Original Assets definition

Original Assets is defined in the Recitals of this Agreement.

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Original Assets is defined in the recitals.

Original Assets means the assets owned by Desert Newco, or any of its direct or indirect Subsidiaries treated as a partnership or disregarded entity (but only if such indirect Subsidiaries are held only through Subsidiaries treated as partnerships or disregarded entities) for purposes of the applicable Tax, at the time of the IPO. Original Assets also include any asset that is “substituted basis property” under Section 7701(a)(42) of the Code with respect to any Original Asset.

Examples of Original Assets in a sentence

The Ltd Exchanging Subsidiaries delivered to LMDC a schedule (the “Redemption Basis Schedule”) approved by the Audit Committee that showed, in reasonable detail, for purposes of Covered Taxes, (i) the actual tax basis as of the Redemption Date of the Original Assets, (ii) the Basis Adjustment with respect to the Original Assets as a result of the Sale and the Distribution and (iii) the period or periods, if any, over which the Original Assets are amortizable or depreciable for purposes of Covered Taxes.
It is the intention of the parties for Vantiv to pay Fifth Third 85% of the additional Covered Taxes that Vantiv would have been required to pay on Tax Returns that have actually been filed but for (i) the difference between the tax basis in the Original Assets and the Hypothetical Tax Basis and (ii) any deduction attributable to the Imputed Interest, and this Agreement shall be interpreted in accordance with such intention.
AFG makes the following representations and warranties for the benefit of AFG Credit and any Assignee, on which AFG Credit relies in purchasing the Original Assets and any Additional Assets, in accepting any contribution of any Additional Assets, and in purchasing any Property and originating any AFG Credit Leases through AFG as its agent pursuant to Article III hereof.
It is the intention of the parties for Vantiv to pay JPDN 85% of the additional Covered Taxes that Vantiv would have been required to pay on Tax Returns that have actually been filed but for (i) the difference between the tax basis in the Original Assets and the Hypothetical Tax Basis and (ii) any deduction attributable to the Imputed Interest, and this Agreement shall be interpreted in accordance with such intention.
On the Closing Date, AFG will sell, assign, transfer and convey to AFG Credit the Original Assets and will deliver to AFG Credit an executed assignment substantially in the form of Exhibit A.

More Definitions of Original Assets

Original Assets is defined in the preamble of this Agreement.

Original Assets means the assets owned by IBG LLC as of the date of the Original Sale and any asset whose tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset.

Original Assets. Has the meaning set forth in Section 2.01 of the related Transfer Agreement.

Original Assets means the assets of NCM LLC as of the date hereof (and any asset whose tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset).

Original Assets means the assets owned by the Corporate Taxpayer and its Subsidiaries (including, for the avoidance of doubt, SkinnyPop) at the time of the IPO. An Original Asset also includes any asset that is “substituted basis property” under Section 7701(a)(42) of the Code with respect to an Original Asset.

Original Assets has the meaning set forth in Section 1.1(b).

Original Assets means all right, title and interest of AFG in, to, and under (i) the Original Leases (including AFG's obligations under the Original Leases) and all monies due or to become due thereunder after the Cut-Off Date and all Collections in respect thereof, (ii) the related Equipment, (iii) the related Lease Files, (iv) the Insurance Policies and any Insurance Proceeds related to the Original Leases and (v) all income and proceeds of the foregoing or relating thereto.