Residual Asset definition

Residual Asset means (i) the Residual Policies and (ii) any asset, including the rights, benefits and powers (whether actual or contingent) of the Transferor whatsoever under or by virtue of the Residual Policies or the Residual Contracts, to be transferred from the Transferor to the Transferee pursuant to the Scheme, the transfer of which Residual Policies and asset from the Transferor to the Transferee:
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Residual Asset means those Transferring Assets which do not transfer to the Transferee pursuant to the Order as at the Effective Date for any reason whatsoever and are not otherwise transferred, including:
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Residual Asset means in relation to the Transferring Business:
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Examples of Residual Asset in a sentence

  • On the Closing Date, the Residual Interest shall be assigned to Drive Residual Holdings LP, a Delaware limited partnership (“DRHLP”), an Affiliate of the Seller, pursuant to the terms and conditions of the Residual Asset Conveyance Agreement dated as of the Closing Date among the Seller, Santander Consumer USA Inc.

  • Should the Contractor believe the condition of the Residual Asset does not support the MSP applied, they shall submit to the Authority their own valuation of the asset together with supporting evidence for that valuation.

  • Should the Contractor believe the condition of the Residual Asset does not support the MSP applied, they shall submit to the Authority their own valuation of the Asset together with supporting evidence for that valuation.

  • Each Designated Manager that enters into a settlement agreement on behalf of the Company as provided herein shall provide prompt notice of such settlement to the other Member, and shall provide prompt notification to the other Member from time to time of material developments and material anticipated costs and expenses in connection with any material legal or arbitration proceeding for any Archstone Residual Asset for which it has been designated the Designated Manager.

  • The Authority’s decision in this regard shall be final and the Residual Asset shall not be sold below the MSP without formal written approval from the authority.

  • Applicable DEFCONs: DEFCON 509 – Recovery of Sums Due DEFCON 513 – Value Added Tax DEFCON 523 – Payment of Bill Using BACS System DEFCON 534 – Prompt Payment (Subcontracts) The Contractor shall pay the Authority -------- percent (--%) of the Net Selling Price of each Residual Asset sold as stated in Schedule 2.

  • Notwithstanding the foregoing, the Seller may transfer the Residual Interest pursuant to the terms and conditions of the Residual Asset Conveyance Agreement dated the Closing Date among the Seller, Santander Consumer USA Inc.

  • The percentage of the Net Selling Price of each Residual Asset sold, stated in Schedule 2 shall be firm (i.e. not subject to variation) for the whole period of the Enabling Contract as shown at Paragraph 1 above.

  • The Manager will do everything reasonably necessary to ensure that (i) any Contributed Assets which form part of the MCA Residual Asset Licence under clause 14 of the Joint Venture Agreement and which should revert to MCA under the terms of that licence and (ii) any other assets which are required, under the terms of any of the agreements referred to in clause 3.6 above, to revert to Monster or any of its Affiliates, are delivered to MCA or Monster immediately prior to the Finalisation Date.

  • Upon the completion of any Residual Asset Sale Offer, any remaining Residual Excess Proceeds may be used by the Issuers for any purpose not prohibited by this Indenture, and the amount of Residual Excess Proceeds shall then be reset at zero.


More Definitions of Residual Asset

Residual Asset means in relation to the Transferred Business of a particular Transferor:
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Residual Asset means all or any part of a Transferring Asset which would be an Initial Transferring Asset, but:
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Residual Asset means any asset, including the rights, benefits and powers (whether actual or contingent) of the Transferor whatsoever under or by virtue of the Residual Policies or the Residual Contracts, to be transferred from the Transferor to the Transferee pursuant to the Scheme, the transfer of which asset from the Transferor to the Transferee (a) requires as on the Scheme Effective Date either the consent of any person (other than the Transferor, the Transferee or the Court) or the waiver by any person of any right to acquire, or to be offered the right to, or to offer to, acquire or procure the acquisition by some other person of, all or any part of such property, being a right which directly or indirectly arises or is exercisable as a consequence of such transfer being proposed or taking effect, (b) which the Court does not have jurisdiction to transfer or determines for any other reason not to transfer it or the transfer of which is not recognized by the laws of any relevant jurisdiction in which such asset is situated or to which the asset is subject or (c) cannot be effected pursuant to the Scheme for any other reason;
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Residual Asset means any assets or property of the Transferor, including any Right in Security in favour of the Transferor, which would be a Transferring Asset, but:
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