Purchase Assets definition

Purchase Assets shall have the meaning set forth in Section 10.6(a).

Purchase Assets shall have the meaning set forth in SECTION .

Purchase Assets. Purchase such damaged or destroyed asset or assets together with all rights under the Shareholders' relevant insurance policy; or

Examples of Purchase Assets in a sentence

• In the event the Purchase Assets are acquired by the Group pursuant to Article X, the obligation of the Group to enforce Restrictive Covenants shall be limited to enforcement of non-solicitation and nondisclosure of confidential/proprietary information covenants.

• In such event, the Group shall surrender the Purchase Assets to Administrator, Parent and/or their Affiliates as of the Purchase Closing.

• Notwithstanding anything contained herein to the contrary, Administrator, Parent and/or their Affiliates shall not be obligated to sell the Purchase Assets to the Group as provided in Section 10.6(d)(i) above if the Group is not able to pay the Purchase Price pursuant to the terms set forth above and assume the Practice Related Liabilities at the Purchase Closing.

• Upon a termination of this Agreement, the Group shall be entitled to exercise its option to require Administrator, Parent or their Affiliates to sell the Purchase Assets and shall assume the Practice Related Liabilities pursuant to this Section 10.6 at any time (unless this Agreement is terminated pursuant to Section 10.4(a) or 10.4(c)).

• The Purchase Price shall be the lesser of (i) Fair Market Value of the Purchase Assets subject to the assumption of the Practice Related Liabilities or (ii) the value of the Actual Consideration (defined below)(alternatively, the "Purchase Price"); provided, however, the Purchase Price shall not be less than the net book value of the Purchase Assets at the Termination Date.

More Definitions of Purchase Assets

Purchase Assets has the meaning set out in Section 16(a).

Purchase Assets means all of the following Assets as of the date of the Closing pertaining exclusively to Seller's business, except those Assets specifically excluded herein: 1. All cash, bank accounts, liquid assets, and all other bank deposits of Seller.

Purchase Assets means the Facilities Assets, the Management Contracts and the Florida Real Property.

Purchase Assets means the Accounts Receivables, Inventory, Equipment and Fixtures, Cylinders and Tanks, Contract Rights and Intangibles, Vehicles as well as Seller's Real Estate.

Purchase Assets means the Facilities Assets and the Management Contracts.

Purchase Assets means all of Seller's right title and interest in and to assets described on Schedule 1.2 to the extent legally assignable by Seller.

Purchase Assets to Buyer as contemplated hereby, or Buyer's rights in and to the Purchase Assets, there are no outstanding subscriptions, options, warrants, calls, contracts, demands, commitments, conversion rights or other agreements, arrangements or rights of any character or nature whatever under which Seller is, or may be, obligated to issue any shares of any class of its capital stock, there are no commitments of Seller to issue or grant any such subscription, option, warrant, call, contract, demand, commitment, conversion right or other agreement, arrangement or right and no holder of any security of Seller is entitled to any preemptive or similar rights to purchase any securities of Seller.