California Assets definition

California Assets means all assets of the Debtors, wherever located, relating to the Debtors’ operations in the State of California, including the “Mortgaged Properties” as such term is defined in the California Mortgage.
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California Assets means all assets of the Debtors, wherever located, relating to the Debtors’ operations in the State of California, including, without limitation, the “Mortgaged Properties” as such term is defined in that certain Mortgage, Deed of Trust, Assignment, Security Agreement, Fixture Filing and Financing Statement from ERG to Lawrence C. Adams, Trustee for the benefit of the Administrative Agent dated January 24, 2013.
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California Assets means the Telecommunications Assets, consisting of two communication systems, owned by the Borrowers and the Restricted Subsidiaries that are, on the Fourth Amendment Effective Date, physically located in California and utilized to provide telecommunications services to customers of the Borrowers or the Restricted Subsidiaries in California plus (i) such additional Telecommunications Assets as are, after the Fourth Amendment Effective Date, acquired for such cable systems and located in California pursuant to Capital Expenditures made in accordance with Section 6.12(m), (ii) related net working capital and (iii) Equity Interests in Persons that own no assets other than such assets; provided that California Assets shall not in any event include any cash, cash equivalents, Permitted Investments or accounts receivable (other than trade and customer receivables). On the Fourth Amendment Effective Date, the book value of the California Assets is approximately $325,000,000.
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Examples of California Assets in a sentence

  • These assets generated approximately 90% of Longview’s operating revenue.In September 2014, Longview circulated to the Board a “fully negotiated” purchase and sale agreement (“PSA”) for the California Assets at $43.1 million.

  • Ramifications of the Asset Sale, Plan of Dissolution and Texas Litigation Two factors resulted in Longview’s conclusion that it could not make an immediate distribution to stockholders following the asset sale: (1) the value and ultimate purchase price of the California Assets fell precipitously in 2014, and(2) the Texas Supreme Court weighed in on the Texas Litigation.

  • In early October 2014, prior to the scheduled Board meeting to vote on the proposed sale, oil prices collapsed and the value of the California Assets tumbled.

  • Within a month of this proposal, oil prices collapsed, the value of the California Assets decreased and the buyer elected to walk away from the proposed transaction.

  • In September 2014, Longview circulated to stockholders a fully-negotiated, but yet unsigned, purchase and sale agreement for the California Assets at a proposed price of $43.1 million.

  • Huff.In May 2015, Longview circulated a new purchase and sale agreement for the California Assets, including a plan of dissolution, at a price of $28 million.

  • Notwithstanding the low oil prices, Longview management continued to seek a buyer for the California Assets.

  • Huff Energy does not contest any aspect of the sale of the California Assets.

  • The Board was advised, however, that several potential buyers were interested in Longview’s California Assets, consisting primarily of oil and gas properties and drilling and coring assets.

  • The Board relented and focused its efforts on a sale of the California Assets separate from the remainder of Longview.


More Definitions of California Assets

California Assets has the meaning set forth in Section 7.20.
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California Assets is defined in Section 2.12(b) of this Agreement.
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California Assets has the meaning assigned to it in Section 3.3.
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California Assets means (a) the Contra Costa/San Jxxx Assets and the St. Pxxx/Monterey Assets (other than the St. Pxxx Pioneer Press), (b) up to $470 million in cash to be used to pay the purchase price thereof under the Hearst Purchase Agreement, the Hearst Investment Agreement and the McClatchy Purchase Agreement (and associated expenses) or (c) a combination of such assets and cash with aggregate value not to exceed $470 million.
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California Assets means all interests of the Company in Pt. Pedernales and the Unocal Assets.
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California Assets has the meaning set forth in Section 8.19 hereof.
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Related to California Assets

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned by any Pledgor or represented by any Partnership Interest.

  • Federal property means any build- ing, land, or other real property owned, leased, or occupied by any department, agency or instrumentality of the United States (including the Depart- ment of Defense and the U.S. Postal Service), or any other instrumentality wholly owned by the United States, or by any department or agency of the District of Columbia or any territory or possession of the United States.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • College property means any property owned, leased, or controlled by a member college of the Virginia Community College System and the administrative office of the Virginia Community College System.

  • Cemetery means 1 or a combination of more than 1 of the following:

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • State property means any building, land, or other real property owned, leased, or occupied by any department, agency, or instrumentality wholly owned by the State, unless, with respect to any building, land, or other real property leased or rented by the State, the lease or rental agreement shall prohibit the establishment of such vending facilities.

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

  • Timberlands means all the timberlands from time to time owned by the Loan Parties.

  • surplus assets means the assets after payment of the debts and liabilities remaining on a winding-up of the incorporated association and the costs, charges and expenses of the winding-up;

  • Subject Assets is defined in Section 2.2(c).

  • 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;

  • Restricted Assets means all licenses, permits, franchises, approvals or other authorizations from any Governmental Authority from time to time granted to or otherwise held by the Company to the extent the same constitute “Excluded Assets” under (and as defined in) the Senior Lien Documents or the Junior Lien Documents or are similarly carved out from the granting clause or the collateral thereunder.

  • Assets includes present and future properties, revenues and rights of every description;

  • Community property means that property of a husband and wife

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the Development in accordance with the application and/or any subsequent reserved matters approval.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • 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.

  • Limited Liability Company Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all limited liability company capital and interest in other limited liability companies), at any time owned or represented by any Limited Liability Company Interest.

  • 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;

  • Company IT Assets means computers, Software, firmware, middleware, servers, workstations, routers, hubs, switches, data communications lines, and all other information technology equipment, and all associated documentation, in each case, used or held for use by a member of the Company Group.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 2 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • IP Assets means all Intellectual Property owned or used by or purported to be owned or used by the Group Companies.