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 (ii) the Excluded Assets;
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Examples of Branch Assets in a sentence

  • 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.

  • Paragraph 14.13 will apply to the separate transactions to Transfer the Shares and the French Branch Assets at Completion in accordance with the Agreement.

  • 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.

  • Purchaser shall be responsible for the payment of all taxes arising as a result of the purchase of the Branch Assets; except that Purchaser shall not be responsible for, or have any liability with respect to, taxes on any income to Seller arising out of this transaction.

  • A charge shall be made against the Escrow Account for the benefit of Purchaser for each Alarm Account that it is determined the Monthly Recurring Revenue used in computing the Purchase Price Excluding Branch Assets exceeded the actual Monthly Recurring Revenue for such Alarm Accounts as of the Closing Date.

  • Subject to the terms and conditions of this Agreement, and subject to adjustment as provided in Section 1.6 below, the net amount (the “Net Payment”) to be paid by the Purchaser to the Seller for the Assets is an amount equal to the difference between (a) the book value of the Branch Assets (without reduction for any amount of the Allowance for Loan Losses), plus $7,500,000.00, and (b) the book value of the Assumed Liabilities assumed by Purchaser under the terms hereof.

  • All tax information reporting and filing requirements and all tax withholding requirements with respect to the Branch Assets and the Assumed Liabilities are the responsibility of Seller up to and through the date of Closing and the responsibility of Purchaser thereafter.

  • Seller either has paid all payroll, withholding, property, sales, use, transfer, documentary, backup withholding, license and similar taxes imposed by any taxing authority which are due and payable by Seller with respect to the activities conducted by the Branch, Assets, Liabilities, or has properly accrued for the same by reserves shown on Seller's books and records of account, or will have done one or the other of the foregoing on or before the Closing Date.

  • 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 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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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 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 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 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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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 the Equipment and Real Estate of the Borrower.

  • 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 2.2.

  • 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 the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both 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 has the meaning set forth in Section 2.1.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction 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).