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.
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 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.
Examples of Asset Exchange in a sentence
Asset exchange transactions are measured at cost if the transaction lacks commercial substance or the fair value of neither the asset received nor the asset given up is reliably measurable.
If any Digital Asset is determined to be a “security” under U.S. federal or state securities laws or a Digital Asset exchange is determined to be operating illegally, it may have material adverse consequences for Digital Assets due to negative publicity or a decline in the general acceptance of Digital Assets.
A Meter which is being disconnected and connected as part of the same job is classed as an Asset exchange and is not covered by this process.
Asset exchange agreementOn March 13, 2018, Petrus closed a property swap transaction to exchange assets with an arm's length party.
Disconnection and connection of Metering Assets as part of the same job, is classed as a Metering Asset exchange and is not covered by this process.
More Definitions of Asset Exchange
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.
Asset Exchange as defined in subsection 13.6.
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. Bank holding company is defined in section 2 of the Bank Holding Company Act of 1956, as amended (12 U.S.C. 1841 et seq.).
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.
Asset Exchange as defined in subsection 8.6(h).
Asset Exchange means any transaction in which the Issuer or one of its Subsidiaries exchanges assets for Substitute Assets, cash or Permitted Investments where the Fair Market Value (evidenced by an Officers’ Certificate of the Manager delivered to the Trustee) of the Substitute Assets and cash or Permitted Investments received by the Issuer and its Subsidiaries in such exchange is at least equal to the Fair Market Value (which determination shall be made in the good faith judgment of the Manager) of the assets disposed of in such exchange.