Support Assets definition

Support Assets has the meaning set forth in Section 4.05(a). For the avoidance of doubt, the Support Assets include all Sold Assets.

Support Assets means any asset or assets that may be reasonably necessary for and related to the administration of PEG Inc.’s business, such as computer hardware, software, data back-up infrastructure, facilities and any other assets as may be reasonably determined by PEG Inc.

Support Assets has the meaning set forth in Section 5.05(a).

Examples of Support Assets in a sentence

• In respect of a Cancellation Unwind Event, the Auction Agent shall round downwards the amount of Credit Support Assets (if any) to be sold where the denomination of the Credit Support Assets does not allow for a sale of such assets in the applicable Cancellation Proportion and if the Credit Support Assets are comprised of different types of Credit Support Assets, each such type shall be realised pro rata.

• If the Total Return Funding Swap is outstanding at such time and an Autocall Maturity Trigger Event subsequently occurs, assets equivalent to the Credit Support Assets (if any) held by the Custodian (on behalf of the Issuer) will be delivered to the Funding Swap Counterparty in accordance with the terms of such Credit Support Annex.

• If the Credit Support Assets held by the Custodian (on behalf of the Issuer) are comprised of Matched Credit Support Assets and there is no Funding Swap Counterparty at that time, such Matched Credit Support Assets shall be realised in accordance with the methodology set out in Part III of the Annex.

• The Seller shall keep in full force and effect its existence and rights as a limited liability company under the laws of the State of Delaware, and shall obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the other Transaction Documents and the Support Assets.

• Condition 7(b)(1) of the Conditions shall not apply with respect to the Charged Assets comprising Credit Support Assets unless (a) such Credit Support Assets comprise Matched Credit Support Assets; and (b) there is no outstanding Total Return Funding Swap at that time.

More Definitions of Support Assets

Support Assets has the meaning given in clause 3.6(b)(iv)(A).

Support Assets has the meaning given in clause 3.6(b)(iv)(A) of the Implementation Agreement.

Support Assets means, with respect to any Party, any asset or assets that may be reasonably necessary for and related to the administration of such Party’s business, such as computer hardware, software, data back-up infrastructure, facilities and any other assets as may be reasonably determined by such Party.

Support Assets means immaterial, non-essential assets, such as paper pads, toner and ink cartridges for printers or photocopiers, writing instruments (such as pens, pencils, highlighters and erasers), binding or fastening devices (such as staplers and staples, velobinders and three-ring binders, paper clips and glue), cleaning supplies, bathroom supplies, kitchen supplies, kitchen utensils and kitchen small appliances and other tangible supplies, that are not significant to the running of the Company and the Company Subsidiaries in the ordinary course of business and (ii) “shrink wrap,” “commercially available off the shelf software package”, “click through” and other similar non-exclusive licenses (and maintenance and support services for the foregoing) with an aggregate cost less than $100,000 per year in the aggregate.

Support Assets means those assets used by Seller in support of the Business, which assets are listed in Schedule 1.8 attached hereto.

Support Assets means assets (including computers and any software embodied in such computers) of the Seller not located at the Heath Headquarters, the Owned Real Property or the Leased Real Property used to provide support or administrative functions on behalf of the Heath Business and any communication or data network systems used in the Heath Business but not used solely in the Heath Business. An example of these functions are the support functions provided to the Heath Business and charged to the G&A allocation charged to the Heath Business;

Support Assets means all assets and rights of any nature of the Seller and its Affiliates (other than the Company), used or held for use in connection with the provision of (i) Support Services to the Company (including the right to receive such services) and (ii) the Services (as defined in the Transition Services Agreement) to the Purchaser and its Affiliates following the Closing.