Joint Assets definition

Joint Assets as defined in clause 9
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Joint Assets means and include the Property, the sulphur and salt lease covering the Property, a Mine and all tangible and intangible assets (including but not limited to personal property) obtained by acquisition, lease, license or any other manner in connection with and in furtherance of Joint operations, including the proceeds, profits, benefits and all Data, Reports, and other data or information that results from Joint Operations, but excluding New Technology.
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Joint Assets means, from time to time, the Mineral Rights, and any interests into which such Mineral Rights may be converted or exchanged, and shall also include all equipment, buildings, machinery, data, analyses and other like items acquired, as used in, or in respect of, the Mineral Rights, and the Joint Venture formed under this Contract;
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Examples of Joint Assets in a sentence

  • As the County Council‟s administrative centre was in Chester the majority of Joint Assets are held by Cheshire West & Chester Council.

  • The Board’s primary aim will be to achieve a more integrated approach to how the public sector uses its assets in Sheffield City Region, to support growth and deliver better value for public money • It is not intended that the Homes and Communities Agency or local authorities would delegate ownership decisions on their existing assets to the Joint Assets Board.

  • This responsibility to support the Sanitary District shall not require Leland to relinquish its exclusive right to Offer Service, through the Sanitary District and through the Joint Assets, water and wastewater services to New Developments, parcels, and properties in its Town Boundaries and/or in the Joint Undertaking Area, except as otherwise required by law.

  • The other Parties may elect, in the manner provided above in this Section 17.03, to accept the offer as to only the interest in this Agreement, the Property, and/or the Joint Assets, but shall have no right as to the other interests and assets described in the notice.

  • If the Sanitary District intentionally and Substantially Breaches the Agreement to the extent that Leland is unable to offer, through the Joint Assets, water and wastewater services to New Developments in its Town Boundaries and/or in the Joint Undertaking Area, upon conditions of Offering Services, then the Sanitary District will immediately lose its ownership rights in the Joint Assets and associated capacity agreements and sewer allocations.

  • As of the Closing, the Parties acknowledge that Seller’s interest in the Joint Assets is subject to the Seller Permitted Pledge.

  • Leland will have no day-to-day obligation or authority, however, will cooperate with the Sanitary District’s efforts, in the Operations of the Joint Assets.

  • The Parties will use Commercially Reasonable Efforts to cooperate with one another to establish the Sanitary District as the Operator of water and sewer services through the Joint Assets.

  • There was shortfall of 28 per cent in achievement in plantation during 2004-09 and Forest Survey of India Report brings out depletion of 99 sqkm forest coverage and 2965 km tree coverage outside of forest in 2005 compared to the position in 2003.

  • All of Leland’s Assets identified in Exhibit 2, with exception of Leland’s one-half undivided interest in the Joint Assets.


More Definitions of Joint Assets

Joint Assets means all Joint Contracts, Joint Property, Joint Data and Joint Records, and all Appurtenant Rights not included in the Interests.
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Joint Assets at any given time following the execution of this Agreement and the delivery of the Instrument of Conveyance, the Leases (and the lands pooled or unitized therewith), Xxxxx and other Assets conveyed hereunder in which both Seller and Buyer own an interest (including any such Xxxxx Drilled, Equipped and Completed after the Closing Date, together with any equipment, facilities and related assets installed in connection therewith).
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Joint Assets means any amounts refunded to or recovered by Diageo or Pernod Xxxxxx or any of their respective Affiliates in respect of a liability which is a Joint Liability, PROVIDED THAT Joint Assets do not include any amounts which have been settled between the parties or their respective Affiliates in accordance with the Framework and Implementation Agreement, Schedule 9 or otherwise (whether before, on or after the date of this Agreement) or any amounts refunded to or recovered by any Jointly-owned Entity; JOINT LIABILITIES: means each liability of Diageo, Pernod Xxxxxx or any of their respective Affiliates, or any Jointly-owned Entity which has been agreed by the parties, directly or indirectly, to be shared by Diageo and Pernod Xxxxxx in the Diageo Proportion and the Pernod Xxxxxx Proportion respectively or which is expressed in this Agreement to be a Joint Liability, PROVIDED THAT Joint Liabilities do not include:- (i) Shared Liabilities; or (ii) any liability to the extent that it has been settled between the parties or their respective Affiliates either in accordance with Schedule 9 or otherwise (whether before, on or after the date of this Agreement); JOINTLY-OWNED ENTITY: means those persons listed in Schedule 6 together with any other person which is, or was at the relevant time, owned (directly or indirectly) by both Diageo and Pernod Xxxxxx; LEGAL EXPERT: has the meaning given in Clause 7.1.2; MANAGING PARTY: means, in relation to a Jointly-owned Entity, the party whose name is set out against the name of such entity in Schedule 6; MARGARITAVILLE LIABILITIES: has the meaning given in Clause 6.7.2; MARKET PLAN: means the market plan in Agreed Form, as amended from time to time pursuant to Clause 15.1.1; MARKET PLAN IMPLEMENTATION COSTS: means all costs associated with the implementation of the Market Plan which: (i) are dissolution, liquidation or winding-up costs; or (ii) are costs or liabilities associated with any Assurances given to liquidators or similar officials and/or creditors of any Jointly-owned Entities; or (iii) have been agreed by the parties to be shared by Diageo and Pernod Ricard in the Diageo Proportion and the Pernod Xxxxxx Proportion, 5 <PAGE> PROVIDED THAT Market Plan Implementation Costs shall not include any liabilities to Tax; XXXXXXX ASSETS: means the Pernod Xxxxxx Assets set out below: (i) the following Brands: XXXXXX XXXXXX, XXXXXX XXXX, XXXXXX RUBIS, CORDON SUPREME, XX XXXXXXXX, XXXXX XXXXX, L'OR, XXXXXXX, XXXXXXX & CO., XXXXXX...
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Joint Assets means all of each Seller’s undivided right, title and interest in and to the following, but reserving unto each respective Seller the Excluded Assets:
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Joint Assets has the meaning set forth in the Recitals.
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Joint Assets means any amounts refunded to or recovered by Diageo or Pernod Ricard or any of their respective Affiliates in respect of a xxxxxlity which is a Joint Liability, PROVIDED THAT Joint Assets do not include any amounts which have been settled between the parties or their respective Affiliates in accordance with the Framework and Implementation Agreement, Schedule 9 or otherwise (whether before, on or after the date of this Agreement) or any amounts refunded to or recovered by any Jointly-owned Entity;
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Related to Joint Assets

