Examples of Granted Assets in a sentence
The Trustee hereby acknowledges the conveyance of the Granted Assets and the receipt of the Leases and the other Granted Assets granted by the Issuer hereunder and declares that the Trustee, through a custodian, will hold such Leases and other Granted Assets conveyed by the Issuer in trust, for the use and benefit of all Noteholders subject to the terms and provisions hereof.
The parties hereto agree that it is their mutual intent that, for all applicable tax purposes, the Notes will constitute indebtedness and that for all applicable tax purposes, accordingly, the Issuer will be treated as sole and exclusive owner of the Granted Assets.
Granted Assets include gifted assets to Council such as roads, footpath and kerb and channels from developers who create new subdivisions.
The Trustee hereby acknowledges the conveyance of the Granted Assets and the receipt of the Leases and the other Granted Assets granted by the Company hereunder and declares that the Trustee, through a custodian, will hold such Leases and other Granted Assets conveyed by the Company in trust, for the use and benefit of all Noteholders subject to the terms and provisions hereof.
Indenture Trustee hereby acknowledges the conveyance of the Granted Assets and the receipt of the Leases and the other Granted Assets granted by Issuer hereunder and declares that Indenture Trustee, through a custodian, will hold such Leases and other Granted Assets conveyed by Issuer in trust, for the use and benefit of all Noteholders subject to the terms and provisions hereof.
Granted Assets include gifted assets to Council such as roads footpath kerb and channels from developers who create new subdivisions.
All Granted Assets shall be treated as equity by the utility companies in order to determine the actual cost of supply and to avoid injection of subsidy through the generation and network cost of supply.
Each Option shall have an exercise price per share of common stock equal to the closing price of such share on the Grant Date.
The Issuer shall pay all taxes when due and payable or levied against its assets, properties or income, including any property that is part of the Granted Assets.
All such amounts (other than investments made with such amounts, which shall be payable on each Payment Date to the Servicer as additional servicing compensation), shall be held by the Trustee in such accounts as part of the Granted Assets as herein provided, subject to withdrawal by the Trustee in accordance with, and for the purposes specified in the provisions of, this Indenture.