Removed Assets definition

Removed Assets means all assets removed from the coverage of this Agreement during the applicable fiscal year, excluding (1) any decrease in assets which is the result of negative market movement, (2) any decrease in assets which is the result of shareholder redemptions, (3) any assets removed pursuant to Section 13(e) hereof where the Custodian is the Defaulting Party, (4) any assets removed as the result of liquidation of a Fund and (5) any assets removed as the result of a merger of a Fund into another investment vehicle for which the Custodian then-currently provides custody services substantially similar to the services provided by the Custodian under this Agreement): Franklin Txxxxxxxx · With respect to any Removed Assets removed up to and including December 31, 2020, the Early Removal Fee equals 25% of the fees that the Custodian would have received with respect to those Removed Assets if such Removed Assets had remained under the coverage of this Agreement until the end of the Current Term · With respect to any Removed Assets removed up to and including December 31, 2021, the Early Removal Fee equals 15% of the fees that the Custodian would have received with respect to those Removed Assets if such Removed Assets had remained under the coverage of this Agreement until the end of the Current Term · With respect to any Removed Assets removed up to and including December 31, 2022, the Early Removal Fee equals 10% of the fees that the Custodian would have received with respect to those Removed Assets if such Removed Assets had remained under the coverage of this Agreement until the end of the Current Term The Early Removal Fee is applicable on a fiscal year basis. Once the 1/3 threshold is passed with respect to a particular fiscal year, the Early Removal Fee shall be payable at such times as determined by the Custodian in its reasonable, good faith discretion. Each Investment Company agrees that the Early Removal Fee is reasonable compensation to the Custodian for the removal of assets before the end of the Current Term. Franklin Txxxxxxxx
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Removed Assets has the meaning set forth in Section 16.2(b)(iv).
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Removed Assets. (i) the Fund will be deemed to have caused an Early Termination with respect to such Removed Assets as of the day immediately preceding the first such removal of assets; and, (ii) at, PFPC's option, either (a) the Fund will also be deemed to have caused an Early Termination with respect to all non-Removed Assets as of a date selected by PFPC, or (b) this Agreement will remain in full force and effect with respect to all non-Removed Assets. Notwithstanding the foregoing, the Fund shall not be deemed to have caused an Early Termination in the event that the Board of Trustees of the Trust determines to close some (but not all) of the Portfolios (each, a "Closed Fund") provided that such Closed Fund's assets are not subsequently transferred to, or serviced by, another service provider for similar services.
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Examples of Removed Assets in a sentence

  • In the event Removed Assets are removed from the coverage of this Agreement, BNY Mellon at its discretion may require the renegotiation of fees relating to this Agreement, and in such case the parties will negotiate in good faith a revised fee schedule.

  • As a result of the exclusion of the Removed Assets, the Base Purchase Price is hereby reduced by an amount equal to $155,392.

  • Two other bidders offered products from the same manufacturer as Company X and Company Y, but submitted bids that lacked their commonalities.

  • All New, Modified, Abandoned and Removed Assets are to be contained within the one CAD file for each Project.

  • A transaction or series of transactions that would result in an entity not affiliated with New York Life Investment Management Holdings LLC serving as the investment advisor or sponsor of the Trust or a Series, provided that in such event the Trust shall provide to the Bank three hundred and sixty five (365) days’ notice prior to moving any Removed Assets to another service provider.

  • The single or partial exercise of any such right or remedy will not preclude any other or further exercise thereof or the exercise of any other right or remedy.

  • For avoidance of doubt, if any of the Fund’s assets or accounts serviced by BNYM under this Agreement are removed from the coverage of this Agreement (“Removed Accounts”) and are subsequently serviced by BNYM under another agreement, the Fund will be not be deemed to have caused an Early Termination with respect to such Removed Assets for the purposes of the payment of an Early Termination Fee.

  • During the term of this Agreement and subject to the terms of this Section 4, Delphi (acting through the IPC or other duly appointed person or entity) may withdraw from GMIMCo’s management assets of the U.S. Plans and arrange for those Removed Assets to be managed by one or more Delphi Investment Managers; provided, however, that the Trustee and Recordkeeper with respect to all of the other assets of the U.S. Plans continue to be the Trustee and Recordkeeper, respectively, of any assets so withdrawn.

