Trade Fixture Definition - Law Insider

Trade Fixture definitionTrade Fixture means and refer to any furniture, fixtures and/or equipment located on or about the Premises that may be removed from the Premises without causing damage to the Premises that cannot readily be restored or repaired without undue expense and that has not become so related to the Property or the building thereon such that an interest in them arises under real property law.View SourceBased on 5 documents5Draft with AISplit ViewAI-Powered Contracts

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Get StartedSchedule a DemoTrade Fixture means a piece of equipment placed on the Real Property which is used in Seller’s trade or business.View SourceBased on 2 documents2Draft with AITrade Fixture as used herein shall be defined as anything attached in any manner to Landlord's property, except that equipment shall not be deemed a Fixture merely because of the manner in which such equipment is connected to the electrical supply of the Building. All portable, unattached items are Tenant's property. Tenant and Landlord agree that Tenant does not own any Trade Fixtures in the Premises except those items listed in Exhibit B-3 or otherwise agreed to in a separate writing between Landlord and Tenant. Landlord owns all remaining Trade Fixtures. In connection with Tena▇▇'▇ ▇arly Possession, from and after the date on which Tenant or its agent first enters the Premises therefor, all of the terms and conditions of this Lease (including, but not limited to, insurance and indemnity provisions) shall be applicable to Tenant's occupancy save and except for the requirement to pay Base Rent and Basic Operating Costs.View SourceBased on 2 documents2Draft with AI

Examples of Trade Fixture in a sentence

• This security interest will then attach to the item that replaced the previous Trade Fixture.

• Landlord shall, at its expense, use reasonable efforts to repair and restore the Premises and/or the Property, as the case may be, to substantially their former condition to the extent permitted by then applicable Laws; provided, however, that in no event shall Landlord have any obligation for repair or restoration beyond the extent of insurance proceeds received by Landlord for such repair or restoration, or for any of Tenant’s personal property, Trade Fixture or Alterations.

• Tenant may, however, at any time Tenant is not in default in performance of this Lease, trade in or replace any Trade Fixture, free of the security interest created by this Section.

• If any Trade Fixture cannot be removed without damaging the Premises, then it shall not be removed, unless Landlord gives its approval to remove the item, in which case Tenant shall remove the Trade Fixture at its expense and shall repair any damage caused by the removal to Landlord’s satisfaction.

• The proceeds from any such insurance shall be used by Lessee for the replacement of personal property, Trade Fixture and Lessee Owned Alterations and Utility Installations.

More Definitions of Trade Fixture

Trade Fixture means all non-affixed furniture, equipment, and other items of movable personal property that Tenant locates on the Premises. If a dispute arises as to what is or is not a Trade Fixture, then Landlord’s decision resolving the dispute shall be final.View SourceBased on 2 documents2Draft with AITrade Fixture means Tenant’s machinery and equipment that can be removed without doing material damage to the Leased Premises. The term “Alteration” shall mean any modification of the improvements of the Leased Premises from that which is provided by Landlord under the terms of this Lease, other than Utility Installations or Trade Fixtures, whether by addition or deletion.View SourceBased on 2 documents2Draft with AITrade Fixture means an item of personal property that:View SourceBased on 2 documents2Draft with AITrade Fixture means, but is not limited to, any sign, electrical or otherwise, used to identify or advertise Concessionaire’s business and all machinery and equipment used in connection with such business, whether or not such sign, machinery, or equipment are bolted or otherwise attached to any improvement at the Premises.View SourceBased on 2 documents2Draft with AITrade Fixture means a piece of equipment on or attached to the site which is used in a trade or business and is removable from real property at the conclusion of operations.View SourceBased on 1 documents1Draft with AITrade Fixture means machinery or equipment that is added by Tenant after the Effective Date, used in Tenant’s business, and can be removed from the Building or Property without irreparable defacing or causing damage to the Property or Building. At or before the Term Expiration Date, or the date of any earlier termination, Tenant, at its expense, shall remove from the Property all of Tenant’s personal property and Trade Fixtures, and any items that Landlord requires be removed pursuant to Section 8.1, and Tenant shall repair (to Landlord’s reasonable satisfaction) any damage to the Property or the Building resulting from such removal. Any other items of Tenant’s personal property or Trade Fixtures that remain on the Property after the Term Expiration Date, or following an earlier termination date, may, at the option of Landlord, be retained by Landlord as its property, or be disposed of by Landlord, in Landlord’s sole and absolute discretion and without accountability, at Tenant’s expense. Notwithstanding the foregoing, at any time an Event of Default by Tenant is in effect, Tenant may not remove from the Property items encumbered by Landlord’s lien pursuant to Section 8.3 without the prior express written consent of Landlord unless such removal is the removal or repossession or sale by a superior lien or security interest holder of Tenant as allowed under Section 8.3, which shall require no consent by or notification to Landlord.View SourceBased on 1 documents1Draft with AITrade Fixture means a piece of equipment on or attached to the Premises or to any Leasehold Improvement which is used in a trade or business. Trade fixtures may be removed from the Premises (even if attached) at the end of the Lease. For greater clarification, a trade fixture is not real property, but personal property of the tenant.View SourceBased on 1 documents1Draft with AI

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