Shared Asset definition

Shared Asset has the meaning set forth in Section 2.05(a).

Shared Asset means, as of any particular date, any Asset that is used or related to or held for use in an area of a Parent’s Group’s Business in a non-de minimis respect, but is not Primarily Used In The Business. For purposes of this definition, an Asset will be deemed to be used in a Parent Group’s Business in a “non-de minimis respect” if the cost of the Business replacing the Asset, including any losses or damages that may arise from any interruption in the availability of the asset, exceeds $100,000 or if at least 10% of the utilization of the asset is in connection with the Business.

Shared Asset means an asset used by the Company or the Manager on behalf of the Company for the benefit of more than one Series.

Examples of Shared Asset in a sentence

• Contract provision: Underwriter understands and agrees that by accepting funds under a contract with the Authority it is accepting the authority of the State Auditor’s Office to conduct an audit or investigation with respect to such funds.

• At any time during the term of this Agreement, an Operator may remove (at its sole expense) any Severable Improvement which it exclusively funded, provided that such Operator has repaired (at its sole expense) any damage to a Shared Asset caused by such removal and has restored the related Shared Assets substantially to their condition at the time such Severable Improvements were made.

• The Shared Asset Managers shall act reasonably, taking into account the considerations of each Series, in connection with all decisions regarding the Shared Assets.

• The Shared Asset Managers agree to have meetings if called at any time upon five Business Days prior written notice by a Shared Asset Manager.

• In addition, the Shared Contract Party shall immediately notify the Shared Asset Managers if a default or other material event occurs in respect of a Shared Contract (such as an event that affects the validity or enforceability of a Shared Contract or an event that may result in an early termination of a Shared Contract).

More Definitions of Shared Asset

Shared Asset. 2.02(c)(iii) “Social Security Act” 3.15(f) “Sub” Recitals “Third Party Claim” 10.05(b) “Tier I Employee” 3.06 “Tier II Employee” 3.06 “Transferred Employees” 6.01(b) “Transferred Subsidiary Tax Attributes” 5.06(d) “U.S. Business Employee” 6.01(a) “U.S. Transferred Employee” 6.01(a)

Shared Asset or “Shared Assets” shall have the meaning set forth in Section 2.5 of this Work Agreement.

Shared Asset means any account or exposure where two or more Farm Credit institutions have assumed a portion of the asset’s benefits or risks. An institution’s share in the asset may be established through means such as syndications, participation agreements, assignments, or other arrangements with System entities.

Shared Asset means a network asset used by more than one consumer in order to receive gas transmission services Sole use assets means assets connected to the network for use by only 1 connecting consumer in order to receive gas transmission services Special crossings means a section of pipe and associated assets (ie, support structures, vents, casings etc), where the associated assets are installed for the purpose of crossing a road, railway or river etc. Standard contract means, any contract (being a contract for the carrying out of gas transmission services) between a GTB, and any other person, where – the price at which the gas transmission services are to be carried out under the contract is determined solely by reference to a schedule of prescribed terms and conditions, being a schedule that is publicly disclosed; and at least four other persons have such contracts with the GTB, and none of those other persons is a related party of the GTB, or with any of those other persons Stations Means an facility at which an operation on and/or measurement of the gas occurs by means of device(s) installed at the facility System growth in relation to expenditure, means gross capital expenditure where the primary driver is a change in demand or injection on a part of the network which results in a requirement for either additional capacity to meet this demand or additional investment to maintain current security and/or quality of supply standards due to the increased demand. This expenditure category includes gross capital expenditure associated with SCADA and telecommunications assets. System peak means, in relation to a transmission system, a period of specified duration during which the aggregate throughput of gas at all offtake points on the transmission system in the year ended 30 September is at its peak. The duration of the peak flow measurement period is specified to be that normally used by the business for its transmission system investment and capacity reservation evaluations

Shared Asset means any account or exposure where two or more Farm Credit institutions have assumed a por- tion of the asset’s benefits or risks. An institution’s share in the asset may be established through means such as syn- dications, participation agreements, assignments, or other arrangements with System entities.[58 FR 48786, Sept. 20, 1993, as amended at 71FR 76120, Dec. 20, 2006; 74 FR 28600, June 17,2009; 78 FR 31835, May 28, 2013; 78 FR 77562,Dec. 24, 2013] Subpart B—General Rules

Shared Asset means any tangible personal property, other than Inventories, held by or located in any of the Retained Facilities; provided that the Shared Assets do not include the Pedrengo Assets, the Dedicated Assets or the R&D Assets.

Shared Asset means any Asset used in both the (a) Business and (b) another business operated by a Travelocity Party; provided, however, that the Assets set forth on Schedule 1(a) shall not be considered Shared Assets.