Asset Exchange definition

Asset Exchange means the exchange or other transfer of telecommunications assets between or among the Borrower and another Person or other Persons in connection with which the Borrower would transfer telecommunications assets and/or other property in consideration of the receipt of telecommunications assets and/or other property having a fair market value substantially equivalent to those transferred by the Borrower (as determined in good faith by the Borrower’s Board of Directors); provided that the principal value of the assets being transferred to the Borrower shall be represented by telecommunications assets.

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Asset Exchange means the acquisition of property, plant and equipment or intangible assets in exchange for the delivery of other non-monetary assets or of a combination of monetary and non-monetary assets.

Asset Exchange means the exchange or other transfer of telecommunications assets between or among the Borrower and another Person or other Persons in connection with which the Borrower would transfer telecommunications assets and/or other property in consideration of the receipt of telecommunications assets and/or other property having a fair market value substantially equivalent to those transferred by the Borrower (as determined in good faith by the board of directors of the Borrower); provided that the principal value of the assets being transferred to the Borrower shall be represented by telecommunications assets.

Examples of Asset Exchange in a sentence

• ONJOB (This is work completed only, or the status e.g. re-planned) 1C/D – Pre-notification of Asset Installation* 2C/D – Pre-notification of Asset Removal 3C/D– Pre-notification of Asset Exchange 1J /K – Notification of Asset Installation 2J /K – Notification of Asset Removal 3J /K – Notification of Asset Exchange • IGT will send ONJOB notifications to supplier for all installations, removals and exchanges carried out by the IGT MEM.

• Request Job 15.1 Request Job – ORJOB 1B – Request Asset Installation * 2B – Request Asset Removal 3B – Request Asset Exchange • IGT MEM takes instructions to carry out work via PSR process (notification sent upon installation, see 2 below) on new housing developments and infill schemes.

• Except as referred to in Section 2.2 hereof, it is the intent of the parties that such employee shall not be entitled to any termination or severance benefits as a result of the closing of the transactions contemplated by the Asset Exchange Agreement, and each of the parties shall cause their respective severance plans, policies, programs or arrangement to be interpreted and administered consistent with such intent.

• The term "Agreement" shall mean and refer to this Asset Exchange Agreement.

• In addition thereto, GCOA shall assume all debt (including any balance of any remaining debt incurred by Company to acquire the assets under the Asset Exchange Agreement) and all contracts, payables and leases which are obligations of Company which relate to Company's obligations which are performed at the Office Locations under this Agreement.

More Definitions of Asset Exchange

Asset Exchange as defined in subsection 13.6.

Asset Exchange means any transfer of operating properties or assets by SSCC or any of the Subsidiaries to any Person in which at least 75% of the consideration received by the transferor consists of operating properties or assets of comparable use.

Asset Exchange means any transfer of operating properties or assets by the Company or any of its Restricted Subsidiaries to any Person in which at least 75% of the consideration received by the transferor consists of operating properties or assets to be used by the Company or any of its Restricted Subsidiaries in its business; provided that a transfer of ABL Priority Collateral the consideration of which consists of assets that are not ABL Priority Collateral shall not constitute an Asset Exchange.

Asset Exchange means, in connection with any Asset Disposition by a Consolidated Party, any substantially contemporaneous exchange of Property of such Consolidated Party for Property (that would otherwise constitute an Eligible Reinvestment) of the other party to such Asset Disposition.

Asset Exchange means a transaction in which, as of the calculation date, the counterparties have previously ex- changed non-cash assets, and have each agreed to return such assets to each other at a future date. Asset exchanges do not include secured funding and se- cured lending transactions. Average weighted short-term wholesale funding means the average of the na- tional bank’s or Federal savings asso- ciation’s weighted short-term whole- sale funding for each of the four most recent calendar quarters as reported quarterly on the FR Y–15 or, if the na- tional bank or Federal savings associa- tion has not filed the FR Y–15 for each of the four most recent calendar quar- ters, for the most recent quarter or averaged over the most recent quar- ters, as applicable.

Asset Exchange means any transfer of operating properties or assets by the Company or any of its Restricted Subsidiaries to any Person in which at least 75% of the consideration received by the transferor consists of operating properties or assets to be used by Company or any of its Restricted Subsidiaries in its business; provided that a transfer of Collateral the consideration of which consists of assets that are not Collateral shall not constitute an Asset Exchange.

Asset Exchange the acquisition by a Citigroup Ring-Fence Entity of an Exchange Asset to the extent permitted by the Governance and Asset Management Guidelines.