Residual Assets definition
Examples of Residual Assets in a sentence
The Authority is required to maximise the return to the Defence Vote through the disposal of the Residual Assets, but is unable to store, or carry out any repair or refurbishment, or to give any warranty to the Contractor or to any Customer.
The Authority has selected the Contractor to collect, store, market and sell Residual Assets as defined at Annex E.
Each Participant shall receive an allocation equal to a percentage of the Residual Assets of the Plan, such percentage to equal the ratio that the Present Value of a monthly life annuity, payable at Normal Retirement Age, of one percent (1%) of his Average Monthly Compensation bears to the Present Value of such annuities for all Participants.
In addition to the warranties and indemnities required from the Contractor in respect of their liability for work undertaken at Government Establishments (Conditions 15), the Contractor shall be liable for all Residual Assets from commencement of loading.
Unless otherwise agreed with the Authority, all such Residual Assets shall be subject to reserve prices which the catalogue provided to the Authority shall identify.