IDLE ASSETS definition

IDLE ASSETS are any property plant and equipment that has not been utilized for 28 consecutive days on the last day of each Fiscal Period.
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IDLE ASSETS has the meaning set for in Section 2.1.12.
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IDLE ASSETS. Section 6.41.
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Examples of IDLE ASSETS in a sentence

  • THE BUYER ACKNOWLEDGES AND AGREES THAT THE SELLER IS SELLING AND CONVEYING AND THE BUYER IS PURCHASING, TAKING AND ACCEPTING THE IDLE ASSETS STRICTLY ON AN “AS IS, WHERE IS” BASIS.

  • Subject: Forward Auction of DISPOSAL OF IDLE ASSET OF E.T.L COMPLEX OF COLD ROLLING MILL on Dt. 19-11-2020 at 15:00 HoursVide, Forward Auction No. MKT/FA/IA/20-21 (39000140), Lot No: 24000052,Material Code (SAP): 116720000000000000 (SCRAP/OLD/USED/OBS SCRAP IDLE ASSETS) Qty.

  • Subject: Forward Auction of DISMANTLE & DISPOSAL OF ALL EQUIPMENTS PIPE LINE/TECHNOLOGICAL STRUCTURES / ELECTRICS OF OLD SULPHURIC ACID PLANT on Dt. 06-12-2019 at 15:00 HoursVide, Forward Auction No. MKT/FA/IA/19-20 (39000125), Lot No: 24000046,Material Code (SAP): 116720000000000000 (SCRAP/OLD/USED/OBS SCRAP IDLE ASSETS) Qty.

  • Following the Closing Date, the Purchaser shall, upon reasonable advance notice to the Purchaser, grant the Seller and its representatives reasonable access to the facilities and properties of the Purchaser and its Subsidiaries for the purpose of removing or causing to be removed those items of personal property of the Seller listed on APPENDIX 4(C) hereto that are located in or on any such facility or property (the "IDLE ASSETS").

  • THE IDLE ASSETS WILL BE DELIVERED TO BUYER BY DELPHI HEREUNDER ON AN “AS-IS – WHERE-IS” BASIS, WITH ALL FAULTS, AND, EXCEPT FOR TITLE, SELLER MAKES NO WARRANTIES OR REPRESENTATIONS WHATSOEVER, EXPRESS OR IMPLIED, CONCERNING ANY OF THE IDLE ASSETS, ALL OF WHICH ARE EXPRESSLY DISCLAIMED.


More Definitions of IDLE ASSETS

IDLE ASSETS has the meaning set for in Section 2.1.13. “Indemnified Party” has the meaning set forth in Section 8.7. “Indemnifying Party” has the meaning set forth in Section 8.7. “Indemnity Cap” has the meaning set forth in Section 8.4.3. Schedule 1.1
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Related to IDLE ASSETS

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Net Tangible Assets means the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the Company’s balance sheet, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the Company’s current liabilities appearing on such balance sheet. For purposes of this definition, the Company's balance sheet does not include assets and liabilities of its subsidiaries.

  • Subject Assets is defined in Section 2.2(c).

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Tangible Assets means assets consisting of land, buildings and plant, machinery and equipment;

  • Combined Assets means the sum of Fund Assets and Other Assets; and

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Single Asset Entity means a Person (other than an individual) that (a) only owns a single Property; (b) is engaged only in the business of owning, developing and/or leasing such Property; and (c) receives substantially all of its gross revenues from such Property. In addition, if the assets of a Person consist solely of (i) Equity Interests in one or more Single Asset Entities that directly or indirectly own such single Property and (ii) cash and other assets of nominal value incidental to such Person’s ownership of the other Single Asset Entity, such Person shall also be deemed to be a Single Asset Entity for purposes of this Agreement.

  • Eligible Assets means property that is used or useful in the same or a similar line of business as the Borrower and its Subsidiaries were engaged in on the Closing Date (or any reasonable extension or expansions thereof).

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Excluded Assets has the meaning set forth in Section 2.02.

  • Consolidated Assets means all assets which should be listed on the consolidated balance sheet of the Borrower and its Subsidiaries, as determined on a consolidated basis in accordance with GAAP.

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Consolidated Tangible Assets means, with respect to any Person as of any date, the amount which, in accordance with GAAP, would be set forth under the caption “Total Assets” (or any like caption) on a consolidated balance sheet of such Person and its Restricted Subsidiaries, less all goodwill, patents, tradenames, trademarks, copyrights, franchises, experimental expenses, organization expenses and any other amounts classified as intangible assets in accordance with GAAP.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned, licensed or leased by such Person, including cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Intangible Assets means assets that are considered to be intangible assets under GAAP, including customer lists, goodwill, computer software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount and capitalized research and development costs.