Incidental Asset definition

Incidental Asset is defined to mean any equipment, outfit, furniture, furnishings, appliances, spare or replacement parts or stores owned by the Company or an Owner that have become obsolete or unfit for use or no longer useful, necessary or profitable in the conduct of the business of the Company or such Owner, as the case may be. In no event shall the term "Incidental Asset" include a Vessel.

Incidental Asset is defined as any digital asset or other asset, and any right of Client to acquire any digital asset or other asset, that has arisen out of Client’s ownership of Digital Assets, whether through a fork, airdrop or similar occurrence, without any action on the part of Client or its trustee or the Sponsor on its behalf.

Incidental Asset is defined as any digital asset or other asset, and any right of Grayscale Investment Product to acquire any digital asset or other asset, that has arisen out of Grayscale Investment Product’s ownership of Digital Assets, whether through a fork, airdrop or similar occurrence, without any action on the part of Grayscale Investment Product or its trustee or the Sponsor on its behalf. Certain confidential information contained in this document, marked by [***], has been omitted because the registrant has determined that the information (i) is not material and (ii) is the type that the registrant treats as private or confidential.

Examples of Incidental Asset in a sentence

• The Intellectual Property owned by or licensed to the Subsidiaries (or that is an Incidental Asset) constitutes all of the Intellectual Property necessary to operate the Business as currently conducted by the Seller Group.

• Grayscale Investment Product represents that it will take no action at any time that is inconsistent with a Prospective Abandonment and, without limiting the generality of the foregoing, that it will not accept any future delivery of any abandoned Incidental Asset, that it will not accept any payment from any person in respect of any abandoned Incidental Asset and that it will not represent to any person or in any context that it has any remaining rights with respect to any abandoned Incidental Asset.

• Trust Company acknowledges that, as a consequence of a Prospective Abandonment, Grayscale Investment Product will have no right to receive any Incidental Asset that is subject to such Prospective Abandonment, and Trust Company will have no authority, pursuant to this Agreement or otherwise, to exercise, obtain or hold, as the case may be, any such Incidental Asset on behalf of Grayscale Investment Product.

• Coinbase acknowledges that, as a consequence of a Prospective Abandonment, Client will have no right to receive any Incidental Asset that is subject to such Prospective Abandonment, and Coinbase will have no authority, pursuant to this Coinbase Prime Broker Agreement or otherwise, to exercise, obtain or hold, as the case may be, any such Incidental Asset on behalf of Client, nor may Coinbase ultimately take control of such Incidental Asset for its own economic benefit.

• The Company shall have the right, from time to time, without any release from or consent by or notice to the Trustee, (a) to sell or otherwise dispose of and to permit any sale or other disposition of, free from the Lien of this Indenture and the First Preferred Ship Mortgages, any Incidental Asset and any investment, security or instrument (other than Capital Stock of a Guarantor) pursuant to Section 4.09(c).

• Once Consent for the assignment, transfer, conveyance or delivery of an Incidental Asset not assigned, transferred, conveyed or delivered at the Closing is obtained or made, Buyer shall assign, transfer, convey and deliver such Incidental Asset to Velox xx Velox Xxxporation, as applicable, at no additional cost.

• Raise awareness on the importance of promoting good management practices aimed at enhancing people's involvement and adherence to change processes;5.

More Definitions of Incidental Asset

Incidental Asset is defined to mean any equipment, outfit, furniture, furnishings, appliances, spare or replacement parts or stores owned by the Issuer or a Restricted Subsidiary that have become obsolete or unfit for use or no longer useful, necessary or profitable in the conduct of the business of the Issuer or such Restricted Subsidiary, as the case may be. In no event shall the term "Incidental Asset" include a drilling rig or a drill ship or a Mortgaged Rig.