New Assets a. No later than six (6) months before the end of the original twenty-five-year (25-year) term of the Concession, the Concessionaire shall submit to the Regulatory Office a list of all Recovered Assets, including supporting documents. The Concessionaire shall cause the transfer of all rights, interest, and title to such Recovered Assets to MWSS on or before the end of the original twenty-five (25-year term of the Concession. All costs, expenses, and taxes arising from or in relation to such transfer shall be for the account of the MWSS.
b. The Concessionaire shall, at each Rate Rebasing Date, submit to the Regulatory Office a list of all Recovered Assets, including all supporting documents. Legal title as well as all rights, title, and interest to all such Recovered Assets shall be transferred to the MWSS on or before such Rate Rebasing Date. All costs, expenses, and taxes arising from or in relation to such transfer shall be for the account of the MWSS.
c. Legal title to all fixed assets contributed to the MWSS system in the Service Area by the Concessionaire during the term of the Concession other than those mentioned under Sections 6.13(a) and 6.13(b) shall remain with the Concessionaire until the Expiration Date (or the Early Termination Date) at which time all right, title, and interest in such assets shall automatically vest in MWSS. The Concessionaire may mortgage or create security interest over such assets solely for the purpose of financing (or refinancing) the acquisition or construction thereof; provided, however, that no such mortgage or security interest shall extend beyond the Expiration Date. The Concessionaire shall not, without the prior recommendation from the Regulatory Office and the approval of MWSS, create a security interest of any kind over all or any part of the Facilities to which MWSS has legal title. Legal title to all facilities (including any fixed assets resulting from the exercise of rights and powers referred to in Section 7.2 below) other than new assets contributed by the Concessionaire shall remain with MWSS.
d. The Concessionaire shall submit to MWSS, on or before January 20 of each year an inventory of its acquired Service Concession Assets and improvements in the Service Concession Assets. Such inventory should include the location, cost of acquisition and other information as may be required by MWSS.
New Assets. (i) The Manager shall cause the applicable Securitization Entity to enter into or acquire each of the following, to the extent entered into or acquired after the Closing Date: (a) all New Franchise Agreements, New Area Development Agreements and Franchisee Notes, (b) all After-Acquired Securitization IP, (c) all New Securitized Corporate-Owned Stores and the related New Contributed Corporate-Owned Store Assets and New Contributed Corporate-Owned Store Leases, (d) all New Securitized Equipment Supply Agreements and (e) all Securitized Franchisee Leases; provided, that the Manager shall not be required to cause any Securitization Entity to enter into any agreements or acquire any other assets relating to the Franchise Store Business, the Securitized Corporate-Owned Store Business or the equipment distribution business in any country other than the United States and, solely with respect to the acquisition of After-Acquired Securitization IP, Canada. The Manager may, but will not be obligated to, contribute to the Master Issuer or its applicable Subsidiary, or otherwise cause the Master Issuer or its applicable Subsidiary to enter into, develop or acquire other assets and liabilities of a type and nature similar to the Securitized Assets held by the Securitization Entities on the Closing Date (“Other Assets”).
(ii) (A) Unless otherwise agreed to in writing by the Control Party, any contribution to, or development or acquisition by, the Master Issuer or any other Securitization Entity of any New Franchise Agreements, New Area Development Agreements, Franchisee Notes, New Securitized Equipment Supply Agreements, New Securitized Authorized Vendor Contracts, New Securitized Corporate-Owned Stores, New Contributed Corporate-Owned Store Assets, New Contributed Corporate-Owned Store Leases and new Securitized Franchisee Leases shall be subject to all applicable provisions of the Indenture, this Agreement (including the applicable representations and covenants in Article 2 and Article 5 of this Agreement), the IP License Agreements and any other relevant Related Documents.
New Assets. 6.7.1 New Assets acquired by the Contractor in performing this Agreement shall be acquired on behalf of the Authority and shall pass into the immediate ownership of the Authority and become Authority Assets.
6.7.2 Upon acquiring any New Assets, the Contractor shall promptly and accurately record such acquisition(s) on the Asset Register.
6.7.3 Any New Assets must be purchased in accordance with the requirements of Schedule 5 (Subcontracting and Procurement).
