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, a New Franchisee Note, a New Equipment Lease or a New Product Sourcing Agreement or any other Managed Asset contributed or otherwise entered into or acquired by the Securitization Entities after the Series 2014-1 Closing Date.

New Asset means new plant and machinery but does not include—

Examples of New Asset in a sentence

• Although the New Asset Financing Services Framework Agreement and the transactions contemplated thereunder are exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the H Share Listing Rules, as the amount of the transactions exceeds 5% of the latest audited net assets of the Company, the transactions are still subject to the Company’s non-connected shareholders’ approval at the extraordinary general meeting in accordance with the A Share Listing Rules.

• The Company will convene an extraordinary general meeting in order to seek approval from the Independent Shareholders/non-connected shareholders in respect of the New Financial Services Framework Agreement and the New Asset Financing Services Framework Agreement and the transactions contemplated thereunder.

• The New Asset Financing Services Framework Agreement shall be valid from 1 January 2024 to 31 December 2026.

• 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.

• 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.

More Definitions of New Asset

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.

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 Seller proposes to be included as a Purchased Item. “ OFAC ” shall have the meaning specified in the definition of “Prohibited Investor.”

New Asset has the meaning set out in Clause 8.7(a)(i);

New Asset means a New Securitized Company Restaurant, New Securitized Franchise Agreement, a New Securitized Development Agreement, New Real Estate Asset or New Securitized Franchisee Note or any other Securitized Asset contributed to, or otherwise entered into, acquired or created by, the Securitization Entities after the Closing Date or any other asset(s) reasonably related to, incidental to, or useful in the judgment of the Manager in accordance with the Managing Standard, in connection with any of the foregoing.

New Asset means any New Bus or New Depot.

New Asset means any asset that Seller proposes to be included as an Eligible Asset.