Covered Asset definition

Covered Asset means any BES Cyber Asset, BES Cyber System, Protected Cyber Asset, Electronic Access Control or Monitoring System, or Physical Access Control System that is subject to an Applicable Requirement.

Covered Asset means any Asset owned by a Restricted Subsidiary, the Disposition of which is subject to subclause (i) or (ii) of Section 6.04(b).

Covered Asset means a Cyber Asset or Critical Cyber Asset that is subject to an Applicable Requirement.

Examples of Covered Asset in a sentence

• Prior to the disposition of a Covered Asset, the asset cannot be charged off, marked to a market value, depreciated, amortized, or otherwise treated in a manner that supposes an actual or possible diminution of value below the asset’s fair market value.

• The involved Covered Asset or a New Acquisition shall be entitled (but not obliged) to participate in any negotiations or proceedings to settle or otherwise eliminate any claim.

• A separate TFE Request shall be submitted for each Applicable Requirement pertaining to each Covered Asset for which the Responsible Entity seeks a TFE.

• For joint life Certificates, except for certain situations where the Covered Persons have divorced as described in Section 8.2, the Insured Event condition that the Covered Person be alive when the Covered Asset Pool is depleted will be met if either Covered Person is alive at that time.

• The proposed regulations modify this rule to clarify that the entity that actually holds the Covered Asset will be treated as the owner of such asset.

More Definitions of Covered Asset

Covered Asset means an asset that—

Covered Asset means any of the following categories of assets if

Covered Asset. Shares of an Eligible Asset purchased by a Certificate Owner for coverage under this Contract and his or her Certificate and held within an Account.

Covered Asset means any material component of real estate comprising the Leased Interests and the Sutton & Murray Hill Fees, if to be transferred as herein described.

Covered Asset means any equipment, asset or other property located at or within a Covered Facility that LEP or a Project SPE has an obligation to provide any Services on pursuant to an Ancillary Agreement.

Covered Asset means any BES Cyber Asset, or CriticalBES Cyber AssetSystem, Protected Cyber Asset, Electronic Access Control or Monitoring System, or Physical Access Control System that is subject to an Applicable Requirement, or part thereof.

Covered Asset means one of those assets or exposures.