Common use of Interests in Property Clause in Contracts

Interests in Property. It has disclosed in writing to the Agent any interest it has in: (a) any aircraft, aircraft engine, airframe or helicopter; (b) any motor vehicle, watercraft or intellectual property that has a value of more than US$250,000; (c) any deposit account with a financial institution other than the Finance Parties where the total credit balance of the deposit account is or may become more than US$50,000 (and, if there is more than one, the total credit balance of all those deposit accounts is or may become more than US$50,000); and (d) any shares, stock, stock units, interests in a managed investment scheme or other securities, or negotiable instruments where the total value of all of them is more than US$500,000.

Appears in 4 contracts

Samples: Loan Note Subscription Agreement (Metals Acquisition LTD), Loan Note Subscription Agreement (Metals Acquisition Corp), Syndicated Facility Agreement (Metals Acquisition LTD)

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