New Assets. The Concessionaire shall procure/ provide the New Assets in accordance with the Development Plan and Construction Requirements and operate & maintain them during the Operations Period in accordance with the O&M Requirements.
New Assets. The Manager shall cause the applicable Securitization Entity to enter into or acquire each of the following, to the extent entered into or acquired after the Closing Date: (a) all New Franchise Agreements, New Area Development Agreements and Franchisee Notes, (b) all After-Acquired Securitization IP, (c) all New Securitized Corporate-Owned Stores and the related New Contributed Corporate-Owned Store Assets and New Contributed Corporate-Owned Store Leases, (d) all New Securitized Equipment Supply Agreements and (e) all Securitized Franchisee Leases; provided, that the Manager shall not be required to cause any Securitization Entity to enter into any agreements or acquire any other assets relating to the Franchise Store Business, the Securitized Corporate-Owned Store Business or the equipment distribution business in any country other than the United States and, solely with respect to the acquisition of After-Acquired Securitization IP, Canada. The Manager may, but will not be obligated to, contribute to the Master Issuer or its applicable Subsidiary, or otherwise cause the Master Issuer or its applicable Subsidiary to enter into, develop or acquire other assets and liabilities of a type and nature similar to the Securitized Assets held by the Securitization Entities on the Closing Date (“Other Assets”).
New Assets. Promptly after the acquisition by any Credit Party of any assets, whether consisting of general intangibles, real property, leasehold estates, stock, partnership interests or personal property, with an aggregate value in excess of $500,000 which do not constitute Collateral, the relevant Credit Party shall execute and deliver to the Collateral Agent, for the benefit of the Lenders, a Security Document and any other document which the Collateral Agent may reasonably require, in order to create a first priority perfected security interest in, or lien on, such asset.
New Assets. (i) The Manager shall cause the applicable Securitization Entity to enter into or acquire each of the following, to the extent entered into or acquired after the Closing Date: (a) all New Franchise Agreements and New Multi-Unit Development Agreements, (b) all After-Acquired Securitization IP (excluding Excepted Securitization IP Assets) and (c) all New Securitized Supply Agreements; provided, that the Manager shall not be required to cause any Securitization Entity to enter into any agreements or acquire any other assets relating to the Franchised Center Business in any country other than the United States. The Manager may, but will not be obligated to, contribute to the Master Issuer or its applicable Subsidiary, or otherwise cause the Master Issuer or its applicable Subsidiary to enter into, develop or acquire other assets and liabilities of a type and nature similar to the Securitized Assets held by the Securitization Entities on the Closing Date (“Other Assets”).
(ii) (A) Unless otherwise agreed to in writing by the Control Party, any contribution to, or development or acquisition by, the Master Issuer or any other Securitization Entity of any New Franchise Agreements, New Multi-Unit Development Agreements and New Securitized Supply Agreements shall be subject to all applicable provisions of the Indenture, this Agreement (including the applicable representations and covenants in ARTICLE 2 and ARTICLE 5 of this Agreement), the IP License Agreements and any other relevant Related Documents.
New Assets. If new Assets are added as a result of SR or ROI work, official Maximo asset numbers must be obtained from the COR.
New Assets. The Contractor shall provide such New Assets as it deems necessary to enable it to provide the Services or perform the Commercial Contracts, in each case in accordance with, and subject to, the Statement of Requirements and shall comply with the Statement of Requirements in providing and installing such New Assets.
New Assets. Legal title to all fixed assets contributed to the MWSS system in the Service Area by the Concessionaire during the term of the Concession shall remain with the Concessionaire until the Expiration Date (or the Early Termination Date) at which time all right, title and interest in such assets shall automatically vest in MWSS. The Concessionaire may mortgage or create security interest over such assets solely for the purpose of financing (or refinancing) the acquisition or construction thereof; provided, however, that no such mortgagce or security interest shall extend beyond the Expiration Date and , provided further, however, that no such mortgage or security interest shall be subject to foreclosure except following an Event of Termination. The Concessionaire shall not, without the prior approval of MWSS, create a security interest of any kind over all or any part of the Facilities to which MWSS has legal title. Legal title to all facilities (including any fixed assets resulting from the exercise of rights and powers referred to in Section 7.2 below) other than new assets contributed by the Concessionaire shall remain with MWSS.
