Rejected Assets definition

Rejected Assets means any of the Acquired Assets rejected by Buyer through written notice to Seller pursuant to Section 2.02 of this Agreement.
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Rejected Assets shall have the meaning given that term in Section 2.02.
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Rejected Assets shall have the meaning ascribed thereto in Section 1.3 hereof.
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Examples of Rejected Assets in a sentence

  • The Parties shall negotiate, in good faith, to agree to an appropriate reduction to the Credit Bid portion of the Purchase Price for each Rejected Asset (it being agreed and acknowledged that such assets may be deemed to be Rejected Assets at Buyer’s election even in the absence of agreement upon an appropriate reduction to the Credit Bid portion of the Purchase Price).

  • If and to the extent such arrangement cannot be made, (i) Seller shall retain any such Assets, (ii) such Assets shall be deemed to be “Rejected Assets,” and (iii) Buyer shall have no obligation pursuant to Section 1.1(c) or otherwise with respect to any Assumed Liabilities or other obligations attributable to any such Rejected Assets.

  • At the Closing, Schedule 2.2(e) shall be amended to -------- ------ reflect any assets that become Rejected Assets pursuant to this paragraph after the date of this Agreement.

  • Seller will have the right to Cure any Defects in Rejected Assets as soon as reasonably practicable after the end of the Initial Cure Period, but in no event later than ninety (90) days after the expiration of the Initial Cure Period (the “Subsequent Cure Period”).

  • All Contracts other than the Assigned Contracts listed on Exhibit A – Part 4(a) together with any Contracts excluded as Rejected Assets in accordance with Section 2.02 of the Asset Purchase Agreement to which this Exhibit is attached.

  • If all of the conditions to the Initial Closing as set forth in Article 7 have been satisfied or waived other than the CPUC Condition, the parties agree to close with respect to all of the Tower Assets for which all such conditions have been met, other than the Tower Assets owned by SureWest Telephone (the “Telephone Tower Assets”) and the Rejected Assets (if any).

  • Buyer shall provide Sellers and their duly authorized representatives with reasonable access to Buyer's facilities following the Closing to permit the removal and/or disposition by Sellers from such facilities of any of the Rejected Assets.

  • License Exhibit A Part 4(a) – Page 20 of 20 Exhibit A Part 4(b) Excluded Contracts All Contracts other than the Assigned Contracts listed on Exhibit A – Part 4(a) together with any Contracts excluded as Rejected Assets in accordance with Section 2.02 of the Asset Purchase Agreement to which this Exhibit is attached.


More Definitions of Rejected Assets

Rejected Assets means any Loan or Bond that satisfies the conditions of clause (i) hereof or any Collateral Obligation that satisfies clause (ii) of the definition hereof:
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Rejected Assets means all, assets acquired by any of the Celeron Companies other than in the ordinary course of business and which resulted in the Celeron Companies incurring a Liability which is not an Ordinary Course Liability.
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Related to Rejected Assets

  • Affected Assets means, collectively, the Receivables and the Related Security, Collections and Proceeds relating thereto.

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Specified Assets the following property and assets of such Grantor:

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Restricted Assets means all licenses, permits, franchises, approvals or other authorizations from any Governmental Authority from time to time granted to or otherwise held by the Company to the extent the same constitute “Excluded Assets” under (and as defined in) the Senior Lien Documents or the Junior Lien Documents or are similarly carved out from the granting clause or the collateral thereunder.

  • Admitted assets means the amount thereof as of the last day of the most recently concluded annual statement year, computed in accordance with rule 191—5.6(505,515,520).

  • Subject Assets is defined in Section 2.2(c).

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Excluded Assets has the meaning set forth in Section 2.02.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Aggregated Assets for a particular Strategy shall mean the assets of all registered investment companies managed by the Adviser that are managed by the Sub-Adviser pursuant to that Strategy, including Portfolio Assets.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Retained Asset Sale Proceeds shall have the meaning provided in Section 10.4.

  • Invested Assets means cash, Cash Equivalents, short term investments, investments held for sale and any other assets which are treated as investments under GAAP.

  • Company Assets means all assets and property, whether tangible or intangible and whether real, personal or mixed, at any time owned by the Company.

  • Reconstructed vehicle means every vehicle of a type required to be registered under this title