Principal Asset definition

Principal Asset means each of the Xxxx Massachusetts Project and, from and after the Xxxx Las Vegas Reorganization, the Xxxx Las Vegas Resort and the Encore at Wynn Las Vegas.
Sample 1Sample 2Sample 3
Principal Asset means any asset which is necessary to enable the licensee to undertake its licensed Electricity Activities in accordance with the Law, the Implementing Regulations and/or this licence.
Sample 1Sample 2Sample 3
Principal Asset means principal asset in which REIT is able to invest under rules as prescribed in the Notification of the Capital Market Supervisory Board concerning the Issuance and Offer for Sale regarding Units of Real Estate Investment Trust.
Sample 1Sample 2Sample 3

Examples of Principal Asset in a sentence

  • The information given in this article represents the views of Principal Asset Management Berhad (“Principal Malaysia”) or based on data obtained from sources believed to be reliable by Principal Malaysia.

  • Transaction Charges –In accordance with SEBI Circular No. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, Principal Asset Management Pvt.

  • The company manages regional investment activities for the Principal Asset Management group of companies.

  • The Issuer shall use commercially reasonably efforts to direct the seller pursuant to each Principal Asset Sale to transfer or cause to be transferred the Net Proceeds of such Principal Asset Sale to the Issuer.

  • During the period ending on the first anniversary of the date of this Indenture, the Issuer shall deliver, or cause to be delivered, within 30 days after its receipt thereof from time to time, Net Proceeds of any Asset Sale that is not a Principal Asset Sale to the disbursing agent of the Issuer pursuant to the Plan, for distribution to Class 3 claimants in accordance with the provisions of the Plan.

  • The foregoing provisions of this Article 5 shall not apply to any Principal Asset Sale or Principal Asset Sales.

  • In September 2005, he joined CCB Principal Asset Management Co., Ltd.

  • I/We further confirm that I/we have the express authority from the relevant constitution to invest in the units of the Scheme and the Principal Asset Management Private Limited (Formerly known as Principal Pnb Asset Management Company Private Limited), its Trustee and the Mutual Fund would not be responsible if the investment is ultra vires the relevant constitution.

  • The Banks and the Bank Agent acknowledge and agree that upon a Principal Asset Sale any Liens of the Banks on any assets or equity interests being sold in such Principal Asset Sale shall be released, provided that Net Proceeds of such Principal Asset Sale are applied to the Bank Credit Facility Obligations in accordance with the provisions of Section 3.09 of the Indentures.

  • Principal Asset Management Private Limited has been appointed as the Asset Management Company of the Principal Mutual Fund by the Trustee vide Investment Management Agreement (IMA) dated November 25, 1994 executed between Trustee and AMC.


More Definitions of Principal Asset

Principal Asset means each of the Wynn Massachusetts Resort and the Xxxx Las Vegas Resort and the Encore at Xxxx Las Vegas.
Sample 1Sample 2
Principal Asset means principal asset in which REIT is able to invest under rules as prescribed in Notification of the Office of the Securities and Exchange Commission concerning the Issuance and Offer for Sale of Units regarding Real Estate Investment Trusts.
Sample 1Sample 2
Principal Asset means: (a) any asset of the Borrower or any Subsidiary of the Borrower, other than an asset that the Board of Directors of the Borrower reasonably determines (such determination being made prior to the incurrence of any Lien thereon or any sale and lease-back transaction with respect thereto) is not of material importance to the business conducted by the Borrower and its Subsidiaries, taken as a whole; and (b) any other asset of the Borrower or any Subsidiary of the Borrower having an aggregate net book value of $50,000,000 or more; provided that in any event (x) all current assets of the Borrower and its Subsidiaries shall be Principal Assets and (y) all capital stock of the Borrower's Subsidiaries shall be Principal Assets.
Sample 1
Principal Asset means: (a) any asset of the Borrower or any Subsidiary of the Borrower, other than an asset that the Board of Directors of the Borrower reasonably determines (such determination being made prior to the incurrence of any Lien thereon or any sale and lease-back transaction with respect thereto) is not of material importance to the business conducted by the Borrower and its Subsidiaries, taken as a whole; and (b) any other asset of the Borrower or any Subsidiary of the Borrower having an aggregate net book value of $50,000,000 or more; provided that in any event (x) all current assets of the Borrower and its Subsidiaries shall be Principal Assets and (y) all capital stock of the Borrower's Subsidiaries shall be Principal Assets.
Sample 1

Related to Principal Asset

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Principal Accumulation Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Accumulation Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Principal Proceeds means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any Cash equity contributions (unless specified by the Collateral Manager to constitute Interest Proceeds in accordance with Section 10.05).

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Principal Payments For any Purchased Asset, all payments and prepayments of principal received for such Purchased Asset, including insurance and condemnation proceeds which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied and recoveries of principal from liquidation or foreclosure which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.