Ownership of Assets definition

Ownership of Assets. We have the exclusive and absolute control of our assets, including all assets in the Separate Account.
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Ownership of Assets. Except as set forth on SCHEDULE 3.10(i), the Company owns outright, and has good, marketable and insurable title to all of its assets and properties reflected in the Company Balance Sheet except as the same may have been disposed of in the ordinary course of business since the Company Balance Sheet date, free and clear of all liens, mortgages, pledges, conditional sales agreements, restrictions on transfer or other encumbrances or charges whatsoever. The Company does not own any patents, copyrights, trademarks, trade names or other similar intangible assets except as set forth in SCHEDULE 3.10(ii). No other person has any ownership or similar right in, or contractual or other right to acquire any such right in, any of the Company's assets. The Shareholder and the Company do not know of any potential action by any party, governmental or other and no proceedings with respect thereto have been instituted of which the Company has notice that would materially effect the Company's ability to use and to utilize each of such assets in its business. SCHEDULE 3.10(iii) sets forth a listing of all aircraft owned by the Company, including a description thereof. Each such aircraft has been maintained in accordance with Part 135 of the regulations of the Federal Aviation Administration, and the Company has completely and accurately maintained all records required by Part 135 of the regulations of the Federal Aviation Administration for such aircraft. SCHEDULE 3.10(iv) sets forth a listing of all records required to be maintained. The Company will provide to the Purchaser prior to the Closing a true and correct copy of all records listed in SCHEDULE 3.10(iv). Except as set forth on SCHEDULE 3.10(v), all properties and other assets owned by the Company or used by the Company in the conduct of its business are in good operating condition and repair (ordinary wear and tear excepted), are suitable for the conduct of its business as presently conducted, have been properly maintained, and do not require any maintenance or repairs except for routine maintenance and repairs that are not material in nature or in cost.
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Ownership of Assets. Except as set forth on Schedule 5.23, the Company owns, leases or has the right to use (i) all assets either used in the Acquired Business or necessary for the conduct of the business and operations of the Acquired Business as operated on the date hereof and (ii) the Intellectual Property.
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Examples of Ownership of Assets in a sentence

  • Ownership of Assets – We have the exclusive and absolute control of our assets, including all assets in the Separate or Variable Accounts.

  • A Change of Control of the Company shall be deemed to have occurred upon the occurrence of any of the following events: · A "Change in Ownership;" · A "Change in Effective Control;" or · A "Change in Ownership of Assets" as those terms are defined below.

  • For purposes of this Agreement, a “Change in Control” shall be deemed to have occurred on the earliest of a Change in Ownership, a Change in Effective Control, or a Change in Ownership of Assets, each as defined below.

  • Ownership of Assets — We have the exclusive and absolute control of our assets, including all assets in the Separate or Variable Accounts.

  • Ownership of Assets of the Trust................................13 7.

  • Whenever a vacancy in the number of Trustees shall occur, until such vacancy is filled as provided herein, or the number of Trustees as fixed is reduced, the Trustees in office, regardless of their number, shall have all the powers granted to the Trustees, and during the period during which any such vacancy shall occur, only the Trustees then in office shall be counted for the purposes of the existence of a quorum or any action to be taken by such Trustees.Section 5.6. Ownership of Assets of the Trust.

  • For purposes of this Agreement, “Change in Control” shall mean the occurrence of any one of the following: a Change in the Actual Control, as described in Section 7(i), a Change in Effective Control, as described in Section 7(ii), or a Change in the Ownership of Assets, as described in Section 7(iii).

  • Any amendment or waiver effected in accordance with this Section 9 shall be binding upon each Shareholder and the Company.

  • The Template for Transfer of Ownership of Assets (included among the Agreement Documents) shall be used.

  • Ownership of Assets of the Trust.........................................................


