ACP Property definition
ACP Property means any and all contracts, inventory (other than uranium inventory), equipment, fixtures, intellectual property, licenses, permits and real or other personal property, in each case, that are reasonably required for the American Centrifuge Project and are listed on Schedule 1.02 attached hereto (the “ACP Schedule”), which ACP Schedule may be updated periodically after the Effective Date as may be agreed by the Borrowers and the Administrative Agent to add to or remove from such ACP Schedule items of property (including inventory, contracts, equipment, fixtures, real property, intellectual property, licenses or permits); provided, however, that the consent of the Required Revolving Lenders voting as a separate Class and the Required Term Lenders voting as a separate Class shall be required for the addition of property having a value of over $5,000,000 in the aggregate for all property added.
Examples of ACP Property in a sentence
Upon any sale, lease, transfer or other disposition by Pledgor of any Collateral (including, without limitation, any ACP Property) in a transaction expressly permitted hereunder and under the Indenture, the Lien and security interest created by this Agreement in and upon such Collateral shall be automatically released.