Composition of Assets Clause Samples
The "Composition of Assets" clause defines the specific types and categories of assets that are included or covered under an agreement. It typically outlines whether the assets consist of tangible property, intellectual property, financial instruments, or other asset classes, and may detail any exclusions or special conditions. For example, in a sale or transfer agreement, this clause clarifies exactly what is being transferred to avoid ambiguity. Its core function is to ensure both parties have a clear, mutual understanding of the assets involved, thereby reducing the risk of disputes over what is included in the transaction.
Composition of Assets. The composition of the assets that will be transferred from the Abbott ARP to the Hospira ARP shall be mutually determined by the applicable fiduciaries of the Abbott ARP and Hospira ARP.
Composition of Assets. The Assets comprise all property and assets sufficient to conduct the Business in its present form.
Composition of Assets. The assets of InfoAccess, including leased assets, comprise all material property and assets employed by InfoAccess in its business.
Composition of Assets. The tangible assets of the Corporation located --------------------- at Horsham, Pennsylvania and at Rock Hill, South Carolina which are devoted primarily to the Business and which are included in this sale are set forth on Appendix 3.07. -------------
Composition of Assets. Managed Assets will be comprised of those assets held in or contributed to the Plan Accounts of eligible Participants from whom Trustee or its agent has received in Good Order an election to participate in Personalized Planning & Advice, and whose participation has not been terminated in accordance with subparagraph (iv) below. The Managed Assets shall be identified on the books and records of the Account separately from all other assets held by Trustee under the Agreement.
Composition of Assets. The Purchased Assets and the assets and services described in Section 5.1(t)
(1) 2 and certain items specified in Schedule 5.1(t) -3 of the Disclosure Schedule and in the Transition Services Agreement of even date herewith comprise all material property and assets employed by FNS in the Business and necessary to conduct FNS' business as conducted on the date hereof.
Composition of Assets. At Closing, Longe and its Subsidiaries will:
(a) have spent up to approximately US$34.5 million on payments pursuant to the Asset Purchase Contracts;
(b) have spent up to approximately US$10.1 million on the Oil and Gas Properties held by Longe and its Subsidiaries; and
(c) have cash on hand such that the total of the actual amounts expended pursuant to Section 6.38 (a) and (b) and such cash will be equal to US$47.5 million.