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

• The Administrative Agent (for the benefit of the Secured Parties) shall have, with respect to all the Support Assets, and in addition to all the other rights and remedies available to the Administrative Agent (for the benefit of the Secured Parties), all the rights and remedies of a secured party under any applicable UCC.

• None of the Purchaser Parties shall have any obligation or liability with respect to any Support Assets, nor shall any of them be obligated to perform any of the obligations of any Seller, the Servicer or any Originator thereunder.

• Subject to the foregoing, the Administrative Agent may exercise remedies against each Seller and its property (including the Lock-Box Accounts, the Pool Receivables, the Related Security, the Collections and the other Support Assets) separately, whether or not the Administrative Agent exercises remedies against the other Seller or its property.

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

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.