Board Assets definition

Board Assets means any assets purchased by the Outgoing Administering Authority using (a) the funds of the Board (including any assets transferred at the Commencement Date); or (b) any funds loaned to the Outgoing Administering Authority for the purpose of the fulfilment of its functions under this Agreement; "Collection Contract Obligations" means the obligations of the Administering Authority as party to the Principal Contracts (excluding the Disposal Contracts); "Exit Assistance" means the provision of advice, training, assistance, information, data (and format thereof) and actions as are reasonably requested by the Replacement Administering Authority to effect a smooth transfer (and continued operation) of any of the Administering Authority Obligations from the control and provision of the Outgoing Administering Authority to the Replacement Administering Authority; "Exit Plan” means the agreed plan for the transfer and transition arrangements, setting out the timetable and scope of required activities as set out in this Schedule 3, for transferring all or part of the Administering Authority Obligations from the control and provision by the Outgoing Administering Authority to the control and provision of the Replacement Administering Authority; "Exiting Employee" means an Outgoing Administering Authority Employee who is listed in the Exiting Employees List and who is intended to transfer to a Replacement Administering Authority on a Handover Date; "Exiting Employees List" means the list of Outgoing Administering Authority Employees agreed between the Outgoing Administering Authority and the Replacement Administering Authority in accordance with this Schedule 3 (as such list is updated before the relevant Handover Date by agreement between the Parties);

Examples of Board Assets in a sentence

  • The Board Assets and Liabilities Committee (ALCO), comprising both non-executive and executive directors, is responsible for monitoring structural risks on both sides of the balance sheet.

  • Defendant shall take all steps necessary to ensure that the Gypsum Board Assets are fully maintained in operable condition at no lower than their current rated capacity configurations, and shall maintain and adhere to normal maintenance schedules for the Gypsum Board Assets.

  • The Foundation Board shall establish and enforce policies to identify and manage potential conflicts of interest and ensure that Foundation Board Assets do not directly or indirectly unduly benefit any individual or group.

  • Defendant shall appoint a person or persons to oversee the Gypsum Board Assets, and who will be responsible for defendant’s compliance with Section IX of this Final Judgment.

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  • Defendant shall require, as a condition of the sale or other disposition of all or substantially all of the Gypsum Board Assets, that the purchaser or purchasers agree to be bound by the provisions of this Final Judgment.

  • In the opinion of the Board, Assets of the company excluding Capital-work-Progress have a value on realization, at least equal to the amount at which they are stated in the books of accounts and provision for all known liabilities, except as mentioned otherwise, has been made.

  • Defendant shall permit prospective purchasers of the Divestiture Package to have access to personnel and to make such inspection of the Gypsum Board Assets, the intangible assets relating to the licenses described in Section IV (A) of this Final Judgment, and any and all financial, operational, or other documents and information customarily provided as part of a due diligence process.

  • The Bank's corporate bodies, internal management structures and other functions relevant for the risk management are: Supervisory Board, Management Board, Assets and Liabilities Committee, Management Board member responsible for the risk control, Risk Management Department, Treasury and Financial Market Department (CFO), Planning and Financial Control Department, Accounting Department, Internal Audit Department.

  • In the opinion of the Board, Assets of the company excluding Nature ofTransactionAssociatesCompanyCapital-work-Progress whose no technical evaluation has been made during the year, have a value on realization, at least equal to the amount at which they are stated in the books of accounts and provision for all known liabilities, except as mentioned otherwise, has been made.30.

Related to Board Assets

  • Fixed Assets means the Equipment and Real Estate of the Borrower.

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • Purchased Assets has the meaning set forth in Section 2.1.