Common Assets definition

Common Assets means property held by or on behalf of a Strata Corporation.

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Common Assets means personal property held by or on behalf of the Strata Corporation created pursuant to Section 2 of the BC Strata Property Act or Association.

Common Assets means the portion of a resource under the joint ownership of Seller and one or more other Persons.

Examples of Common Assets in a sentence

The Consortium, as well as the execution of the subject matter of this Consortium Agreement and the use of the Common Assets, does not constitute a company between the Parties.
The Common Assets shall be used and/or consumed exclusively in the Consortium Operations.
Upon termination, the Common Assets shall be orderly settled by the Operator, and the proceeds of the sale of Common Assets not inuring to the benefit of the Contracting Party, under the Production Sharing Agreement, shall be divided between the Consortium Members according to their shares.
Upon termination, the Common Assets shall be orderly settled by the Operator, and the proceeds of the sale of Common Assets not inuring to the benefit of the Contracting Party shall, under the Production Sharing Agreement, be divided among the Consortium Members according to their shares.
When the work is completed, the Common Asset shall be settled by the Operator in an orderly manner, with the proceeds obtained from the sale of the Common Assets that are not reverted to ANP, in accordance with the Production Sharing Contract, will be divided between the Consortium Members according to their share.

More Definitions of Common Assets

Common Assets means personal property acquired for the use of all the Owners as well as the fixtures, pipes, wires and other facilities used for generation, storage, collection or distribution of water, sewage, drainage, electricity, telephone, garbage collection and other utility services;

Common Assets has the meaning given to such term in the BTA;

Common Assets means personal property held by or on behalf of the Insured for the benefit of any Owner.

Common Assets means personal property held by or on behalf of the Strata Corporation

Common Assets means those assets which are constructed on, over, under and within the Lands so as to become part of the title to the Lands, for the use of all Co-Owners in common, including, but not limited to, the sewage disposal system, the potable water system to the point of hook up at each RV Lot, the electrical services, drainage landscaping, kiosks, pump houses, lighting, signage and any other assets installed or used for the benefit of Co-Owners from time to time.

Common Assets means: any amount paid by the Beneficiary Member State to the Common Paying Agent pursuant to Clause 2.1; and any amounts received or recovered by the Common Paying Agent in relation to the Liabilities which shall be held on trust to be applied for the benefit of the Creditors pursuant to Clause 3.2 (Obligations in respect of turnover of receipts) or Clause 4.2 (Obligations in respect of turnover of receipts).

Common Assets means (i) installations and equipment built on or within the Demerged LTO Units from time to time and used by the Non-LTO Units or all the production units at the Doel and Tihange sites; or (ii) installations and equipment built on or within the Non-LTO Units or other production units at the Doel and Tihange sites (excluding the Demerged LTO Units) from time to time and used by the Demerged LTO Units or all the production units at the Doel and Tihange sites;