Loss of Assets definition

Loss of Assets means the Covered Risk described as a subset of War and Civil Disturbance in Subsection 5.1(a).
Sample 1Sample 2Sample 3
Loss of Assets means the Covered Risk described as a subset of War and Civil Disturbance in
Sample 1
Loss of Assets means the Covered Risk described as a subset of War and Civil Disturbance in Section 5.1(a).
Sample 1

Examples of Loss of Assets in a sentence

  • Loss of Assets: An investment of about Rs. 1,09,200 crore has been made so far (upto January 2014) under the PMGSY.

  • In re Duncan, 562 F.3d at 695.Thus, for the reasons explained above, the Court concludes that Ward’s receipt of a discharge must be denied under 11 U.S.C. § 727(a)(4)(A) due to the false oaths appearing on his SOFA and Amended SOFA regarding the operating dates of Lloyd Ward, P.C. and VL Capital, as well as for the false testimony regarding Lloyd Ward, P.C.’s operating dates Ward gave at trial.2. Section 727(a)(5) – Ward has Failed to Explain Satisfactorily a Loss of Assets.

  • Table 2.1Estimated Loss of Assets due to TsunamiSectorUS $ Mn.Housing306-344Roads60Water and sanitation42Railways15Education26Health60Agriculture3Fisheries97Tourism250Power10Environment10Excluded items90Total969-1,007% of GDP4.4 - 4.6 Fisheries, tourism and small and micro enterprises are the three economic sectors most affected by the tsunami.

  • Commonwealth’s Count IV & Acardi and Kenny’s Count VI – Failure to Explain Loss of Assets (11 USC § 727(a)(5))Section 727(a)(5) provides that a Court shall deny a debtor a discharge where the debtor fails to satisfactorily explain “any loss of assets or deficiency of assets to meet [his] liabilities.” Section 727(a)(5) is broad enough to include any unexplained disappearance or shortage of assets.

  • Denial of Discharge Based on Failure to Explain Loss of Assets - § 727 (a)(5) Pursuant to § 727(a)(5) of the Bankruptcy Code, a debtor will be denied a discharge if he fails to explain satisfactorily the loss, disappearance or deficiency of assets.

  • Loss of Assets, Estates and ServicesThis can cause the passing or deep economic crisis of… For example cultures, agricultural lands ,overgrazing, trees, equipments (granaries, sea walls, etc) Other impacts in this category and summary: 5.

  • He also produced tax returns for AWB Interests and provided some documentation regarding the Albany Lot transaction and transactions with 7Bar.4. Failure to Explain Loss of Assets Lakeland alleges the Debtor has failed to explain and reconcile the approximate $29.5 million loss of overall net worth he sustained over a period of three and a half years, with the income, monies, and gifts he’s received from the A.

  • The losses include Loss of Assets (Office Equipment) of $9,996 and Loss of Assets (Livestock) of $29,424.The Ministry commented in the audit report and stated that the Ministry had established a fixed assets register.

  • The incidents in both 2015 and 2014 were investigated by the Russian authorities who have confirmed that no action will be taken against the Group as the Group was not found to be at fault for any of these accidents.

  • Table 3.6: Households Affected by Loss of Assets by Towers and TL Corridor Affected AssetNumber of Affected Households (AHs)Tower + TL CorridorTL Corridor onlyTotal AHs*Agricultural Crops271239Fruit & Wood Trees52833Total*:27939* There are a total 39 AHs; the column totals do not add up rightly because of overlapping.

Related to Loss of Assets

  • Loss of Use means the total and irrecoverable loss of function of an arm, hand, foot, leg or thumb and index finger of the same hand provided such loss of function is continuous for 12 consecutive months and such loss of function is thereafter determined on evidence satisfactory to Chubb Life to be permanent.

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided that:

  • Loss of an Eye, means total and irrevocable loss of sight in that eye.

  • Permitted Business Investment means any Investment made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties including:

  • Foreign Subsidiary Total Assets means the total assets of the Foreign Subsidiaries, as determined in accordance with GAAP in good faith by a Responsible Officer, without intercompany eliminations.

