Club Assets definition

Club Assets means any and all assets owned or controlled by the BBC. “Default Rate” means the BBC’s bank overdraft interest rate plus a further 5% per annum, calculated daily.
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Club Assets means all assets or rights which the Club acquires by donation, purchase or any other transaction whatsoever;
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Club Assets at any time, means the aggregate value of the Assets at that time as calculated by the Responsible Entity in accordance with clause 18;
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Examples of Club Assets in a sentence

  • HPC shall satisfy a portion of its Initial Capital Contribution by assigning to the Company all of its right, title and interest in and to the Card Club Site, including without limitation the Real Property Rights and HPC's rights under the Purchase Agreement, the Lease and the License Rights Option (together, the "Initial Card Club Assets"), upon approval of such assignment by the City and CEI.

  • The Company shall assume all of HPC's obligations under or with respect to the Initial Card Club Assets, including without limitation obligations under the agreements set forth in Schedule 2.1, ------------ and shall indemnify HPC and HPI and hold each of them harmless from and against all losses, liabilities, costs and expenses with respect thereto (the "Card Club Liabilities").

  • Without limiting the generality of the foregoing, Buyer will pay a single $100,000 commission to The Weatherby Company, who represents Buyer, at Closing with respect to the Property and the Club Assets and will satisfy any other obligation owed to The Weatherby Company in connection with the closing of the Acquisition and the acquisition of the Club Assets.

  • Seller acknowledges and agrees that (a) the purchase of the Property pursuant to this Agreement is specifically conditioned upon and directly related to the purchase of the Club Assets pursuant to the Club Purchase Agreement and (b) Buyer is also the recipient of certain representations, warranties and indemnification from the Operator pursuant to the Club Purchase Agreement.

  • The Manager shall have, without limitation the authority to exercise all rights and fulfill all obligations with respect to the Initial Card Club Assets, including without limitation rights and obligations under the agreements set forth in Schedule 2.1.

  • Club Assets" shall have the meaning set forth in Recital E of the Agreement.

  • Attached Exhibit F contains a complete list, by deed reference or otherwise, of all real property and interests in real property owned, leased or used in connection with the operation of the Club (the "Club Assets").

  • The Club has good and marketable title to the Club Assets free and clear of all mortgages, security interests, charges, claims, options, rights of first refusal, easements, restrictions, liens, rights-of-way or other encumbrances of any nature whatsoever, except for the liens, encumbrances and security interests disclosed on attached Exhibit F.

  • The Manager shall have, without limitation the authority to exercise all rights and fulfill all obligations with respect to the Initial Card Club Assets, including without limitation rights and obligations under the agreements set forth in Schedule -------- 2.1.

  • The Company shall assume all of HPC's obligations under or with respect to the Initial Card Club Assets, including without limitation obligations under the agreements set forth in Schedule 2.1, and shall indemnify HPC and HPI and hold each of them harmless from and against all losses, liabilities, costs and expenses with respect thereto (the "Card Club Liabilities").


More Definitions of Club Assets

Club Assets means the California Yacht Club, the Los Angeles Athletic Club and the Downtown Los Angeles Real Estate Assets, in each case, together with the business, assets and Subsidiaries related thereto.
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Club Assets shall have the meaning set forth in Recital E of the Agreement.
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Related to Club Assets

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other 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.

  • 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.

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

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

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

  • 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.

  • Receivables and Related Assets means any account receivable (whether now existing or arising thereafter) of the Company or any Restricted Subsidiary of the Company, and any assets related thereto including all collateral securing such accounts receivable, all contracts and contract rights and all Guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transaction involving accounts receivable.

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • 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”).

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

  • Timeshare Property means one or more accommodations subject to the same timeshare instrument, together with any other property or rights to property appurtenant to those accommodations.

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

  • Permitted Receivables Related Assets means any other assets that are customarily transferred, sold and/or pledged or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing (including, without limitation, lock-boxes, deposit accounts, records in respect of Receivables and collections in respect of Receivables).

  • 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.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

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

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

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Invested Assets means the sum of the market value of the securities held in the Portfolios, and shall not include cash or cash equivalents.

  • Purchased Property As defined in Section 2.01(a) of the Pooling Agreement.

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

  • Program Assets means any assets, goods or property (real, tangible or intangible) purchased or financed in whole or in part (directly or indirectly) by MCC Funding.

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