MOD Asset definition

MOD Asset means the Lot sold by Brightwells on behalf of the UK Ministry of Defence. “Provisionally Sold” means the allocation by the Auctioneer in accordance with condition18.
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MOD Asset means the Lot sold by Brightwells on behalf of the MOD.
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Examples of MOD Asset in a sentence

  • Buyers are specifically warned that any MOD Asset sold may well have had parts replaced and paint renewed or be made up of parts from other vehicles the condition of which may be difficult to establish.

  • For avoidance of doubt, any MOD Asset is sold as a collector's item and not as a means of transport.

  • No warranty is given by Brightwells as to the accuracy of the description of any Lot in any Catalogue or any announcement made by the Auctioneer or as to the age, authenticity, suitability, provenance, attribution, origin, condition, fitness for purpose, merchantable or satisfactory quality of any Lot or roadworthiness of any MOD Asset.

  • Given the age of some Lots, no assumption should be made with regard to any aspect of their condition and the Buyer should carry out his/her own due diligence in respect of any MOD Asset.

  • No description of a MOD Asset carries with it an implication that it is fit for any particular purpose.

  • Export licence 4.1 Before an MOD Asset can be released to the Buyer, the Buyer must provide a copy of its export licence, or similar, as required.

  • This policy applies to all materiel accounts held by MOD Accounting Units including assets and equipment currently held on MOD Asset Management systems.

  • They may not show the true condition and colour, (which may be inaccurately reproduced) of the MOD Asset.

  • No description of a MOD Asset carries with it an implication that it is fit for any particular purpose.3.5 MOD Assets are sold to the Buyer on an "as is" basis, with all faults and imperfections.3.6 Due to the nature of classic vehicles, the actual condition of a MOD Asset may not be as good as its outward appearance suggests.

  • Given the age of some Lots, no assumption should be made with regard to any aspect of their condition and the Buyer should carry out his/her own due diligence in respect of any MOD Asset.3.7 Any person who physically interferes with, scratches or damages the Lot in any way (before or after the Auction) will be held liable for the loss so caused.3.8 The Seller is responsible for delivering the MOD Asset in a presentable condition.

Related to MOD Asset

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Asset includes every kind of property, asset, interest or right, including any present, future or contingent right to any revenues or other payment;

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.