Joint Account Assets definition

Joint Account Assets has the meaning assigned to such term in the Participation Agreement.
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Joint Account Assets means (i) all Products (in whatever form) derived from Joint Operations prior to their being sold and (ii) all other real and personal property, tangible and intangible, which is acquired as a joint asset of the Participants or as a result or for the purpose of Joint Operations or the funding thereof (other than any thereof which is distributed to the Participants or either of them pursuant to the provisions of this Agreement);
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Examples of Joint Account Assets in a sentence

  • FI agrees to make available in accordance with the terms of this Agreement the PT-FI Available Assets, and each of PT-FI and PT-RTZ agrees to make available in accordance with the terms of this Agreement the Joint Account Assets, in each case for the purposes of Enterprise Operations without charge to the Participants except as otherwise provided in this Agreement.

  • In addition, the Operator shall allow each Participant, at its sole risk and expense, and subject to reasonable safety regulations, to inspect the Joint Account Assets and observe Enterprise Operations at all reasonable times, so long as the inspecting Participant does not unreasonably interfere with Enterprise Operations.

  • Joint Operations shall be conducted, expenses shall be incurred and Joint Account Assets shall be acquired only pursuant to Approved Programmes and Budgets.

  • The Participants hereby waive and release all rights of partition, or of sale in lieu thereof, or other division of Joint Account Assets, including any rights provided by law.

  • The Operator shall conduct all Enterprise Operations (including the marketing of Products) in a good, workmanlike and efficient manner, in accordance with sound mining and other applicable industry standards and practices, and in accordance with applicable laws, the terms and provisions of the COW and any leases, licences, permits, contracts and other agreements pertaining to the Joint Account Assets.

  • Assets To the extent that the Sole Risk Venture requires the use of PT-FI Available Assets, PT-FI support services or Joint Account Assets, and the use of these assets and support services does not prejudice then or later the conduct of Enterprise Operations, each of PT-FI and PT-RTZ (as appropriate) will make available and charge to the Sole Risk Venture the full direct and allocable costs, including financing and capital costs, under Privatisation Agreements, of providing such assets and services.

  • All Joint Account Assets acquired by the Operator for Joint Operations may be held in the name of PT-FI but, subject to any mandatory provisions of applicable law, the beneficial interest therein shall be for the benefit of PT- FI and PT-RTZ severally in proportion to their respective Participating Interests.

  • By execution of this Agreement, the Lenders and the Issuing Banks acknowledge the provisions of Section 2 of each of the FCX Pledge Agreement, the Fourth Amended and Restated Fiduciary Transfer, the Fiduciary Assignment of Accounts, the Fourth Amended and Restated Lender Fiduciary Assignment and the Fiduciary Transfer of Joint Account Assets, and hereby authorize the Administrative Agent, Collateral Agent and Security Agent, as applicable, to accept such clauses on their behalf.

  • By execution of this Agreement, the Lenders and the Issuing Banks acknowledge the provisions of Section 2 of each of the FCX Pledge Agreements, the Fourth Amended and Restated Fiduciary Transfer, the Fiduciary Assignment of Accounts, the Fourth Amended and Restated Lender Fiduciary Assignment and the Fiduciary Transfer of Joint Account Assets, and hereby authorize the Administrative Agent, Collateral Agent and Security Agent, as applicable, to accept such clauses on their behalf.

  • Joint Operations shall be conducted, expenses shall be incurred and Joint Account Assets shall be acquired pursuant only to Approved Programmes and Budgets.