New Jersey Assets definition

New Jersey Assets means the Relevant Disposal Assets and the Relevant Hauling Assets located in New Jersey.
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New Jersey Assets shall have the meaning specified in Section 3.6(j)(i) hereof.
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New Jersey Assets means the Telecommunications Assets, consisting of a cable system operating on the Fourth Amendment Effective Date under the franchises set forth on Schedule 1.01, owned by the Borrowers and the Restricted Subsidiaries that are, on the Fourth Amendment Effective Date, physically located in New Jersey and utilized to provide services to customers of the Borrowers or the Restricted Subsidiaries in New Jersey, plus (i) such additional Telecommunications Assets as are, after the Fourth Amendment Effective Date, acquired for such cable system and located in New Jersey pursuant to Capital Expenditures made in accordance with Section 6.12(m), (ii) related net working capital and (iii) Equity Interests in Persons that own no assets other than such assets; provided that the New Jersey Assets shall not in any event include any cash, cash equivalents, Permitted Investments or accounts receivable (other than trade and customer receivables). On the Fourth Amendment Effective Date, the book value of the New Jersey Assets is approximately $75,000,000.
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Examples of New Jersey Assets in a sentence

  • The Sellers have full corporate (or other) power and authority to execute and deliver this Agreement and the Operative Agreements to which it is a party and to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby, including, without limitation, to sell and transfer (pursuant to this Agreement) the New Jersey Assets.

  • Sellers are each a corporation duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, and has full corporate (or other) power and authority to conduct the Business (including, without limitation, the New Jersey Business and the New York Business) and/or any other business conducted by it as and to the extent now conducted and to own, use, hold and lease the New Jersey Assets, the New York Assets and/or any other Assets and Properties owned or used by it.

  • It is the intention of the parties that neither be free to deal independently in connection with the acquisition of the New Jersey Assets, unless for any reason, one of the parties is unable to proceed due to circumstances outside its control, for example, the inability to obtain regulatory approval.

  • Each party to the Joint Venture will use its best efforts to obtain or meet all consents, approvals or requirements necessary to effect the Joint Venture, and to allow the parties to jointly acquire the New Jersey Assets.

  • Each of the Sellers represent and warrant that no approval by the shareholders of the Parent Seller is required in connection with the sale of the New Jersey Assets or the New Jersey Closing or entering into the Management Agreement.

  • Such insurance policies are placed with financially sound and reputable insurers and, in light of the nature of the business conducted by the Business and the New Jersey Assets, are in amounts and have coverages that are reasonable and customary for Persons engaged in such businesses and having such Assets and Properties.

  • The parties hereby agree that for all purposes, including Taxes, the Purchase Price, as adjusted in accordance with Section 1.5 and 1.7 below, shall be allocated in the amount of $4,000,000 to the New Jersey Assets (the "New Jersey Purchase Price") and $1,500,000 to the New York Assets (the "New York Purchase Price").

  • Sellers represent and warrant that the New Jersey Assets and the New York Assets, when transferred to Purchaser, shall be free and clear of any and all Liens of any nature for Taxes, except Liens for Taxes not yet due and Transfer Taxes, and Sellers shall indemnify Purchaser against any such Liens for Taxes in accordance with the provisions of Article XI.


More Definitions of New Jersey Assets

New Jersey Assets means all of the Assets of PHCG New Jersey. -----------------
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New Jersey Assets has the meaning ascribed to it in Section 1.1(a).
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Related to New Jersey Assets

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned by any Pledgor or represented by any Partnership Interest.

  • College property means any property owned, leased, or controlled by a member college of the Virginia Community College System and the administrative office of the Virginia Community College System.

  • Agricultural property means property that is used primarily for agricultural purposes but, without derogating from Section 9 of the Act, excludes any portion thereof that is used commercially for the hospitality of guests, and excludes the use ofthe property for the purpose of eco-tourism or for the trading in or hunting of game.

  • Qualified agricultural property means that term as defined in section 1211 of the revised school code, MCL 380.1211.

  • Licensed health care practitioner means a physician, as defined in Section 1861(r)(1) of the Social Security Act, a registered professional nurse, licensed social worker or other individual who meets requirements prescribed by the Secretary of the Treasury.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Motor vehicle surface means any pervious or impervious surface that is intended to be used by “motor vehicles” and/or aircraft, and is directly exposed to precipitation including, but not limited to, driveways, parking areas, parking garages, roads, racetracks, and runways.

  • Medical leave means leave of up to a total of 12 workweeks in a 12-month period because of an employee’s own serious health condition that makes the employee unable to work at all or unable to perform any one or more of the essential functions of the position of that employee. The term “essential functions” is defined in Government Code section 12926. “Medical leave” does not include leave taken for an employee’s pregnancy disability, as defined in (n) below, except as specified below in section 11093(c)(1).

  • State purchased health care or "health care" means medical

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the Development in accordance with the application and/or any subsequent reserved matters approval.

  • Health care practitioner means an individual licensed

  • Statutory Requirements means all approvals, consents, permits, or licences necessary for the purposes of the Project from the State, any government department, authority, instrumentality or local government authority, and includes, without limiting the generality of the foregoing, all approvals, consents, permits, and licences, for engineering drawings, construction plans, earthworks and structures necessary for the purposes of the Project;

  • Fixed Assets means the Equipment and Real Estate of the Borrower.

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Regulated motor vehicle surface means any of the following, alone or in combination:

  • Health district means a city or general health district created by or under the authority of Chapter 3709. of the Revised Code.

  • Family and Medical Leave means a leave of absence for the birth, adoption or foster care of a child, or for the care of your child, spouse or parent or for your own serious health condition as those terms are defined by the Federal Family and Medical Leave Act of 1993 (FMLA) and any amendments, or by applicable state law.

  • Farmworker Household means a household of one or more persons wherein at least one member of the household is a Farmworker at the time of initial occupancy.

  • Animal shelter means a facility operated by a humane society or any society organized under Chapter 1717. of the Revised Code or a dog pound operated pursuant to Chapter 955. of the Revised Code.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Americans with Disabilities Act (“ADA”) means section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990 as amended by the ADA Amendments Act of 2008.

  • Cemetery means 1 or a combination of more than 1 of the following:

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.