Subject Asset definition

Subject Asset has the meaning set forth in Section 2.1.

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Subject Asset means each (i) Asset, the assignment, transfer, conveyance or delivery of which to the Buyer without Consent would constitute a breach or other contravention of Law or any Contract and (ii) other Asset related to or necessary for the operation of, or performance of obligations with respect to any of the foregoing and which the Parties have determined is inadvisable or impractical to assign, transfer, convey or deliver prior to such other Subject Asset.

Subject Asset means any of the Subject Assets.

Examples of Subject Asset in a sentence

However, no Review Fee will be charged for any Subject Asset which was included in a prior Asset Review (unless such Subject Asset is subjected to Tests in such additional Asset Review as described in Section 3.4(d)) or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Review according to Section 3.4(e).
The Asset Representations Reviewer will ensure that these systems allow for each Subject Asset and the related Review Materials to be individually tracked and stored as contemplated by this Agreement.
For each Test and Subject Asset, the Asset Representations Reviewer will determine if the Test has been satisfied (a “Test Pass”) or if the Test has not been satisfied (a “Test Fail”).
The Asset Representations Reviewer will only be required to perform the testing procedures listed under “Tests” in Schedule A, and will have no obligation to perform additional procedures on any Subject Asset or to provide any information other than a Review Report indicating for each Subject Asset whether there was a Test Pass or a Test Fail for each Test, or whether the Subject Asset was a Test Complete and the related reason.
However, the Asset Representations Reviewer may provide additional information about any Subject Asset that it determines in good faith to be material to the Review.

More Definitions of Subject Asset

Subject Asset means, in respect of a Specified Securitization Program, the ownership and other proprietary interests in vehicles, equipment, vehicle leases, equipment leases, financial and other assets acquired by the Securitization Counterparty from a Pride Entity pursuant to the Specified Securitization Program and which are identified by reference to a vehicle or other equipment listed in the applicable Subject Asset Schedule for the Specified Securitization Program, in each case as such asset exists and in respect of which the relevant Pride Entity has possession and control as of the date of this Order, together with all proceeds thereof, including related insurance proceeds and buyout proceeds, and “Subject Assets” in respect of the Specified Securitization Program means and includes each such Subject Asset.

Subject Asset means, in respect of any Subject Disposition, the Asset disposed in such Subject Disposition.

Subject Asset shall have the meaning set forth in Section 8.2(a).

Subject Asset. The meaning specified in the definition of “Drop Down Asset.”

Subject Asset means the Corporation’s right, title and interest in and to a mining asset which is comprised of a mill facility, a producing mining operation, a mining operation which is on standby or a mineral resource upon which a production feasibility study has been carried out by or on behalf of the Corporation or a previous owner of such asset; and

Subject Asset has the meaning given to such term in Section 3.09(b) hereof. [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. Confidential Treatment Requested: Information for which confidential treatment has been requested is omitted and is noted with asterisks. An unredacted version of this document has been filed separately with the Securities and Exchange Commission.

Subject Asset the life insurance policy insured by HSBC Life (International) Limited originally held by the Vendor with insured sum of approximately US$5,387,000 (equivalent to approximately HK$42,180,000)