Metered Parking System Assets definition

Metered Parking System Assets means, (i) as of the time immediately prior to the Time of Closing, the personal property of the City used in connection with operations of the Metered Parking System set forth on Schedule 4 and (ii) from and after the Time of Closing, the personal property of the Concessionaire or the Operator used in connection with the operations of the Metered Parking System.
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Metered Parking System Assets means: (i) the Existing Metered Parking System Equipment,
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Examples of Metered Parking System Assets in a sentence

  • This Agreement is intended for United States federal and state income Tax purposes to be a sale of the Metered Parking System and the Metered Parking System Assets to the Concessionaire and the grant to the Concessionaire of a right for and during the Term to collect and retain Metered Parking Revenues.

  • Parking Company hereby grants a security interest in and to all Metered Parking System Assets including all Personal Property and Capital Improvements hereafter included in the Metered Parking System, for purposes of securing Parking Company’s obligations under this Section 10.5, which security interest must at all times have first priority over all other creditors of Parking Company.

  • On the Reversion Date, Parking Company shall assign, surrender and deliver to Metro or to any Replacement Company all of its rights, title and interest in the Metered Parking System (including all improvements to the Metered Parking System), the Metered Parking System Assets, the Operating Expense Account, the Capital Expense Account and the Excess Revenues Reserve Account.

  • Parking Company must consent to any Representative who is not an employee of Metro prior to said Representative receiving access to Parking Company Information, software, facilities or equipment including but not limited to the Metered Parking System and Metered Parking System Assets.

  • He states that: In contrast, the capability approach is able to avoid these pitfalls, as it concerns itself with the ability to live well across all spheres of life.

  • To provide each student a consistent nursing faculty resource throughout the nursing program.

  • The City and the Parking Authority assign, transfer, and convey to the Concessionaire by bill of sale the Metered Parking System Assets; however, no interest in any real estate is conveyed.

  • The Parties acknowledge that Parking Company is performing the Metered Parking Activities as an agent of Metro and that Parking Company at no time owns the Metered Parking Spaces or the Metered Parking System Assets.

  • On behalf of Metro, Parking Company will be entitled to sell and or replace any Metered Parking System Assets that have become obsolete, reached the end of their useful life or are otherwise due for replacement pursuant to the Business Plan, and, provided that Parking Company pays any proceeds of sale of Metered Parking System Assets into the Metro Account, Metro’s lien on those Metered Parking System Assets will be deemed terminated and released.

  • Upon termination of this Agreement, and notwithstanding any dispute relating to this Agreement or default of Metro under this Agreement, Parking Company shall, within 10 Days of Metro’s request, quitclaim and Transfer by xxxx of sale, by deed, xxxx of sale, transfer of title document or other conveyance method, and without additional consideration, all Metered Parking System Assets to Metro or to such party as Metro directs.

Related to Metered Parking System Assets

  • Common Areas is defined as all areas and facilities outside the Premises and within the exterior boundary line of the Project and interior utility raceways and installations within the Unit that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Lessee and other tenants of the Project and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas, loading and unloading areas, trash areas, roadways, walkways, driveways and landscaped areas.

  • Common Area means all areas and facilities within the Project that are not designated by Landlord for the exclusive use of Tenant or any other lessee or other occupant of the Project, including the parking areas, access and perimeter roads, pedestrian sidewalks, landscaped areas, trash enclosures, recreation areas and the like.

  • parking bay means any area of a parking place which is provided for the leaving of a vehicle and indicated by markings on the surface of the parking place;

  • Building system means plans, specifications and documentation for a system of manufactured factory-built structures or buildings or for a type or a system of building components, including but not limited to: structural, electrical, mechanical, fire protection, or plumbing systems, and including such variations thereof as are specifically permitted by regulation, and which variations are submitted as part of the building system or amendment thereof.

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).