Unrecorded Assets definition

Unrecorded Assets is defined in Section 2.1(e).
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Unrecorded Assets means all right, title and interest of Contributor and any of its Affiliates in customer lists, customer credit information (to the extent neither Contributor nor any of its Affiliates is bound to any confidentiality obligation with respect thereto), customer payment histories and credit limits, vendor lists, and catalogs.
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Examples of Unrecorded Assets in a sentence

  • Household Data Sharing In the Household Information module, click on Add Household Data.

  • ParticularsAmountParticularsAmount To Decrease in value of asset xxxxx By Increase in value of asset xxxxx Revaluation Account ParticularsAmountParticularsAmount To Increase in value of Liability xxxx By Decrease in value of Liability xxxx Revaluation Account ParticularsAmountParticularsAmount To unrecorded Liability xxxx By Unrecorded Assets xxxx Note :1.

  • Realisation A/c Dr.To Partner’s Capital A/cNote : Both Unrecorded Assets and Unrecorded Liabilities will NOT be Transferred to Realisation Account as these are NOT the Parts of the Balance Sheet .

  • Access transaction code /IRM/IPPQMAFTPM.2. Click the Display ↔ Change button to activate Change mode.3. Click the Create button.4. Enter a File Template name and description.

  • Unrecorded Assets or Liabilities are transferred to Partner’s Capital Accounts.1. FalseReason: Unrecorded assets and liabilities are credited and debitedrespectively in Revaluation Account and resulting gain (profit) or loss is credited / debited to Partners Capital Accounts.Correct Statement: Unrecorded asset is credited in Revaluation Account and unrecorded liability is debited.Resulting gain (profit) or loss is transferred to Partners CapitalAccounts.

  • Answer (i) Accounting Treatment for Unrecorded Assets Unrecorded asset is an asset, which have not been shown in the books of account or which has been written off in the books of accounts, but the asset is still available in physical condition.

  • Either the USER or Alliance for Missions may terminate the USER’s account at any time, for any reason, or for no reason at all, without explanation.

  • CAPITAL ASSETS (Continued) The District restated Capital Assets at the beginning of the year as follows: Balance at June 30, 2003$10,931,205Adjustment to Beginning Balance – Unrecorded Assets 3,513,475 Balance at June 30, 2003 - Restated 14,444,680 Restatement for change in threshold (6,583,997) Balance, Restated $7,860,683 Capital assets were restated for June 30, 2003 due to the District changing its capitalization threshold from $1,500 to $5,000.

  • UNIT – V 12 HoursPartnership Accounts – Dissolution of Firm – Settlement of accounts – Accounting Treatment for Unrecorded Assets and Liabilities – Insolvency of a Partner – Garner Vs Murray – Fixed and Fluctuating Capital – All Partners Insolvency (simple problems only).

Related to Unrecorded Assets

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

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

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Intangible Property shall have the meaning given to such term in Section 2.1(c) hereof.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in Administrative Agent's reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrancers of the affected real property.

  • Leased Intangible Property means all agreements, service contracts, equipment leases, booking agreements and other arrangements or agreements affecting the ownership, repair, maintenance, management, leasing or operation of the Leased Property, or any portion thereof, to which Landlord is a party; all books, records and files relating to the leasing, maintenance, management or operation of the Leased Property, or any portion thereof, belonging to Landlord; all transferable or assignable permits, certificates of occupancy, operating permits, sign permits, development rights and approvals, certificates, licenses, warranties and guarantees, rights to deposits, trade names, service marks, telephone exchange numbers identified with the Leased Property, and all other transferable intangible property, miscellaneous rights, benefits and privileges of any kind or character belonging to Landlord with respect to the Leased Property.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

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

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

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

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

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

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

  • Transferred Real Property has the meaning set forth in Section 1.1(p).

  • Retained asset account means any mechanism whereby the settlement of proceeds payable under a policy or contract is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or its agent, pursuant to a supplementary contract not involving annuity benefits other than death benefits.

  • Admitted assets means the amount thereof as of the last day of the most recently concluded annual statement year, computed in accordance with rule 191—5.6(505,515,520).

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • 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.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Tangible Property means any furniture, fixtures, leasehold improvements, vehicles, office equipment, computer equipment, other equipment, machinery, tools, forms, supplies or other tangible personal property of any nature.

  • Leasehold Interests means all of each Borrower’s right, title and interest in and to, and as lessee, of the premises identified on Schedule 4.19(A) hereto.

  • Excluded Personal Property means the following: