New Asset definition

New Asset means an Eligible Asset that Seller proposes to sell to Buyer pursuant to a Transaction.
New Asset means a New Franchise Agreement, a New Development Agreement, a New Real Estate Asset, New Company Restaurant (including the related Company Restaurant Assets), a New Franchisee Note, a New Equipment Lease, a New Product Sourcing Asset or New Company Restaurant Lease entered into or acquired by a Securitization Entity after the Closing Date or any other Managed Asset contributed or otherwise entered into or acquired by the Securitization Entities after the Closing Date.
New Asset means an Eligible Asset that Seller proposes to be included as a Purchased Item which Eligible Asset has not yet become a Purchased Asset.

Examples of New Asset in a sentence

  • The provisions of this Section 2.7 shall survive the termination of this Agreement or the earlier resignation or removal of any party hereto; provided, however, that no Successor Manager shall be liable under this Section 2.7 with respect to any Defective New Asset or any other matter occurring prior to its succession hereunder.

  • Such certificates or other evidence shall indicate that Seller (or as to a New Asset that is a Participation Interest, the lead lender on the related whole loan in which Seller is a participant) will be named as an additional insured as its interest may appear and shall contain a loss payee endorsement in favor of such additional insured with respect to the policies required to be maintained under the Purchased Asset Documents.

  • Copies of each of the final Purchased Asset Documents, or drafts of such Purchased Asset Documents in substantially final form if such New Asset is being originated concurrently with the transfer to Buyer, subject to delivery of final, executed copies of such Purchased Asset Documents on the Purchase Date of such New Asset.

  • Copies of all legal opinions with respect to the New Asset (which shall include a non-consolidation opinion, if applicable) that shall be in form and substance reasonably satisfactory to Buyer; provided that Seller may deliver drafts of such opinions if such New Asset is being originated concurrently with the transfer to Buyer and shall deliver final, executed copies of such legal opinions on the Purchase Date of such New Asset.

  • With respect to a New Asset that is a Pre-Existing Asset, each of the Purchased Asset Documents.


More Definitions of New Asset

New Asset means new plant and machinery but does not include—
New Asset means an Eligible Loan or Eligible Security that Seller proposes to be included as a Purchased Asset.
New Asset means an Eligible Asset that either Seller proposes to be included as a Purchased Item.
New Asset means an Eligible Asset that Seller proposes to be included as a Purchased Item. “ OFAC ” shall have the meaning specified in the definition ofProhibited Investor.”
New Asset has the meaning set out in Clause 8.7(a)(i);
New Asset means any New Bus or New Depot.
New Asset means any asset that the Borrower proposes to be included as an Eligible Asset in the Borrowing Base.