Contingent Assets definition

Contingent Assets shall have the meaning set forth in Section 6.15(c) of this Agreement.
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Contingent Assets means all recoveries by the Debtor or any of its Subsidiaries (other than the Initial Payment, Expense Savings, Contingent Expense Savings or Holdback Proceeds), including, without limitation, any tax refunds, any proceeds from the sale of tax losses or attributes, any proceeds from the sale, farmout or development of the Deep Rights and any proceeds from Litigation Claims.
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Contingent Assets means all rights of Sellers from and after the date hereof under (i) the Contingent Purchase Price Agreement dated May 15, 2001 by and between PD Winter Street, LLC and Polaroid, (ii) the Promissory Note dated June 21, 2000 made by 000 Xxxxxx Xxxxxx, LLC in favor of Polaroid in the original principal amount of $400,000, (iii) the Convertible Promissory Note dated April 7, 2000, and due April 7, 2005, made by Boston Laser, Inc. in favor of Polaroid in the original principal amount of $1,000,000, (iv) the balance outstanding on the date hereof under the Promissory Note dated April 7, 2000, and due October 7, 2001, made by Boston Laser, Inc. in favor of Polaroid in the original principal amount of $1,000,000, and (v) the Operating Agreement of GNBIF/Polaroid, LLC between The Greater New Bedford Industrial Foundation and Polaroid that is the subject of that certain Motion for Order Pursuant to 11 U.S.C. Sections 105(a) and 363(b) and Fed. R. Bankr. P. 6004, Authorizing Polaroid Corporation's Entry into an Operating Agreement with the Greater New Bedford Industrial Foundation filed by Polaroid with the Bankruptcy Court on March 28, 2002 (Docket No. 775).
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Examples of Contingent Assets in a sentence

  • Contingent Assets are neither recognized nor disclosed in the financial statements.

  • Contingent Assets are neither recognised nor disclosed in the financial statements.

  • Contingent Assets A contingent asset arises where an event has taken place that gives the Council a possible asset whose existence will only be confirmed by the occurrence or otherwise of uncertain future events not wholly within the control of the Council.

  • IFRIC 21 provides guidance on accounting for levies in accordance with IAS 37, Provisions, Contingent Liabilities and Contingent Assets.

  • Contingent Assets A contingent asset arises where an event has taken place that gives the Authority a possible asset whose existence will only be confirmed by the occurrence or otherwise of uncertain future events not wholly within the control of the Authority.


More Definitions of Contingent Assets

Contingent Assets means the Holthouse Claim and the IVC/Burbank Lease Renegotiation.
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Contingent Assets means the contingent assets of the Telemig/Amazônia Companies indicated in Annex B to this Agreement.
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Contingent Assets means, as of any date, all escrows, notes, residual interests, working capital adjustments and preferred shares listed on Exhibit A hereto that remain outstanding and subject to recovery or liquidation in whole or in part by the Debtors or the Liquidating Agent.
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Contingent Assets shall include (i) the Final Net Profit Payment, (ii) the Prorated Tax Adjustment (as defined below), if positive, (iii) the Refunded Litigation Reserves, (iv) any Other Manager Payments (as defined below) and (v) all claims or demands of any nature whatsoever, known or unknown, anticipated or unanticipated, accrued or unaccrued, which have been or may be asserted by or on behalf of the Partnership, and which arise out of events occurring prior to the Closing with respect to the Material Contracts.
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Contingent Assets means (i) the return or payment of funds, if any, from the BMC Escrow to the Reorganized Debtors, (ii) the return of refunds, if any, from governmental taxing authorities in respect to state income taxes previously paid by the Debtors relating to taxing periods prior to the Effective Date, (iii) potential recoveries on account of certain Litigation Claims, and/or (iv) other potential assets of the Debtors corresponding to the applicable Line Items in the Stock Adjustment Formula.
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Contingent Assets means the value of contingent receivables of the Company, which shall be calculated in accordance with Schedule 11 by the Closing Diligence Advisor.
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Contingent Assets shall include (i) one-half of the Refunded Incentive Management Fee, (ii) the Prorated Tax Adjustment (as defined below), if positive, (iii) the Refunded Litigation Reserves, (iv) any Other Manager Payments (as defined below) and (v) all claims or demands of any nature whatsoever, known or unknown, anticipated or unanticipated, accrued or unaccrued, which have been or may be asserted by or on behalf of the Partnership, and which arise out of events occurring prior to the Closing with respect to the Material Contracts.
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