  • Current Assets means, as of any applicable date, all amounts that should, in accordance with GAAP, be included as current assets on the consolidated balance sheet of Borrower and its Subsidiaries as at such date.

  • Parent Assets means all Assets of either Party or the members of its Group as of the Effective Time, other than the SpinCo Assets, it being understood that, notwithstanding anything herein to the contrary, the Parent Assets shall include:

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Consolidated Net Assets means the aggregate amount of assets (less reserves and other deductible items) after deducting current liabilities, as shown on the consolidated balance sheet of the Company and its Subsidiaries contained in the latest annual report to the stockholders of the Company and prepared in accordance with GAAP.

  • 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.

  • Significant Assets means one or more assets or businesses which, when purchased, optioned or otherwise acquired by the CPC, together with any other concurrent transactions, would result in the CPC meeting the initial listing requirements of the Exchange.

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Consolidated Tangible Net Assets means, on any date of determination and with respect to any Person at any time, the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the consolidated balance sheet of such Person and its Consolidated Subsidiaries most recently delivered to the Lenders pursuant to Section 5.01(i) as of such date of determination, 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 consolidated current liabilities of such Person and its Consolidated Subsidiaries appearing on such balance sheet.

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Consolidated Total Liabilities means total liabilities and all mandatorily redeemable preferred stock of Borrower and its Restricted Subsidiaries, on a consolidated basis, all as determined in accordance with GAAP.

  • Independent Assets or Operations means, with respect to any Parent Company, that Parent Company’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Borrower and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent balance sheet of such Parent Company, is more than 3.0% of such Parent Company’s corresponding consolidated amount.

  • Consolidated Liabilities means, as at any date of determination, all liabilities of the Borrower and its Subsidiaries as of such date classified as liabilities in accordance with GAAP and determined on a Consolidated basis.

  • Unconsolidated Affiliates means an Affiliate of the Parent Entity or any other member of the Consolidated Group whose financial statements are not required to be consolidated with the financial statements of the Parent Entity in accordance with GAAP.

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

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

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

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any Sale-Leaseback Transactions that do not create a liability on the balance sheet of such Person, (iii) any obligation under a Synthetic Lease or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • 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.

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Consolidated Total Assets means, at any time, the total assets of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis, as set forth or reflected on the most recent consolidated balance sheet of the Borrower and its Consolidated Subsidiaries, prepared in accordance with GAAP.

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

  • Capitalized Lease Liabilities means the principal portion of all monetary obligations of the Borrower or any of its Subsidiaries under any leasing or similar arrangement which, in accordance with GAAP, would be classified as capitalized leases, and, for purposes of this Agreement and each other Loan Document, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP.

  • 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.

  • PJM Net Assets means the total assets per PJM’s consolidated quarterly or year-end financial statements most recently issued as of the date of the receipt of written notice of a claim less amounts for which PJM is acting as a temporary custodian on behalf of its Members, transmission developers/Designated Entities, and generation developers, including, but not limited to, cash deposits related to credit requirement compliance, study and/or interconnection receivables, member prepayments, invoiced amounts collected from Net Buyers but have not yet been paid to Net Sellers, and excess congestion (as described in Operating Agreement, Schedule 1, section 5.2.6, and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.6).