Future asset definition

Future asset means a movable asset, which does not exist or which the grantor does not have rights in or the power to encumber at the time the security agreement is concluded;
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Future asset means an apartment or a house which is under construction or already constructed but not yet inspected for putting into use, or as otherwise defined by the laws of Vietnam from time to time.
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Future asset means an Asset acquired by Borrower after November 30, 2002.
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Examples of Future asset in a sentence

  • Future asset acquisition – Draft a policy for how future asset acquisition decisions will be made.


More Definitions of Future asset

Future asset means a movable asset which does riot exist or which the debtor does not have rights in
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Related to Future asset

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Taxable Property means all Assessor’s Parcels which are not Exempt Property.

  • Portfolio Asset means an asset of an investment fund;

  • Hotel Property means a Property on which there is located an operating hotel.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;