Asset or Assets definition

Asset or Assets means the inventory of all real and personal property, and all equipment, supplies and commodities that are required to be reported under West Virginia Code §5A-3-35.

Asset or Assets means aggregate property of a debtor, but does not include (i) property to the extent it is encumbered by a valid lien; (ii) property to the extent it is generally exempt under nonbankruptcy law; or (iii) an interest in property held in tenancy by the entireties to the extent it is notsubject to process by a creditor holding a claim against only one tenant; and

Asset or Assets. All personal property owned, leased, or used by the Company or the Subsidiaries including office supplies, furniture, and other equipment at the facilities owned, used, or leased as of the date hereof unless otherwise provided in the text of this Agreement (including the equity ownership interests in Subsidiaries but excluding, for the avoidance of doubt, assets of the Projects or Project Entities or assets attributable to the Subsidiaries or the Company due to, or on account of, ownership of interests in the Projects or Project Entities by virtue of attribution principles applicable for general partners of partnerships).

Examples of Asset or Assets in a sentence

• Failure to administer any Shared-Loss Asset or Assets, or Shared-Loss Securities, in accordance with Article III shall at the discretion of the Receiver constitute grounds for the loss of shared loss coverage with respect to such Shared-Loss Loan or Loans.

• The promissory note will be repaid pursuant to the terms thereof, including using the entire net proceeds of each Sale of an Asset or Assets of the Partnership in connection with or following the occurrence of the Termination Event or a Liquidity Event.

• In the event of a Representation Breach, Seller shall immediately repurchase the related Asset or Assets in accordance with Section 3.04.

• The Servicer shall amend the Asset Schedule to reflect the removal of such Replaced Asset from the terms of the Pooling and Servicing Agreement and the substitution of the Qualified Substitute Asset or Assets.

• The Company may purchase an Asset or Assets from an Affiliated Seller upon a finding by a majority of Directors (including a majority of Independent Directors) not otherwise interested in the transaction that such transaction is fair and reasonable to the Company and at a price to the Company no greater than the cost of the Asset to such Affiliated Seller, or, if the price to the Company is in excess of such cost, that substantial justification for such excess exists and such excess is reasonable.

• Payment of such fee may be made only if the Advisor provides a substantial amount of services in connection with the Sale of a Property or Properties or Asset or Assets, as determined by a majority of the Independent Directors.

• The Company may not purchase or lease an Asset or Assets from the Sponsor, the Advisor, a Director, or any Affiliate thereof.

• In addition, the amount paid when added to all other real estate commissions paid to unaffiliated parties in connection with such Sale shall not exceed the lesser of the Competitive Real Estate Commission or an amount equal to six percent (6%) of the sales price of such Property or Properties or Asset or Assets.

• To be effective, such notice must (a) be in writing, (b) be received by Seller on or prior to the Title Claim Date, (c) describe the Title Defect in reasonable detail (including any alleged variance in the Net Revenue Interest or Working Interest), (d) identify the specific Asset or Assets affected by such Title Defect, (e) include the Title Defect Value, as reasonably determined by Buyer in good faith, and (f) comply with the limitations and Title Defect Value qualifications set forth in Section 4.14.

• Upon such substitution, such Qualified Substitute Asset or Assets shall be subject to the terms of the Pooling and Servicing Agreement in all respects, including, in the case of a substitution effected by the Seller, the representations and warranties included in the related Sales Agreement, and in the case of a substitution effected by the Company, the representations and warranties set forth in Section 2.05 above, in each case as of the date of substitution.

More Definitions of Asset or Assets

Asset or Assets means any assets or property (tangible or intangible, cxxxxx or inchoate, fixed or contingent) held or owned by or for the benefit of the Company including the Company’s direct or indirect equity interests in the Subsidiaries.

Asset or Assets means any interest of a Borrower in any kind of property or asset, whether real, personal, or mixed real and personal, and whether tangible or intangible, including without limitation the FCC Licenses and all Collateral described in Section 4.11 hereof.

Asset or Assets means the asset(s) of the Company to be sold on standalone or collective basis in accordance as per the provisions of Regulations 32(a) to 32(d) of the IBBI (Liquidation Process) Regulations, 2016 and shall include the groups or parcels of assets identified under Regulations 32A(2) or 32A(3) of IBBI (Liquidation Process) Regulations, 2016 for sale as a going concern on “as is where is, as is what is, whatever there is, and no recourse basis” under Regulations 32(e) or 32(f) of IBBI (Liquidation Process) Regulations, 2016; and, unless the context otherwise requires, any reference to the sale of Assets(s) shall be construed as including a reference to the Assets identified for sale with the sale of Business(s) and sale of Company or Corporate Debtor as a going concern.

Asset or Assets means, with respect to any Person, the sum of their assets and rights, including but not limited to the plant, equipment, machinery, and real property.