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 a movable asset which does riot exist or which the debtor does not have rights in
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Examples of Future asset in a sentence

  • Notwithstanding any other provisions of this Agreement to the contrary, this Agreement shall not constitute an agreement to assign or transfer any Spinco Asset or Spinco Future Asset, or to transfer and assume any Spinco Liability or Spinco Future Liability, if an assignment or attempted assignment or transfer or attempted transfer and assumption of the same without the consent of another Person would constitute a breach of any contract or agreement or violate any applicable law, rule or regulation.

  • The initial Annual Budget for any future Properties acquired by the Company pursuant to the Qualified Future Asset Investment Agreement shall be prepared and submitted to the Executive Committee for approval at least thirty (30) days prior to the anticipated closing date of said Property.

  • Except as set forth in this Agreement, the Initial Contribution Agreement and the Qualified Future Asset Investment Agreement, there are no representations, agreements, arrangements or understandings, oral or written, between and among the parties hereto relating to the subject matter of this Agreement which are not fully expressed herein or therein.

  • This Agreement, the Initial Contribution Agreement and the Qualified Future Asset Investment Agreement contain the entire understanding among the Members and supersede any prior understandings, term sheets, inducements or conditions, expressed or implied, written or oral, among them respecting the subject matter contained herein.

  • PROPERTY, PLANT AND EQUIPMENT JUNE 30 December 31 2004 2003 --------------------------- Capitalized Oil and Natural Gas Expenditures $952,808 $940,890 Accumulated Depletion and Depreciation (319,766) (284,808) Impairment recognized December 2003 (130,000) (130,000) Initial Present Value of Estimated Future Asset Retirement Expenditures 24,137 24,137 Accumulated Amortization of Future Asset Retirement Expenditures (9,150) (8,082) --------------------------- $ 518,029 $542,137 --------------------------- 4.

  • In addition, CBOP and Duke agree to keep the terms and provisions of this Agreement, the Operating Agreement and the Future Asset Agreement confidential and not to disclose the terms thereof.


More Definitions of Future asset

Future asset means an Asset acquired by Borrower after November 30, 2002.
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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.

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • Eligible Property means property beneficially owned by a person or entity other than the Fund and held in a bank account maintained by BNYM for or on behalf of the Fund, or property held in a Fund shareholder account, which is (x) subject to reporting or escheat under an Unclaimed Property Law, (y) of a nature or type or classification reasonably related to the services performed by BNYM under this Agreement (such as cash amounts representing non-negotiated dividend checks and shares in abandoned shareholder accounts), and (z) under the control of BNYM.

  • Royalty interest owner means a person or the estate of a person, other than a working interest owner, who owns the right to or interest in any portion of the oil and/or gas, or proceeds from the sale thereof, from a tract.

  • immovable property shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships, boats and aircraft shall not be regarded as immovable property.

  • Taxable Public Property means all Assessor’s Parcels of Public Property that are not exempt pursuant to Section E below.

  • Related Security means, with respect to any Receivable: