Excluded Assets has the meaning set forth in Section 2.2.
Excluded Assets shall have the meaning set forth in Section 2.3.
Excluded Assets means:
Examples of Excluded Assets in a sentence
Notwithstanding anything to the contrary in this Agreement, the Transferred Assets shall not include any of the Excluded Assets.
For the avoidance of doubt, no compensation shall be due to the Property Manager with respect to any Excluded Assets.
More Definitions of Excluded Assets
Excluded Assets means each of the following:
Excluded Assets shall have the meaning given to such term in Section 2.2.
Excluded Assets as defined in Section 1.2.
Excluded Assets means (i) any fee owned real property (other than Hotel Real Properties) and any leasehold rights and interests in real property (including landlord waivers, estoppels and collateral access letters) (other than Hotel Real Properties), (ii) motor vehicles, airplanes and other assets subject to certificates of title to the extent a Lien therein cannot be perfected by the filing of a UCC financing statement (or analogous procedures under applicable law in the relevant jurisdiction), (iii) governmental licenses, state or local franchises, charters and authorizations and any other property and assets to the extent that the Administrative Agent may not validly possess a security interest therein under applicable Laws (including, without limitation, rules and regulations of any Governmental Authority or agency but excluding proceeds of any such governmental license) or the pledge or creation of a security interest in which would require governmental consent, approval, license or authorization, other than to the extent such prohibition or limitation is rendered ineffective under the UCC (to the extent applicable outside of a bankruptcy or other insolvency proceeding) or other applicable Law (to the extent applicable outside of a bankruptcy or other insolvency proceeding) notwithstanding such prohibition, (iv) any asset, lease, license, permit or agreement to the extent that, and so long as, a grant of a security interest therein (A) is prohibited under the UCC or by applicable Law other than to the extent such prohibition is rendered ineffective under the UCC (to the extent applicable outside of a bankruptcy or other insolvency proceeding) or other applicable Law (to the extent applicable outside of a bankruptcy or other insolvency proceeding) notwithstanding such prohibition or (B) to the extent and for so long as it would violate the terms thereof (in each case, after giving effect to the relevant provisions of the UCC or other applicable Laws) or would give rise to a termination right thereunder by a Person other than a Loan Party (except to the extent such provision is overridden by the UCC or other applicable Laws), in each case, (a) excluding any such agreement that relates to Credit Agreement Refinancing Indebtedness, Incremental Equivalent Debt or Permitted Ratio Debt and (b) only to the extent that such limitation on such pledge or security interest is otherwise permitted under Section 7.09, (v) Margin Stock and Equity Interests in any Person being (a) an...
Excluded Assets has the meaning set forth in the Security Agreement.
Excluded Assets as defined in the Guarantee and Collateral Agreement.
Excluded Assets has the meaning ascribed to it in Section 1.01(b).