicious Code (other than Malicious Code detected and quarantined or otherwise remediated in the ordinary course of business).
Since the NYDIG Site Visit Date, Sellers have not removed or permitted to be removed any item of Transferred Tangible Personal Property from the Real Property.
As of the Closing Date, each item of Transferred Tangible Personal Property is located at, on or about the Real Property.