Commingled Assets definition

Commingled Assets means any assets or properties in which the Grantor has any right, title or interest that are not exclusively associated with its Membership, including receipts in which the Grantor has any right, title or interest (including in respect of sponsorship and signage, suite and premium club fees, food and beverage, and merchandise, and that are held in any account which contains receipts of the same nature and in which any Affiliate of the Grantor (other than a Subsidiary of the Grantor) has any right, title or interest), together with any proceeds of the foregoing; provided that Core Collateral shall not constitute Commingled Assets.
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Commingled Assets means funds credited to a deposit account or money mixed with other money so that they ceased to be identifiable;
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Commingled Assets has the meaning set forth in Section 2.4(d)(iii).
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Examples of Commingled Assets in a sentence

  • As between the Parties, Schering-Plough shall retain all liabilities under the Excluded Assets, subject to the obligations of Centocor under Section 2.4(d) relating to use of Commingled Assets.

  • The Transferred Assets and the Commingled Assets, together with the other assets used or to be used by Schering-Plough and its Affiliates to provide Elected Transition Services and Transition Manufacturing Services, collectively constitute all assets used by Schering-Plough and its Affiliates to Commercialize the Products in the Relinquished Territories.


More Definitions of Commingled Assets

Commingled Assets means all assets and rights of Schering-Plough and its Affiliates of whatever kind and nature, tangible or intangible, owned, leased, licensed, used or held for use or license by or on behalf of Schering-Plough and its Affiliates that are not included within the Transferred Assets but are nevertheless used by Schering-Plough in connection with Commercialization of the Products in a Relinquished Territory. For the avoidance of doubt, cold storage equipment owned or controlled by Schering-Plough or any of its Affiliates shall not be a Commingled Asset or a Transferred Asset but shall be an Elected Transition Service if so requested by Centocor pursuant to the provisions of Section 2.2(a).
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Related to Commingled Assets

  • Commingle means the act of Commingling.

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

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

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

  • 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).

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • 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;

  • 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.

  • Commingling means the connecting, attaching, or otherwise linking of an Unbundled Network Element, or a Combination of Unbundled Network Elements, to one or more facilities or services that a requesting Telecommunications Carrier has obtained at wholesale from Qwest, or the combination of an Unbundled Network Element, or a Combination of Unbundled Network Elements, with one or more such facilities or services.

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

  • Surplus property means excess personal property not required by any Federal agency as determined by the Administrator of the General Services Administration (GSA).

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

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

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

  • 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.

  • 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:

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.