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

• As of the applicable New Asset Addition Date, with respect to each New Company Restaurant acquired on such New Asset Addition Date, the Manager represents and warrants to the Securitization Entities, the Trustee and the Control Party, that the applicable Guarantor owns full legal and equitable title to each such Company Restaurant, free and clear of any Lien (other than Permitted Liens) and the addition of such Company Restaurant could not be reasonably expected to have a material adverse effect.

• 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.

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 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 any New Bus or New Depot.

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

New Asset means any asset that the Borrower proposes to be included as an Eligible Asset in the Borrowing Base.