Purchase of assets definition

Purchase of assets means the acquisition of an asset in exchange for cash or any other consideration, including an assumption of liabilities.
Sample 1
Purchase of assets. The following shall apply to the purchase of the Seller's Assets from the Seller:
Sample 1

Examples of Purchase of assets in a sentence

  • Additionally, the tax credit cannot be carried forward or refunded.2. Purchaser elects 338.A Corporation that elects a Section 338 Purchase of assets for Federal Tax purposes in which the corporation purchases at least 80% of the stock of another corporation and treats this purchase as a purchase of assets must make a similar election for Mississippi tax purposes.

  • Purchase of assets will only be considered where it is demonstrated to be more cost effective than hire.

  • Purchase of assets □ Applicable √ Not applicable There is no purchase of assets in the Company during the reporting period.

  • Purchase of assets: This includes purchases of assets from assuming financial institutions in re-assumption in accordance with Article 101 of the Deposit Insurance Act.

  • Purchase of assets through Direct Assignment of cash flows from originating NBFCs/Banks/FIs shall be only from those rated ‘AA’ and above.

  • Purchase of assets and receipts of related grants are separately disclosed in statement of cash flow.

  • Purchase of assets that were previously acquired using EU support.

  • In addition to the above, the Auction Participant who fails to fulfil the requirements set out in this Process Memorandum, including but not limited to failure of providing the documents/ information to be submitted by the Auction Participant in terms of Clause 6 hereof, shall not be eligible to submit a Bid for Purchase of assets of the Corporate Debtor .

  • Revise § 741.8(c) to read as follows: § 741.8 Purchase of assets and assumption of liabilities.

  • Rent Received from JHS Taigene Electrical Company Private Limited Rs. 15.41 Lakhs (Previous Year Rs. 58.87 Lakhs) and Chrysalis Casting Private Limited Rs. NIL (Previous Year Rs. 2.20 Lakhs).j Purchase of assets include Kinetic Motor Company Limited Rs. NIL (Previous Year Rs. 7.04 Lakhs) and JHS Taigene Electrical Company Private Limited Rs. NIL (Previous Year Rs. 4.00 Lakhs).k Sale of assets include Microage Instruments Private Limited Rs. 4407.00 Lakhs (Previous Year Rs. 290.00 Lakhs).

Related to Purchase of assets

  • Asset Sale Agreement means that certain Asset Sale Agreement between Buyer and Seller, dated as of the date hereof.

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.

  • Share Sale means a transaction or series of related transactions in which a Person, or a group of related Persons, acquires any Equity Securities of the Company such that, immediately after such transaction or series of related transactions, such Person or group of related Persons holds Equity Securities of the Company representing more than fifty percent (50%) of the outstanding voting power of the Company.

  • Merger has the meaning set forth in the Recitals.

  • Initial Business Combination means the acquisition by the Company, whether through a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or similar type of transaction, of one or more business or entities (“Target Business” or “Target Businesses”), whose collective fair market value is equal to at least 80% of the balance in the Trust Account and resulting in ownership by the Company or the holders of IPO Shares of at least 51% of the voting equity interests of the Target Business or Businesses or all or substantially all of the assets of the Target Business or Businesses;

  • Subsequent Sale means the sale of additional Securitization Property by the Seller to the Issuer after the Initial Transfer Date, subject to the satisfaction of the conditions specified in the Sale Agreement and the Indenture.

  • conditional sale agreement means an agreement for the sale of goods under which the purchase price or part of it is payable by instalments, and the property in the goods is to remain in the seller (notwithstanding that the buyer is to be in possession of the goods) until such conditions as to the payment of instalments or otherwise as may be specified in the agreement are fulfilled;

  • Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).

  • IDR Transfer Agreement means an agreement to transfer, subject to the terms of Tariff, Part VI, section 237, Incremental Deliverability Rights to a party for the purpose of eliminating or reducing the need for Local or Network Upgrades that would otherwise have been the responsibility of the party receiving such rights. Immediate-need Reliability Project: “Immediate-need Reliability Project” shall have the same meaning provided in the Operating Agreement.

  • Consolidation means, with respect to any Person, the consolidation of the accounts of such Person and each of its Subsidiaries if and to the extent the accounts of such Person and each of its Subsidiaries would normally be consolidated with those of such Person, all in accordance with GAAP. The term “Consolidated” shall have a similar meaning.

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Amalgamation Agreement means the Amalgamation Agreement dated as of June 26, 2020 among Cybin, Clarmin and Subco relating to the Amalgamation, as amended on October 21, 2020, a copy of which is available under the Company’s profile on the SEDAR website at www.sedar.com.

  • Asset Transfer means a sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company.

  • Purchase and Sale Agreement means that certain Purchase and Sale Agreement, dated as of the Closing Date, between the Transferor, as the seller, and the Borrower, as the purchaser, as amended, modified, waived, supplemented, restated or replaced from time to time.

  • Subsequent Transfer Agreement A Subsequent Transfer Agreement substantially in the form of Exhibit P hereto, executed and delivered by the Sellers, the Depositor and the Trustee as provided in Section 2.01(d).

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Transfer Agreement means the agreement providing for a transfer of structured settlement payment rights.

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • Amalgamation means the amalgamation of the Amalgamating Corporations as contemplated in this Agreement;

  • Share Transfer Agreement means the share transfer agreement, in the agreed form, between the partners in the Company;

  • Sell or Offer to Sell means to: • sell, offer to sell, contract to sell or lend, • effect any short sale or establish or increase a Put Equivalent Position or liquidate or decrease any Call Equivalent Position • pledge, hypothecate or grant any security interest in, or • in any other way transfer or dispose of, in each case whether effected directly or indirectly.

  • Asset Sale means any sale, lease, transfer, issuance or other disposition (or series of related sales, leases, transfers, issuances or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

  • Company Sale a sale, conveyance or other disposition of the Company, whether by merger, consolidation, sale of all or substantially all of the Company’s assets or sale of capital stock, including any issuance or transfer of Capital Stock of the Company to any Person.

  • Receivables Transfer Agreement means, collectively or individually, the Originator Receivables Transfer Agreement and the Master Trust Receivables Transfer Agreement, as the context may require.

  • Acquisition means any transaction or series of related transactions for the purpose of or resulting, directly or indirectly, in (a) the acquisition of all or substantially all of the assets of a Person, or of all or substantially all of any business or division of a Person, (b) the acquisition of in excess of 50% of the Capital Securities of any Person, or otherwise causing any Person to become a Subsidiary, or (c) a merger or consolidation or any other combination with another Person (other than a Person that is already a Subsidiary).

  • Capital Stock Sale Proceeds means the aggregate cash proceeds received by the Company from the issuance or sale (other than to a Subsidiary of the Company or an employee stock ownership plan or trust established by the Company or any such Subsidiary for the benefit of their employees) by the Company of its Capital Stock (other than Disqualified Stock) after the Issue Date, net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.