  • 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:

  • 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.

  • 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.

  • 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.

  • Assets includes present and future properties, revenues and rights of every description;

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Related Business means any business that is related, ancillary or complementary to the businesses of the Company and the Restricted Subsidiaries on the Issue Date.

  • Permitted Business means any business in which the Company or its Restricted Subsidiaries are engaged on the date of this Indenture and any other business related, incidental, complementary or ancillary thereto, and any unrelated business to the extent that it is not material in size as compared with the Company and its Restricted Subsidiaries’ business as a whole.

  • Buyer in ordinary course of business means a person that buys goods in good faith, without knowledge that the sale violates the rights of another person in the goods, and in the ordinary course from a person, other than a pawnbroker, in the business of selling goods of that kind. A person buys goods in the ordinary course if the sale to the person comports with the usual or customary practices in the kind of business in which the seller is engaged or with the seller's own usual or customary practices. A person that sells oil, gas, or other minerals at the wellhead or minehead is a person in the business of selling goods of that kind. A buyer in ordinary course of business may buy for cash, by exchange of other property, or on secured or unsecured credit, and may acquire goods or documents of title under a preexisting contract for sale. Only a buyer that takes possession of the goods or has a right to recover the goods from the seller under article 2 may be a buyer in ordinary course of business. The term does not include a person that acquires goods in a transfer in bulk or as security for or in total or partial satisfaction of a money debt.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Significant Asset Sale means the sale, transfer, lease or other disposition by Holdings or any Subsidiary to any person other than the Borrower or a Subsidiary Guarantor of all or substantially all of the assets of, or a majority of the Equity Interests in, a person, or a division or line of business or other business unit of a person.

  • 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).

  • Loss of Stock Borrow means that the Issuer and/or any Affiliate is unable, after using commercially reasonable efforts, to borrow (or maintain a borrowing of) any Share in an amount equal to the Hedging Shares at a rate equal to or less than the Maximum Stock Loan Rate.

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Company IT Assets means computers, Software, firmware, middleware, servers, workstations, routers, hubs, switches, data communications lines, and all other information technology equipment, and all associated documentation, in each case, used or held for use by a member of the Company Group.

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

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

  • Loss of Speech means the disability in articulating any three of the four sounds which contribute to the speech such as the Labial sounds, the Alveololabial sounds, the Palatal sounds and the Velar sounds or total loss of vocal cord or damage of speech center in the brain resulting in Aphasia.

  • Permitted Business Acquisition means any acquisition of all or substantially all the assets of, or all the Equity Interests (other than directors’ qualifying shares) in, or merger, consolidation or amalgamation with, a person or division or line of business of a person (or any subsequent investment made in a person, division or line of business previously acquired in a Permitted Business Acquisition), if immediately after giving effect thereto: (i) no Event of Default shall have occurred and be continuing or would result therefrom; (ii) all transactions related thereto shall be consummated in accordance with applicable laws; (iii) with respect to any such acquisition or investment with a fair market value (as determined in good faith by the Borrower) in excess of $50.0 million, the Borrower and its Subsidiaries shall be in Pro Forma Compliance after giving effect to such acquisition or investment and any related transactions; (iv) any acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for Indebtedness permitted by Section 6.01; (v) the Borrower and the Subsidiaries are in compliance with Section 5.09 to the extent required thereby with respect to any person acquired in such acquisition, and (vi) the aggregate amount of such acquisitions and investments in assets that are not owned by the Borrower or Subsidiary Loan Parties or in Equity Interests in persons that are not Subsidiary Loan Parties or persons that do not become Subsidiary Loan Parties upon consummation of such acquisition shall not exceed the sum of (x) the greater of (I) 4.5% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to the date of such acquisition or investment for which financial statements have been delivered pursuant to Section 5.04 and (II) $500.0 million and (y) the portion of Cumulative Credit on the date of such election by the Borrower.

  • Damage to Property means physical injury to or destruction of tangible property, including the loss of its use. Tangible property includes the cost of recreating or replacing stocks, bonds, deeds, mortgages, bank deposits and similar instruments, but does not include the value represented by such instruments.