Personal Property Leases. There are no leases of personal property used by the Company involving annual payments in excess of Twenty-Five Thousand Dollars ($25,000).

Personal Property Leases. Set forth on [Schedule 5.8(b)] is a true, complete and accurate list of all Personal Property Leases. A copy of each Personal Property Lease has heretofore been delivered or made available to ​. Each Personal Property Lease is valid, binding and enforceable against the applicable Subject Company and, to the Parties’ knowledge, the other parties thereto, in accordance with its terms and is in full force and effect. Neither a Subject Company nor, to the Parties’ knowledge, any other party to a Personal Property Lease is in breach or default (nor has any event occurred that, with the giving of notice or lapse of time, or both, would constitute such breach or default) under any of the Personal Property Leases to which each such entity is a party, which would have a Company Material Adverse Effect.

The Real Property and, to the extent applicable, the Personal Property, the Leases, the Security Deposits, the Permits and Licenses, the Service Contracts, the Leasing Brokerage Agreements, Warranties, the Intangible Rights and all other property interests described in this Section 1 being conveyed hereunder, are hereinafter collectively referred to as the “Property”.

Personal Property. The Premises does not include furnishings.

Personal Property. Except as set forth on [Schedule 3.18(c)], as of the date of this Agreement, the Group Companies collectively have good title to or valid leasehold or license interests in all machinery, equipment and other personal property used by them in the conduct of their businesses as currently conducted, and none of such properties are subject to any Liens except for Liens identified on [Schedule 3.18(c)] and Permitted Liens. All material personal property of the Group Companies are in good operating condition and repair, normal wear and tear excepted and are adequate in all material respects to conduct the operations of the Group Companies as currently conducted. For the avoidance of doubt, this [Section 3.18(c)] does not make any representation or warranty regarding Intellectual Property Rights.

Personal Property. A list of Tangible Personal Property; and

Personal Property. The Subject Companies have good and valid title to all of the material personal properties and assets, tangible and intangible, that they purport to own, and valid leasehold interests in all of the material personal properties and assets that they purport to own. All such properties and assets are free and clear of all material Encumbrances, other than Permitted Encumbrances.

Leases, Service Contracts and License Agreements. ​ will perform its obligations under the Leases, Service Contracts and License Agreements.

Service Contracts. A list, together with copies, of the Service Contracts;

Service Contracts. On or prior to 5:00 p.m. Chicago time on the last day of the Inspection Period, ​ will advise ​ in writing of which Service Contracts it will assume and which Service Contracts ​ requests that ​ deliver written termination notices at or prior to Closing, provided ​ shall have no obligation to terminate, and ​ shall be obligated to assume, any Service Contracts which by their terms cannot be terminated without penalty or payment of a fee unless ​ agrees in writing to reimburse ​ for such fee or termination penalty in conjunction with the Closing. ​ shall deliver at Closing notices of termination of all Service Contracts that are not so assumed. ​ must assume the obligations arising from and after the Closing Date under those Service Contracts # that ​ has agreed to assume, or that ​ is obligated to assume pursuant to this Section 4.7, and # for which a termination notice is delivered as of or prior to Closing but for which termination is not effective until after Closing.

[Schedule 4.8(b)] sets forth a list of each Contract pursuant to which the Target Companies lease an item of Personal Property that involves annual payments in excess of Five Hundred Thousand Dollars (US$500,000) (whether capital, operating or otherwise, the “Personal Property Leases”). The Sellers and/or the Target Companies have made available to the Buyer prior to the date hereof, true, correct and complete copies of the Personal Property Leases.

leases, subleases, licenses or sublicenses of any real or personal property, other than any Intellectual Property, in the ordinary course of business;

“Permitted Equipment Leases” shall mean equipment leases or other similar instruments entered into with respect to the Personal Property; provided, that, in each case, such equipment leases or similar instruments # are entered into on commercially reasonable terms and conditions in the ordinary course of ​’s business and # relate to Personal Property which is # used in connection with the operation and maintenance of the Property in the ordinary course of ​’s business and # readily replaceable without material interference or interruption to the operation of the Property.

“Inventory” means any and all inventory (as that term is defined in the U.C.C.) of any Grantor and shall include, without limitation, tangible personal property held for sale or lease or to be furnished under contracts of service, tangible personal property which any such Grantor has so leased or furnished, and raw materials, work in process and materials used, produced or consumed in such Grantor’s business, and shall include tangible personal property returned to any such Grantor by a purchaser or lessor thereof following the sale or lease thereof by any such Grantor.

Title to Tangible Personal Property. Except as set forth in [Schedule 4.5] of the Disclosure Schedules, [[Organization A:Organization]] has good and valid title to, or a valid leasehold interest in, the Purchased Assets, free and clear of all Encumbrances other than those Encumbrances which [[Organization A:Organization]] will cause to be discharged at the Closing as set forth on [Schedule 4.5] of the Disclosure Schedules.

Ownership of Personal Property; Liens. Except as could not reasonably be expected to have a Material Adverse Effect, each of the Borrower and its Restricted Subsidiaries has good title to all of its respective personal properties and assets, free and clear of any Liens, except for Permitted Liens. Each of the Borrower and its Restricted Subsidiaries has obtained all permits, licenses, franchises or other certifications, accreditations, consents, approvals and authorizations, governmental or private, necessary to the ownership of such properties and assets and the conduct of its business, except where any failure to do so could not reasonably be expected to have a Material Adverse Effect.

Equity Interests and Personal Property. Each [[Loan Party:Organization]] will cause the Pledged Equity and all of its tangible and intangible personal property now owned or hereafter acquired by it to be subject at all times to a first priority, perfected Lien (subject to Permitted Liens to the extent permitted by the Loan Documents) in favor of the [[Administrative Agent:Organization]] for the benefit of the Secured Parties to secure the Secured Obligations pursuant to the terms and conditions of the Collateral Documents. Each [[Loan Party:Organization]] shall provide opinions of counsel and any filings and deliveries reasonably necessary in connection therewith to perfect the security interests therein, all in form and substance reasonably satisfactory to the [[Administrative Agent:Organization]].

Assignment of Leases and Rents. There exists as part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related

Subject to this Section 9, Trustor hereby irrevocably and absolutely grants, transfers and assigns to Beneficiary a security interest in all of its right title and interest in all Leases, together with any and all extensions and renewals thereof for purposes of securing and discharging the performance by Trustor of the Secured Obligations. Trustor has not assigned or executed any assignment of, and will not assign or execute any assignment of, any other Lease or their respective Rents to anyone other than Beneficiary, in each case, except as permitted by the Credit Agreement.

Retain the original of all invoices, contractors’ and subcontractors’ requests for payment, tenant leases, employment contracts, service contracts, commission agreements, correspondence and other documents and instruments relating to the Properties or its operation and management by Gyrodyne hereunder;