Southern Assets definition

Southern Assets means the fiber and related rights and assets owned or to be owned by Southern or in which Southern has a security interest described on Schedule 1.01(d), in each case, pursuant to the Southern Company Agreement.
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Southern Assets means the assets identified on Schedule 1.01(d) to the First Lien Credit Agreement.
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Southern Assets means all of the Assets (after the Initial Cash Distribution and the funding of Reserves) of the Affiliate Debtors in the Southern Group and of any of the other Debtors used in the business of the Southern Group.
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Examples of Southern Assets in a sentence

  • All executory contracts and unexpired leases that are Southern Assets or are listed on the Executory Contract Schedule may be assumed by the appropriate Southern Debtor in accordance with the provisions of section 365 and section 1123 of the Code up to ninety (90) days after the Effective Date.

  • Represents the income tax effect of the acquisition and the sale of the Southern Assets and pro forma adjustments (a) — (e) at Denbury’s estimated combined statutory tax rate of 37.8%.

  • Southern Assets Management, Inc.Baton Rouge, LouisianaReference:Daryl Pennington Individuals1.

  • Represents the receipt of net proceeds from the sale of the Southern Assets of approximately $888.8 million, including a $45 million deposit received on March 31, 2010, the elimination of assets and liabilities related to the Southern Assets, and the accrual of approximately $5.0 million of transaction costs associated with the sale of the Southern Assets.

  • Represents the income tax effect of the sale of the Southern Assets and pro forma adjustments (a) — (e) at Denbury’s estimated combined statutory tax rate of 37.8 percent.

  • Unaudited Pro Forma Statement of Operations for the Three Months Ended March 31, 2010 The accompanying Unaudited Pro Forma Statement of Operations for the three months ended March 31, 2010 gives effect to Denbury’s acquisition of Encore, the disposition of the Southern Assets, and the related financing transactions and use of proceeds as if each had occurred on January 1, 2009.

  • No claims are pending or, to the Knowledge of the Company, threatened that the Company or any of its Subsidiaries is infringing or otherwise adversely affecting the rights of any Person with regard to any Intellectual Property Right.

  • Represents the use of a portion of the net proceeds from the sale of the Southern Assets to repay in full the outstanding borrowings under the Credit Agreement.

Related to Southern Assets

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Combined Assets means the sum of Fund Assets and Other Assets; and

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Retained Assets has the meaning set forth in Section 2.2.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Women-owned business means a business that is at least 51 percent owned by one or more women who are United States citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest in the corporation, partnership, or limited liability company or other entity is owned by one or more women who are United States citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more women.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.

  • Retained Subsidiaries means all Subsidiaries of Sellers and their respective direct and indirect Subsidiaries, as of the Closing Date, other than the Purchased Subsidiaries.

  • Company IT Assets means all Software, systems, servers, computers, hardware, firmware, middleware, networks, data, data communications lines, routers, hubs, switches and all other information technology equipment, and all associated documentation owned by or licensed, pursuant to valid and enforceable license agreements, to the Company and its Subsidiaries.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Timberlands means, as of any date of determination, all real property owned by or leased to the Borrower or any Subsidiary that is suitable for Timber production, natural resource development or real estate development. For the avoidance of doubt, “Timberlands” shall exclude property, plant and equipment of the Borrower and its Subsidiaries associated with their manufacturing activities.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Gross Assets means the total of fixed assets and current assets;

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —