Major Asset definition

Major Asset means an Asset being used for the Funded Activities which is not a Fixed Asset but has a value as at the date of this funding Agreement of at least £10,000. Match Funding means any contribution to the Funded Activities from a Third Party to the Grant Recipient to meet the balance of the Eligible Expenditure not supported by the Grant; Maximum Sum means the maximum amount of the Grant the Authority will provide to the Grant Recipient for the Funded Activities subject to paragraph 26; Milestone means the milestones set out in Annex 3 of this Grant Funding Agreement;
Major Asset means an Asset being used for the Project which is not a Fixed Asset but has a value as at the date of this Funding Agreement (or date of acquisition if the acquisition is funded (in whole or in part) by this Grant) of at least £5,000.00 (five thousand pounds).
Major Asset. The Unencumbered Assets known as Beacon, French Market and Southdale, and such other Approved Assets as Borrower and all Lenders may agree to designate as a Major Asset from time to time.

Examples of Major Asset in a sentence

  • Asset means any assets that are to be purchased or developed using the Tameside GM UKSPF C&P 2022-25 Grant including equipment or any other assets which may be a Fixed Asset and/or Major Asset as appropriate in the relevant context, and Assets will be construed accordingly.


More Definitions of Major Asset

Major Asset means an Asset being used for the Funded Activities which is not a Fixed Asset but has a value as at the date of this funding Agreement of at least £300; Maximum Sum means the maximum amount of the Grant the Authority will provide to the Grant Recipient for the Funded Activities subject to paragraph 26; Northern Ireland Protocol means the Protocol on Ireland/Northern Ireland in the EU withdrawal agreement; Party means the Authority or Grant Recipient and Parties shall be each Party together;
Major Asset means a city asset for which one or more of the following apply:
Major Asset means an Asset being used for the Activities which is not a Fixed Asset but has a value as at the date of the Agreement of at least £10,000; Maximum Sum means the maximum amount of the Grant to be provided by the Authority to the Recipient for the Activities; ONS means the Office for National Statistics;
Major Asset means an Asset which is not a Fixed Asset but has a value as at the date of this Conditional Offer Letter (or date of acquisition if the acquisition is funded by this Grant) of at least £2,000.00 or £1,000 for IT equipment.
Major Asset means any business unit of any Person, any pipeline system, any gas gathering system or any gas gathering or processing plant.
Major Asset means an Asset being used for the Funded Activities which is not a Fixed Asset but has a value as at the date of this funding Agreement of at least [£ 10,000 Match Funding means any contribution to the Funded Activities from a Third Party to the Grant Recipient to meet the balance of the Eligible Expenditure not supported by the Grant; Maximum Sum means the maximum amount of the Grant the Authority will provide to the Grant Recipient for the Funded Activities subject to paragraph 25; Party means the Authority or Grant Recipient and Parties shall be each Party together;
Major Asset means an Asset being used for the Funded Activities which is not a Fixed Asset but has a value as at the date of this funding Agreement of at least £ 10,000. Match Funding means any contribution to the Funded Activities from a Third Party to the Grant Recipient to meet the balance of the Eligible Expenditure not supported by the Grant; Maximum Sum means the maximum amount of the Grant the Authority will provide to the Grant Recipient for the Funded Activities subject to paragraph 26; Northern Ireland Protocol means the Protocol on Ireland/Northern Ireland in the EU withdrawal agreement; Party means the Authority or Grant Recipient and Parties shall be each Party together;