Replacement Asset definition

Replacement Asset means a Property or asset that, as determined by the Board of Directors of the Company as evidenced by a Board Resolution, is used or is useful in a Related Business.

Replacement Asset means, with respect to any Asset Sale, a Property or asset that consists of a Stopping Center or that, as determined by the Board of Directors as evidenced by a Board Resolution, is used or will be used in the Stopping Center business of the Company or a Restricted Subsidiary or a business reasonably related thereto.

Replacement Asset means, with respect to any Disposition or Involuntary Disposition, a Property or asset that is the same or similar to the Property or asset subject to such Disposition or Involuntary Disposition or any other Property or asset that is used or will be used in the ordinary course of the Stopping Center business of the Borrower consistent with past practices.

Examples of Replacement Asset in a sentence

• Unless otherwise specified in the Issue Terms, the Loan Servicer may apply such proceeds in the purchase on behalf of the Issuer of Replacement Asset (as defined in the Loan Servicing Agreement), subject to any Rating Agency requirements, all as more particularly set out in the Loan Servicing Agreement and the Issue Terms.

• The valuation method is therefore that of the Modern Engineering Equivalent Replacement Asset (MEERA) cost estimated in accordance with the NSW Reference Rates for Existing Water Supply, Sewerage and Stormwater Assets, 2007 as published by DWE.

• The valuation is based on Modern Engineering Equivalent Replacement Asset (MEERA) and standard unit costs.

• The outputs from this process include;  Inventory of asset components and type;  Replacement Cost (RC) of a Modern Engineering Equivalent Replacement Asset  (MEERA);  Depreciated Replacement Cost (DRC); and  Annual Depreciation (D).

• The hedging cost borne by Société Générale (i) is based on the cost of borrowing the Fund Units (or the Replacement Asset, as the case may be) on such Business Day (t).

More Definitions of Replacement Asset

Replacement Asset. Has the meaning set forth in Section 3.04 of the related Transfer Agreement.

Replacement Asset any property acquired by a Company or any of its Subsidiaries subsequent to the Closing Date which replaces Obsolete Property of the same type and utility as the property acquired.

Replacement Asset means (a) any Airframe or Aircraft Engine acquired in a Replacement Exchange by any Issuer Group Member from a Seller after the Initial Closing Date in accordance with Section 3.01(i) and 5.02(q), or (b) any Aircraft Engine replacing a prior Aircraft Engine pursuant to a Lease as provided in Sections 4.01 and 4.02 of Schedule 2.02(a) of the Servicing Agreement, but in each case, excluding any Airframe or Engine after it has been sold or disposed of by way of a completed Asset Disposition.

Replacement Asset has the meaning specified in Section 1014.

Replacement Asset shall have the meaning specified in Section 2.6(b)(ii).

Replacement Asset. With respect to any Collateral Change Event, any one or more of the following (as shall be identified in a Collateral Change Event Notice that satisfies the requirements of Section 3 hereof):

Replacement Asset any property acquired by the Borrower or any of its Subsidiaries subsequent to the Closing Date which replaces Obsolete Property of the same type and utility as the property acquired.