  • Termination of the Fair Value Services shall not terminate the Agreement, and the subsequent provision of Fair Value Services by the Trust, an affiliate of the Trust, or another service provider shall not be deemed to constitute Removed Assets.

  • If you unintention- ally remove a user account from the system, refer to the Recovering Removed Assets, Locations and Users topic in the online help.


More Definitions of Removed Assets

Removed Assets. With respect to any Early Termination, Tenant’s obligations under this Lease shall be deemed to continue in effect until the later of the Removal Date or the completion of the removal of the Removed Assets (for example, Tenant must continue to maintain insurance, comply with Laws, etc.), but Tenant’s right to use the Leased Premises and Joint Use Areas shall be limited to removing the Removed Assets therefrom. Tenant shall repair any damage to the Leased Premises or Joint Use Areas caused by such removal, and any and all such property not so removed within thirty (30) days after the Removal Date shall, at Landlord’s option, become the exclusive property of Landlord and be disposed of by Landlord, at Tenant’s cost and expense, without further notice to or demand upon Tenant. If the Leased Premises and Joint Use Areas are not surrendered as above set forth, Tenant shall indemnify, defend and hold harmless Landlord against loss or liability resulting from the delay by Tenant in so surrendering the Leased Premises and Joint Use Areas, including, without limitation, the cost of dismantling and disposing of the Plant (if Tenant so chooses) and compliance with Laws with respect thereto. Tenant’s obligation to observe or perform these covenants shall survive the expiration or other termination of this Lease. Tenant shall have no obligation to restore the non-operational ethanol plant that exists on the Land as of the Commencement Date. All property of Tenant not removed on or before the thirtieth (30th) day after the Removal Date shall, at the option of Landlord, be deemed abandoned to Landlord. To the extent legally permitted, Tenant hereby irrevocably authorizes Landlord to remove all property of Tenant from the Leased Premises and Joint Use Areas thirty (30) days following the Removal Date and to cause its transportation and storage for Tenant’s benefit, all at the sole cost and risk of Tenant, and Landlord shall not be liable in any manner in respect thereto. Tenant covenants to pay all costs and expenses of such removal, transportation and storage. Tenant shall reimburse Landlord upon demand for any expenses incurred by Landlord with respect to removal or storage of abandoned property and with respect to restoring said Leased Premises and Joint Use Areas to good order, condition and repair. In addition, Landlord is hereby irrevocably authorized, to the extent legally permitted, to sell, at public or private sale, with or without legal proceedings, and with or...
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Removed Assets means any EMEA Assets designated as Removed Assets pursuant to Clause 7, or Clause 6 of Schedule 6 (Employees);
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Removed Assets means all assets removed from the coverage of this Agreement during the applicable fiscal year, excluding (1) any decrease in assets which is the result of negative market movement, (2) any decrease in assets which is the result of shareholder redemptions, (3) any assets removed pursuant to Section 13(e) hereof where the Custodian is the Defaulting Party, (4) any assets removed as the result of liquidation of a Fund and (5) any assets removed as the result of a merger of a Fund into another investment vehicle for which the Custodian then-currently provides custody services substantially similar to the services provided by the Custodian under this Agreement):
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Removed Assets has the meaning specified in Section 3.13(i).
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Removed Assets has the meaning set forth in Section 5.24(a). “Removed Liabilities” has the meaning set forth in Section 5.24(b). “Respective Affiliates” has the meaning set forth in Section 10.16(c). “Restricted Seller” has the meaning set forth in Section 5.24(b). “Restricted Technical Records” means the Livelink database or any other similar database containing only all necessary documents with respect to the technical aspects of
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Related to Removed Assets

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

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

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

  • Retained Assets has the meaning set forth in Section 2.2.

  • 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.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • 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.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

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

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

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

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

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

  • 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.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Excluded Personal Property means the following:

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • 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).

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

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

  • Title Defect Property has the meaning set forth in Section 6.2(a).

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

  • Transition Property means the property right created by a financing order, including without