Branch Assets definition

Branch Assets means assets of the third-country insurance undertaking which are attributed to branch operations, excluding any notional book amount owing from the undertaking’s non-branch operations to the undertaking’s branch operations and which are available upon the winding-up of the undertaking to pay the insurance liabilities of branch policyholders in accordance with Guideline 26.
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Branch Assets means all property, funds and assets held by a Branch and books, records and accounts of that Branch. (4.4)
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Branch Assets means all of the rights, benefits and assets of each Transferring Entity in respect of a Transferring Branch excluding: (i) the Transferring Assets referred to in paragraphs (a) through (f) (inclusive) of the definition of Transferring Assets in Schedule 1; and excluding(ii) the Excluded Assets;
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Examples of Branch Assets in a sentence

  • For the avoidance of doubt all property, funds and assets whether Branch Assets or property, funds and assets under the control of the NEC belong to the Association and may only be used in accordance with the powers granted by these Rules.

  • Notwithstanding anything else contained in this Agreement, prior to the Closing, the risk of loss of damage to, or destruction of, any and all of the Branch Assets shall remain with Seller.

  • The Employee Contracts with respect to such Non-Transferred SOI Employee Indebtedness shall be included in the Assets and Assumed Liabilities sold by Seller and acquired by Buyer at the relevant Closing for the Branch Assets and Branch Liabilities of the Business Location at which such Non-Transferred SOI Employee was primarily employed or located.

  • Branch Assets on Internal Capital Markets is the ratio of branch assets in the internal capital markets to the total liabilities.

  • The Net Payment shall be allocated to the Branch Assets in accordance with generally accepted accounting principles, consistently applied, and applicable legal requirements including, for tax purposes, applicable requirements of the Internal Revenue Code of 1986, as amended.

  • The purchase price for the Purchased Assets excluding Branch Assets (the "Purchase Price Excluding Inventory") shall be the product of 26 times the aggregate of the Monthly Recurring Revenue of the Alarm Accounts less an amount equal to the prepaid revenue relating to the Alarm Accounts (as set forth on Schedule 2(a) hereto) computed on a per diem basis to the Closing Date.

  • Seller will permit Purchaser and its representatives to make abstracts from, or take copies of, the Books and Records as may be reasonably required by Purchaser, and Seller will furnish to Purchaser such information concerning the Eagle Pass Branch, and the Branch Assets and Assumed Liabilities as Purchaser may reasonably request.

  • Seller has not engaged and is not directly or indirectly obligated to anyone acting as a broker, finder, or in any other similar capacity in connection with Seller’s sale of the Branch Assets, or in connection with any other transaction contemplated by this Agreement.

  • In this note we consider two headline points in relation to Landsbanki Island hf: (1) the responsibility of the Icelandic Government in respect of its obligations to the Icesave depositors under Directive 94/19/EC (the “Directive”); and (2) the Landsbanki Freezing Order in place in relation to the London Branch Assets.

  • Perstorp France will pay and be responsible for, or will reimburse Components Belgium for the payment of, any and all Taxes (as defined in Schedule 9.1), transfer duties, excises or charges imposed by any Governmental Authority, and all recording or filing fees, notarial fees and other similar costs, incurred or imposed with respect to the Transfer of the French Branch Assets.


More Definitions of Branch Assets

Branch Assets means, with respect to any Acquired Location or Partially Acquired Location, the Assets (including Selected Branch Assets) primarily related to such Acquired Location or Partially Acquired Location to be acquired by Buyer at a Closing in connection with the transactions contemplated hereby.
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Branch Assets means the furniture, fixtures, equipment, leasehold improvements related to ATMs and other assets owned by Seller and located in the Branch and used or held for use in the business or operation of the Branch.
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Branch Assets means the Real Property, the ATMs, the Fixed Assets, the Cash, the Leases, the Shared Space Agreements, the Safe Deposit Agreements and all keys for the safe deposit boxes and all of Seller’s records related to such safe deposit boxes. Branch Assets shall not include, nor shall Purchaser assume under this Agreement, (a) any actions, suits or proceedings pending, or to the Knowledge of Seller threatened, as of the Closing Date or (b) any liabilities, actions, suits or proceedings arising out of Seller’s actions prior to the Closing Date concerning the Branch Assets, except those that relate to the performance of a written agreement pursuant to the terms thereof following the Closing Date.
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Branch Assets means the Real Property, the ATMs, the Fixed Assets, the Consumer Loans, the Cash, the Leases, the Shared Space Agreements, the Safe Deposit Agreements and all keys for the safe deposit boxes and all of Seller's records related to such safe deposit boxes. Branch Assets shall not include, nor shall Purchaser assume under this Agreement, (a) any actions, suits or proceedings pending, or to the Knowledge of Seller threatened, as of the Closing Date or (b) any liabilities, actions, suits or proceedings arising out of Seller's actions prior to the Closing Date concerning the Branch Assets, except those that relate to the performance of a written agreement pursuant to the terms thereof following the Closing Date.
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Branch Assets means assets of the third-country insurance undertaking which are attributed to branch operations, excluding any notional book amount owing from the
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Branch Assets means all assets, properties and rights which are owned or used exclusively in connection with the conduct of the business of the Eagle Pass Branch, all of which shall be transferred at the Closing to the Purchaser free and clear of any liens, encumbrances, rights in any other party, or adverse interests of any kind. The Branch Assets include only the following:
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Related to Branch Assets

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Fixed Assets means Equipment and Real Estate.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

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

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

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Excluded Assets has the meaning set forth in Section 2.02.

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Specified Assets the following property and assets of such Grantor:

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Gross Assets means the total of fixed assets and current assets;

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Sold Assets has the meaning set forth in Section 2.01(b).

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Connection Assets means that portion of the distribution system used to connect a customer to the existing main distribution system, and consists of the assets between the point of connection on a distributor’s main distribution system and the ownership demarcation point with that customer;

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).