More Definitions of Ownership of Assets

Ownership of Assets means all assets under the project which have been financed and deployed by the bidder, shall be of bidder at all times.
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Ownership of Assets. Except as set forth in the Exhibits and Schedules attached to this Agreement, LH owns all right, title and interest in and to the Purchased Assets free and clear of all liens, encumbrances or other adverse interests.
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Ownership of Assets. We shall have exclusive and absolute ownership and control of our assets, including the assets of SA.
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Ownership of Assets each member of the Group has good title to or valid leases of all its assets which are reflected in the financial statements as at the date hereof subject to no Security Interest except as disclosed in such financial statements or as created by the Security Documents or otherwise permitted under Clause 16.8;
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Ownership of Assets all assets which are necessary for the business of the Group are beneficially owned, licensed or leased by the relevant members of the Group free and clear of any Encumbrance other than a Permitted Encumbrance;
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Related to Ownership of Assets

  • Ownership of Documents The County has permanent ownership of all directly connected and derivative materials produced under this Contract by the Subrecipient. All documents, reports and other incidental or derivative work or materials furnished hereunder shall become and remains the sole property of the County and may be used by the County as it may require without additional cost to the County. None of the documents, reports and other incidental or derivative work or furnished materials shall be used by the Subrecipient without the express written consent of the County.

  • the two businesses means the FNZ business and the GBST business;

  • Permitted Businesses means the business of owning, leasing and managing gasoline stations, convenience store properties and other retail real properties (including, for the avoidance of doubt, quick service or other casual restaurants and auto service and auto parts stores), and any other single-tenant net lease business, and business activities reasonably related to the foregoing (including the creation or acquisition of any interest in any Subsidiary (or entity that following such creation or acquisition would be a Subsidiary) for the purpose of conducting the foregoing activities), in each case that are permitted for real estate investment trusts under the Code.

  • Restricted Business has the meaning set forth in Section 6.10(a).

  • Businesses means, at any time, a collective reference to the businesses operated by the Borrower and its Subsidiaries at such time.

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided that:

  • Ownership means, for purposes of this definition, control of more than a 50% interest in an entity.

  • Permitted Business means any business conducted by the Company, its Restricted Subsidiaries or CTSH and its Subsidiaries on the date hereof and any other business related, ancillary or complementary to any such business.

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • Permitted Business Investment means any Investment made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties including:

  • Controlled unaffiliated business means a company:

  • Business concern or business means a business that has annual gross sales of less than $75,000,000 as evidenced by the federal income tax return of the business. A firm with gross sales in excess of this cap may apply to the Council for certification for a particular contract if the firm can demonstrate that the contract would have significant impact on businesses owned by minorities, women, or persons with disabilities as suppliers or subcontractors or in employment of minorities, women, or persons with disabilities.

  • Related Business means any business in which the Company or any of the Restricted Subsidiaries was engaged on the Issue Date and any business related, ancillary or complementary to such business.

  • Conduct of Business Regulations means the directions issued by the Bank from time to time on Fair Practices Code and Know Your Customer.

  • Other Business(es means any business activity we or our Affiliates engage in, other than the licensing of the Hotel.

  • Business concern means any corporation, company, limited liability company, partnership, joint venture, trust, unincorporated association or any other form of association.

  • Business has the meaning set forth in the Recitals.

  • Restricted Geographic Area is defined as all countries, territories, parishes, municipalities and states in which Company is doing business or is selling its products at the time of termination of Employee’s employment with Company, including but not limited to every parish and municipality in the state of Louisiana. Employee acknowledges that this geographic scope is reasonable given Employee's position with Company, the international scope of Company's business; and the fact that Employee could compete with Company from anywhere Company does business.

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • Oil and Gas Business means the business of exploiting, exploring for, developing, acquiring, operating, producing, processing, gathering, marketing, storing, selling, hedging, treating, swapping, refining and transporting hydrocarbons and other related energy businesses.

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Consolidated Businesses means, at any time, the Borrower and Subsidiaries of the Borrower that the Borrower consolidates in its consolidated financial statements prepared in accordance with GAAP, provided, however, that UJVs which are consolidated in accordance with GAAP are not Consolidated Businesses.

  • Permitted Intercompany Activities means any transactions between or among the Borrower and its Restricted Subsidiaries that are entered into in the ordinary course of business of the Borrower and its Restricted Subsidiaries and, in the good faith judgment of the Borrower are necessary or advisable in connection with the ownership or operation of the business of the Borrower and its Restricted Subsidiaries, including, but not limited to, (i) payroll, cash management, purchasing, insurance and hedging arrangements and (ii) management, technology and licensing arrangements.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.