Residual Asset definition

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:

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:

Residual Asset means in relation to the Transferred Business of a particular Transferor:

Examples of Residual Asset in a sentence

• Notwithstanding the Manager's retirement or removal, the Manager shall on the termination of a Sub-Fund be entitled to the payment of a proportion of the Manager's Residual Asset Fee, the proportion being so much of the period of its appointment in relation to the Sub-Fund as bears to the life of the Sub-Fund.

• 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.

• 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.

• Index Equity PortfolioIndex Balanced PortfolioIndex Fixed Income PortfolioVanguard Federal Money Market Fund 50.0%Vanguard Short-Term Bond Index Fund TARGET PORTFOLIOS(invest in Vanguard, T.

• The Residual Asset Risk Committee is responsible for the setting, validation and monitoring of the residual risk for the Bank.

• 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.

• The Transferor and the Transferee shall each take such steps and execute such documents and perform such other acts and things as may be required to effect or perfect the transfer and vesting in the Transferee of the Transferring Business and each Transferring Asset, Transferring Liability, Residual Asset and Residual Liability in accordance with the terms of this Scheme including, for the purposes of clarity, obtaining any required consent or waiver.

• The Residual Asset Risk Committee is responsible for the setting, validation and monitoring of the residual risk for the Group.

More Definitions of Residual Asset

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;

Residual Asset means all or any part of a Transferring Asset which would be an Initial Transferring Asset, but:

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:

Residual Asset means all or any part of a Transferring Asset which would be an Initial Transferring Asset, but:(a)the Court has declined to order its transfer to the Transferee at the Phase 1 Effective Time or Relevant Phase 2 Effective Time (as applicable);(b)its transfer, or the transfer of any part of it, pursuant to the Order is not recognised as effective and enforceable, by the laws of the jurisdiction in which the Transferring Asset is situated, or which govern that Transferring Asset without further steps being taken;(c)the Transferor and the Transferee agree in writing, at any time prior to the Phase 1 Effective Time or Relevant Phase 2 Effective Time (as applicable), that it would be more conveniently transferred at a later time;(d)the Transferee does not have the regulatory authorisation, permission, or other consent, at the Phase 1 Effective Time or Relevant Phase 2 Effective Time (as applicable) which it needs to hold the Transferring Asset or perform the Transferring Arrangement; or(e)it comprises any right, proceeds of sale or Income or other accrual or return whatsoever, whether or not in the form of cash, received by the Transferor from time to time after the Phase 1 Effective Time or Relevant Phase 2 Effective Time (as applicable) in respect of, or earned on, any TransferringAssets referred to in paragraphs

Residual Asset means in relation to the Transferring Business: